Fairbanks Capital Corporation/The Bank of New York/and representing Attorneys, Hughes, Watters & Askanase in Houston, Texas are rip offs.in April the above mortgage company bought our note, they stated we were late 1 payment after making a $1300.00 payment by telephone to their office and in September they returned our payment of $600 and said they could not accept the payment because it was late and we were in foreclosure. We had 4 days to file bankruptcy to keep our house, we had to hire an attorney and pay him $400 up front to file Chapter 13,1 year later we owe $10,000.00 more on our mortgage, and they are demanding $64,965.29 at the rate of 11.20% per annum as of 8-15, not including attorney fees. Our house is scheduled for auction on 12-22-03.
I spoke to an employee of Fairbanks Capital Corp and he proposed that if we paid $1000 down and paid $1300.00 a month for the next year we could keep our house. We just don't seem to be able to get ahead now, we have tried to refinance but no mortgage will even touch us because of our foreclosure.
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