Fairbanks Capital Corp claimed I hadn't made payments, ignored chapter 13 papers of payments, but accepted trustee payments two years after they threw me out of my home ripoff business from hell Salt Lake City Utah
This company bought my mortgage note but I was never notified. They started harrassing me almost immediately, claiming I hadn't made several payments. This was not correct, as the mortgage company that I knew was holding my mtg. note had cashed my payments.
They sneakily got their case into court, without notifying me, while I was busy getting those cancelled checks to prove I had made the payments and getting my chapter 13 papers, which saved the house from my ex-husband, to verify that I did indeed have trustees paying as well as my paying the monthly mortgage amount.
They got the stay lifted from my chapter 13 under the guise of my not having made those payments. When I was finally notified that Fairbanks did own my mortgage note it was too late and I was already foreclosed. That happened to me in April of 2000. They continued to accept and cash the trustee payments for the mortgage until June of 2002. They had no right to take my money AND the house. This menace of a company must be stopped.
My friend in Illinois is losing her house because of Fairbanks Capital as I speak. If one less person loses their home due to the scams Fairbanks pulls, I will feel vindicated.
Kate
New Berlin, Wisconsin
U.S.A.
3 Updates & Rebuttals
Carolyn
Coldwater,Michigan,
U.S.A.
I to would like your info. to get refinanced
#4Consumer Comment
Mon, August 18, 2003
This also for Laura. Go to the sight mortgage Expo. you put in some details and they will match you up to lenders who deal with some of our circumstances with FB. I on the other hand tried Ameriquest and can't get help until FB corrects my credit report which I was told would be done and has yet to be. Good Luck
I hope at least some of us if not all get out from under them maybe we can put them out of business if we can all get away from them and warn the rest of the country not to do business with them.
The thing that bothers me most is the majority of us got sold to them not that we saught them out and now trying to get away from them seems impossible because they make you look like your a low life and don't pay your bills.
I know of a couple of places you might try Indy- mac and Oaktree. I think to the most scary of refinancing is how do you know you won't get sold to FB again ? I ask that question to lenders that I have tried with if they do business with FB or any of the other names they use. Hope this works for you.
Laura
Palatine,Illinois,
U.S.A.
Request for Help from Openshaw
#4Consumer Comment
Thu, August 14, 2003
I am Laura in Palatine, Illinois who filed a report on this company in July. We tried for about 8 months to refinance and were not successful. We have no credit card debt, no car payments (both were paid off), no other debt othen than the mortgage. We have owned our property for 15 years. If you think you can help us I would love to talk to you. Please provide contact information.
Thanks.
Openshaw
Southampton,Pennsylvania,
U.S.A.
I have a solution to your friend's problem
#4Consumer Suggestion
Fri, April 11, 2003
I have recently helped one customer who's life was being ruined by Fairbanks and would gladly help out others. I am a mortgage broker and am disgusted by this company's tactics. Anyone who has a mortgage with Fairbanks should get away from them immediately. Even though your credit has been destroyed, there are loan programs available to enable you to do this. Provided that your only bad credit history is with Fairbanks and you can document your timely payments, you should be able to find a lender that will listen. Due to low interest rates, most mortgage brokers are too busy refinancing the cream of the crop than dealing with situations that might need some explaining.