This all started about 3 years ago, this scam to try to take our home. My wife and I refinanced our house and had been put with Alliance Mortgage Company. Shortly after the mortgage was sold to Fairbanks Capital (early in the year January or February). Comming back from vacation in late July we get a message on our phone that our mortgage is now in the process of going into forcloser.
We contacted Fairbanks Capital to investigate. All we got in return was a guy, basically laughing at us telling us that we are going to lose our home. After checking with the bank we noticed that our payments for the months of April, May, June, and July had not been posted (we used certified checks). The bank had told us that they have not yet been cashed.
Going forward and making about 8 or 9 more phone calls to Fairbanks Capital trying to get some kind of solution to this problem we find out that BINGO all four checks had cashed in a matter of two days in August. Then we get a notice that we owe these "late fees". I had read that in Utah there is no law on when a mortgage company has to post a payment. That is well and good in Utah, however, our home is in Michigan.
I am so pissed off right now I can't even keep my thoughts straight. My wife and I eventually refinanced to get away from this crap in February of only to find out in May Conti-Mortgage sold our Mortgage to who? YOU GUESS IT FAIRBANKS CAPITAL. Now with my wife 6 months pregnant we have to deal with these clowns that can seem to go to a bank and cash a check and apply the money in which it was intended for.
we get this song and dance that our money is in a holding account. Holding for what? Are you kidding me? Ya holding for interest that they can keep. If you add up I guess it is about 40,000 plus people these people are taking to cleaners and not only taking the house (or trying to) they are taking money that doesn't belong to them in the first place. Something has to be done to this company for the sake of all that are going thru this crap.
One more thing that was funny, and I think I should pass this on. My wife opened the mail the other day and it said that Fairbanks Capital is putting forced placed insurance coverage on our home because we haven't provided proof to the company. Funny thing is that our agent FAX the proof SIX times to them. How do i know this, because i'm the agent!
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