Fairbanks Capital
Forbearance Confusion, Foreclosure Sale and Loan Sold Again to GMAC

I can't believe I have finally found a place to complain about this company. I have had nothing but problems since the beginning with them but it all started with Equicredit and just for anyones records Equicredit and fairbanks is now 1 in the same.

I started with them in feb of 02. I was put on a forbearance agreement because they said I was behind with Equicredit (and Equicredit said they werent taking payments from anyone in ny due to the 9-11 tradigty.) so I was sending payments and I had an emergency missed 1 payment and then was told not to send untill% and when I called to tell them I was sending a payment they told me not to. This went on until may of 03. I would call them everyday 2-3 times a day at times and was always told the same thing.

On June 9th I received a call from them "reminding" me that the foreclosure sale date was the following monday. I informed them I knew nothing of this. They kept saying well we sent you notification of it. (they never did) finally I had to declare bankruptcy to stop them but that didn't work. It only held it off... Then the wed after the sale date was supposed to happen I received a letter saying the mortgage was being sold to GMAC... Theres another one you don't wanna get stuck with. Well low and behold the week before thanksgiving I received a letter from GMAC that the sale date was dec 16th. I fought and fought but nothing helped. And as far as I know the house was sold but none will tell me anything... I feel for all of you and wish you all the best of luck... We need to come together as burned customers and sue them for all there worth.

Company: Fairbanks Capital
Country: USA
State: Utah
City: Salt Lake City
Address: 3815 South West Temple
Phone: 18008186032

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