Complaint Review: FAIRBANKS

MY GRANDFATHER HAD A MORTGAGE WITH FAIRBANNKS. THEY TRIED TO FORECLOSE ON HIS HOUSE. I HAD TO DO A REVERSE MORTGAGE TO STOP THE FORECLOSURE. IN OTHERWORDS, NO OTHER MORTGAGE COMPANY WOULD WORK WITH US BECAUSE OF FAIRBANKS THEREFORE HIS ONLY OPTION WAS A REVERSE MORTGAGE. THIS IS JUST LIKE A FORECLOSURE BECAUSE I HAD TO PAY THESE OUTRAGEOUS FEES TO REFINACE AND PAY A MONTHLY FEE AS LONG AS HE HAVE A REVERSE MORTGAGE.

DURING THE TIME THE LETTER ARRIVED AT THE HOUSE MY GRANDFATHER WAS IN A NURSING HOME FOR REHABILITATION. WE NEVER RRETURNED THE CLAIM FORM AND HE IS ELIGIBLE FOR OVER $2,000.
I FEEL LIKE HE SHOULD BE INCLUDED IN THE FORECLOSURE BECAUSE WE HAD LOST MOST OF OUR EQUITY AS A RESULT OF THE REVERSED MORTGAGE.
PLEASE HELP

MY GRANDFATHER PASSED IN THE MONTH OF MAY 2004. THEREFORE I WILL CONTINUE TO HANDLE THE CASE.

Lisa
WASHINGTON, District of Columbia
U.S.A.