Complaint Review: FAIRBANKS CAPITAL

FAIRBANK CAPITAL FINANCE MY MORTGAGE IN 1997 I HAD PROBLEMS WITH THEM FROM DAY ONE. MY HOUSE WAS FLIP TRIPLE TIMES THE PURCHASER BROUHGT MY HOUSE FOR $25,000 AND SOLD THE HOUSE TO ME FOR $80,000 THE PURCHASER WROTE A $16,000 CHECK LIKE I PUT THE $16,000 DOWN ON THIS PROPERTY IT THEN BROUGHT THE HOUSE DOWN TO $64,000.I
FINANCE $64,000 WITH NORTH AMERICAN MORT. AND THEN MY LOAN WAS SOLD TO CONTI-MORTGAGE LOAN WAS SOLD TO FAIRBANKS CAPITAL

WHAT A NIGHTMARE MY INTEREST RATE WAS 11.3% ARMED MORTGAGE PAYMENT WAS $624.04 A MONTH. MY HOMEOWNERS INSURANCE,PROPERTY TAXES WAS NOT INCLUDED IN ESCROW. HOMEOWNERS INSURANCE WAS $450.00 A YEAR
PROPERTY TAXES WAS $1300 A YEAR. FAIRBANKS CHARGE LATE FEES WHEN MY MORTGAGE WAS NOT LATE. IN 1998 I FOUND OUT THE I WAS IN A DEFRAUDED MORTGAGE A LITIGATION SETTLEMENT HAD TO TAKE PLACE WITH THIS COMPANY. WHEN IT WAS EXPLAIN TO ME THAT I WAS DEFRAUDED I THEN RESPONED TO THE LETTER I RECEIVE IN THE MAIL. THERE WAS A
LITIGATION FUND SET UP WITH FAIRBANKS TO START INTERIUM PAYMENTS OF $350.00 A MONTH THEN THE PURCHASE OF MY HOUSE LOAN THAT WAS $64,000 WILL BE REDUCE IN HALF THIS NEVER HAPPEN FAIRBANKS LIED

I WAS STILL MAKING THESE $350.00 PAYMENTS UNDER THE LITIGATION FUND NOTHING NEVER HAPPEN. FAIRBANKS AGREED ON A MODIFIED LOAN THAT NEVER HAPPEN ALSO THEY AGREED ON A FOREBEARANCE AGREEMENT THAT NEVER HAPPEN UNTIL THEY WANTED TO. IN 2003 FAIRBANKS DECIDED TO SELL MY LOAN TO SN SERVICING COMPANY AND THAT'S WHEN MY LOAN GOT MODIFIED INTO HALF OF THE $64,000 BUT FAIRBANKS LEFT MY MORTGAGE IN A MESS MY PROPERTY TAXES WAS NOT PAID FOR SEVERAL YEARS THAT THEY AGREED TO PAY UNDER THE LITIGATION FUND. WHEN SN SERVICING RECEIVE MY LOAN THEY STATED MY FILES HAD BEEN BURNISH THEY HAD NOTHING TO GO OFF. FAIRBANKS SOLD MY LOAN BECAUSE OF THE TROUBLE THAT THEY WAS IN. OK FAIRBANK SENT A LETTER STATING THEY WAS UNDER CIVIL LAWSUIT FILL OUT THIS PAPER I WILL RECEIVE I REFUND OF $913.00 BACK FOR THE LATE FEES ETC. I RECEIVE $83.00 BACK ON JULY 28,2004 SOMETHING IS NOT RIGHT. ALSO WHEN MY LOAN GOT MODIFIED FAIRBANKS OWE ME$2,800.00 IN ESCROW ADVANCE I NEVER RECEIVE THIS MONEY BACK AT ALL THEY TRIED TO SAY IT WENT TO SN MORTGAGE COMP. IT DIDNOT
THEY KEPT THAT MONEY FOR THEMSELVES. LAST BUT NOT LEAST I ASK FAIRBANKS TO SEND MY A LETTER OF SATISFACTION THEY STATED THEY COULD NOT SEND A LETTER OF SATISFACTION BECAUSE THE LOAN WAS SOLD TO ANOTHER COMPANY THAT WAS NOT MY CHOICE TO SELL THE LOAN IT WAS FAIRBANKS CHOICE BECAUSE OF THERE FRAUDING ALSO THE MORTGAGE OF FAIRBANKS IS NOT REPORTING ON MY CREDIT REPORT IT DOES NOT EVEN SHOW I HAVE A MORTGAGE.




TRINA
BALTIMORE, Maryland
U.S.A.