Complaint Review: Fairbanks Capitol Corp. - Jacksonville Florida

Robin this is for you, you are so right! Talk about a vicious circle, living in a depressed city once called the Queen City of NY, Buffalo I would never think that one of our oldest and most established banks, HSBC is involved in more than meets the eye. HSBC recently announced their intent to leave NY State for Delaware and I wondered why especially since they built a huge building a few years ago and much more. Well doing my research and wondering why, found out some interesting news they are in bed with not only Household Finance a bad boy, but a bigger bad boy Fairbanks. Still wondering how Litton Loan fits into this scheme, but I hope to find out. There was a recent report at InnerCity Press(attaching same)now I know WHY, they are running away, scardy cats. This is dated March 29, 2004: In preemption news, Household's owner HSBC now proposes to shift to an OCC charter, and to move its U.S. headquarters out of New York, to Delaware. The latter should perhaps not surprise: Delaware's insurance commissioner bent over backwards to approve HSBC's acquisition of the predatory Household, and is now in court for its withholding of HSBC-related documents under the Freedom of Information Act. It's not like the New York Banking Board didn't also cave in to HSBC: documents ICP received last week from the NYBD show that the NYBB was provided with less than twenty pages about HSBC's Bank of Bermuda proposal, including virtually none of the predatory lending issues which arose. Even that laxity was not enough for HSBC: they want preemption, they want deregulation, they represent the worst of corporate globalization, for example with their export of predatory lending. Developing... Until next time, for or with more information, contact us. Guess what Fairbanks, Litton Loan, Ocwen, HSBC, and who ever else wants to do the dance we are on to you and we are coming stronger than before. Guess I need to send a comment to a few government officials and agencies that HSBC and it's cronies should stay where they are so NY & Eliott Spitzer can take care of them .

It seems that Fairbanks is using the FTC settlement to "review" and actually ADD fees to many accounts. It does not seem that anyone is holding them accountable for these fees, either; the FTC and HUD seem to be once again turning a blind eye to the bad business practices of Fairbanks. First of all, if you have not already filed a complaint with the FTC concerning this issue, please do so now. This can be done online at: http://www.ftc.gov/ You may be asked later for your documentation. You need to write a RESPA request letter to Fairbanks immediately. A sample letter and more explanation of the Real Estate Settlement Procedures Act is available at: http://www.hud.gov/offices/hsg/sfh/res/reslettr.cfm As always, certified mail return receipt requested as there is a time limit for Fairbanks to respond to your RESPA request letter. You need proof of receipt. Send a copy of this RESPA letter to the Attorney General of New Jersey along with an outline of your ordeal and all the documentation of your case. Add a cover letter stating that Fairbanks Capital should not be allowed to continue their gigantic rip-offs in your state and direct them to this site. Ask the AG how you can go about getting Fairbanks license to work in New Jersey rescinded. It would not hurt to send a copy to Eliot Spitzer, the AG of New York as he is hot on the trail of these "servicers". And he is working to prevent the Federal agencies from taking full control of these issues. Although the Feds seem bent on taking over all to do with commerce and banking, their "help" is nearly non-existent and laughable. The Feds are far more interested in taking the power to regulate away from individual states and making it much easier for these corrupt entities to continue bankrupting and robbing American citizens. Send another copy to the Department of Justice and yet another to the FBI, with copies of your documentation. Yell RICO in these cover letters; these companies indulge daily in racketeering practices and use the US Mail and wire fraud to fraudulently extort money from their victims every day. After doing these steps, run a search in Google for "mortgage fraud" and you will find that this problem is widespread and rampant throughout the industry. And that it starts in many cases with the appraisers and brokers and goes right on up the chain to Wall street! You will have to become a self-taught lawyer on these issues and learn to fight for yourself. As you have seen, many lawyers are reluctant to take on these companies. Running a Google search under "mortgage servicing fraud" will lead you to some groups and sites that are dedicated solely to this issue. This is a lot to do and time grows short concerning settlement issues. Good luck to you.