- Report: #43188
Complaint Review: Fairbanks Capital Corp. - Syracuse New York
-
Author Not Confirmed
Why?
Fairbanks Capital Corp.
Loan Servicing Center, 9600 Great Hills Trail, 200 West, Austin, TX Syracuse, 13210 New York, U.S.A.
Phone:
315-424-0841
Web:
N/A
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Business Rating:
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Fairbanks Capital Corp loan ripoff scam Salt Lake City Utah
Fairbanks Capital Corp AKA Olympus Loan Servicing ripoff - "lost" all my escrow money, never paid taxes or hazard insurance, doubled my mortgage payments ripoff business from hell Salt Lake City Utah .....
These are evil awful people. My mortgage was sold to them in July 2002. It was sold with an escrow balance of $2,400.00. I paid my full 288.00 per month into escrow, along with the rest of my mortgage payment, faithfully all year. They never paid my hazard insurance and it was cancelled. I had to pay it myself. They never paid my taxes and I receieved a notice of tax sale and redemption from the city. Yet my escrow had diminished to 1,900.00.
When I tried to get an answer on the phone, I was told that "attempts were made to pay your city taxes." My city taxes have not been paid, even now, after talking with them and being assured they would put a rush on it (on 1/15/03). Yet, they had not trouble doubling my mortgage, from 643.00 per month to 1112.00 per month. They are claiming an escrow deficit of over 2000.00. Where did all my money go? On the phone they admit the huge increase in mortgage payment is a mistake and even said I could just pay the usual 643.
But then, guess what, I got a delinquency notice, now with late fee, for the 1112.00. When I called they told me they had dropped it down (the web page says my mortgage is now around 843.00 still way too high for my taxes, which they aren't paying anyway), and I only had to send around 250.00 I'm learning. I asked for written documentation that I only had to send the 250, but they were unable to provide that. Statements go out of a different location. Blah Blah Blah. I'm sending the full amount. Don't want to give them anything to charge me late fees about.
Luckily, I have parents who can help me out. Otherwise I'd be in serious trouble. The crazy thing is, as far as I can tell, what they're doing is legal. They can have computer errors that jack up my monthly mortgage payment to ridiculous amounts, and then charge late fees and, eventually foreclose (which I gather is their favorite game), because of non-payment, because I am required to pay the amount they are asking while in dispute about the increase.
The dispute could take years. Without my parents, I'd lose my house before I could possibly get this resolved. These people must be stopped. I've sent a letter to 60 Minutes, and emailed Dateline. I encourage others to do the same. This is a newsworthy story. Don't let them get away with it. Fight back.
Shawne
Syracuse, New York
U.S.A.
These are evil awful people. My mortgage was sold to them in July 2002. It was sold with an escrow balance of $2,400.00. I paid my full 288.00 per month into escrow, along with the rest of my mortgage payment, faithfully all year. They never paid my hazard insurance and it was cancelled. I had to pay it myself. They never paid my taxes and I receieved a notice of tax sale and redemption from the city. Yet my escrow had diminished to 1,900.00.
When I tried to get an answer on the phone, I was told that "attempts were made to pay your city taxes." My city taxes have not been paid, even now, after talking with them and being assured they would put a rush on it (on 1/15/03). Yet, they had not trouble doubling my mortgage, from 643.00 per month to 1112.00 per month. They are claiming an escrow deficit of over 2000.00. Where did all my money go? On the phone they admit the huge increase in mortgage payment is a mistake and even said I could just pay the usual 643.
But then, guess what, I got a delinquency notice, now with late fee, for the 1112.00. When I called they told me they had dropped it down (the web page says my mortgage is now around 843.00 still way too high for my taxes, which they aren't paying anyway), and I only had to send around 250.00 I'm learning. I asked for written documentation that I only had to send the 250, but they were unable to provide that. Statements go out of a different location. Blah Blah Blah. I'm sending the full amount. Don't want to give them anything to charge me late fees about.
Luckily, I have parents who can help me out. Otherwise I'd be in serious trouble. The crazy thing is, as far as I can tell, what they're doing is legal. They can have computer errors that jack up my monthly mortgage payment to ridiculous amounts, and then charge late fees and, eventually foreclose (which I gather is their favorite game), because of non-payment, because I am required to pay the amount they are asking while in dispute about the increase.
The dispute could take years. Without my parents, I'd lose my house before I could possibly get this resolved. These people must be stopped. I've sent a letter to 60 Minutes, and emailed Dateline. I encourage others to do the same. This is a newsworthy story. Don't let them get away with it. Fight back.
Shawne
Syracuse, New York
U.S.A.
3 Updates & Rebuttals
DEBBY
CARSON CITY,Nevada,
U.S.A.
FAIRBANKS IS CHEATING IRS ON ITS 1098 FORMS
#2Consumer Suggestion
Wed, February 05, 2003
Fairbanks reports its escrow disbursements on a 1098 form to IRS. Everyone is suppose to receive a copy of this form at the end of the year.
Fairbanks is incorrectly reporting disbursements to IRS. This not only cheats the government, but the consumer on its escrow accounts. It probably is pocketing the escrow money. By not accounting for the escrow money to IRS it can then manipulate its books to cheat IRS on its tax returns to create a favorable tax bracket.
Shawne
Syracuse,New York,
U.S.A.
Major Media Contact - Urgent - Please Read ..Send them a link to your Rip-off Reprot
#3Author of original report
Wed, February 05, 2003
There is movement afoot to contact major networks with stories about Fairbanks. It has been posted by a couple of people here, and someone on the conti-fairbanks.com webiste has also posted their own version of such a plan. It is important that we all get together and do this, and try to have the same subject matter. The more united we are, the stronger statement we make. I'm pasting the comment from the discussion forum at conti-fairbanks below. This person provides email addresses for several major network news programs. All you have to do is copy and paste the email addresses into your mail program and then go for it. Let's all do this. It might really work.
Here are the email addresses:
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
and here's what was posted in the discussion forum:
I am organizing a mass email and fax campaign to inform ALL network news magazine programs of our mission. This includes NBC's Date Line and Nightline, CBS's 60 minutes and 60 Minutes 2, ABC's 20/20 and Fox News Channel's O'Riley Factor. Yes friends we have included the conservatives on the list. Here is how it will work.
EVERYONE is requested to send an email to each program on Sunday, February 9, 2003. This way all programs will find their email boxes flooded with messages from borrowers.
Now this in very important, every email MUST have the same subject line, which is: FAIRBANKS CAPITAL STEALING HOMES!
The message can be your own personal experiences AND needs to include a link to this website Lets stand together and shine the national media spotlight on our issues. Send a separate email to each programs. This campaign can only work if EVERYONE participates.
So do your part on February 9th! Here are the email addresses for each show.
Copy and paste them into your email address line: [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
Shawne
Syracuse,New York,
U.S.A.
Tax Question - anyone else out there have this?
#4Author of original report
Sat, February 01, 2003
Yesterday I got my 1098-2002 tax form from Fairbanks. In it they say they subtracted 1,503.02 from my escrow for property taxes in 2002.
I have PROOF that this is incorrect. The county sent me a summary of my property tax info. As of 1/27/2003 326.20 was paid on my county taxes on Jan. 22, 2002.
In spite of Fairbanks claims to have paid my taxes several times over judging by the deficit in my escrow account, all the rest of my taxes are delinquent.
I think this is tax fraud, isn't it? I'm going to try reporting this to the Dept. of Treasury on Monday. I urge everyone else to check out your tax forms to see if similar errors were made. let me know what you find. Post it below so everyone will know.
