• Report: #189826

Complaint Review: Fairbanks Capitol Corps.

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  • Submitted: Wed, May 03, 2006
  • Updated: Wed, May 03, 2006

  • Reported By:Davenport Iowa
Fairbanks Capitol Corps.
3815 South West Temple Salt Lake City, Utah U.S.A.

Fairbanks Capitol Corps. Stole my home, my livelihood and my life Salt Lake City Utah

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I purchased my home in 1991 when I was 19 years old. I operated a small hair salon in my home for 10 years. I also raised 3 children in this home.

In 2003 Fairbanks took my home through foreclosure proceedings. Prior to foreclosure the company attached unwarranted fees, and penalties. The more I provided documents in support of my disagreement,the more often it happened.

There came points in 2003 when I wired them significant amounts of money that they claimed would make us square. However, when I did this they returned the money claiming a new sum of satisfaction. With this new sum there were additional fees attached.

I tried to refinance, no such luck with Fairbanks reporting to the credit bureau. Then I found a buyer for my home to end the mess with Fairbanks. Fairbanks delayed the sale of the home. I am not real sure how that happened. After that we were in foreclosure.

I agreed to be part of the class action suit against capitol corps.that settled in 2004. I was given a few hundred dollars for my home that I paid on for 12 years.

Today, May 3, 2006 I received from the IRS an examination report that claimed an additional income to the amount that was on my tax return. The IRS stated that due to this additional income I owed $10,000 in taxes plus interest.

I called immediately to the number on the letter. Fairbanks capitol corp. reported to the IRS that I received a $41,056 tax write off when they took my home. The IRS claims this as income.

In summary I think that Fairbanks stole my home, sold it, for $49,000 more than I owed them. I am not a genius but I think they did very well in regard to my home. 1st they got their money back plus the money I could have received if I sold the home.

Can someone please explain to me why I have to pay $10,000 for their capitol gain? I am spitting mad, and I feel like I have been violated again. Is this happening to others in this situation? Our life has been so devastated the last few years by our loss. I still notin the position to fight it.

Melissa
Davenport, Iowa
U.S.A.

This report was posted on Ripoff Report on 05/03/2006 01:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fairbanks-Capitol-Corps/Salt-Lake-City-Utah-84115/Fairbanks-Capitol-Corps-Stole-my-home-my-livelihood-and-my-life-Salt-Lake-City-Utah-189826. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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