• Report: #218197
Complaint Review:

Fairbanks Capital - LSC - SPS - Equicredit, Patriot Mortgage

  • Submitted: Sun, October 29, 2006
  • Updated: Sun, October 29, 2006

  • Reported By:Panama Oklahoma
Fairbanks Capital - LSC - SPS - Equicredit, Patriot Mortgage
3815 South West Temple Salt Lake City, Utah U.S.A.

Equicredit, Fairbanks Capital, Patriot Mortgage Fairbanks Capital - LSC - SPS - Equicredit, Patriot Mortgage Equicredit Faibanks etc. Stole my home through swapping Salt Lake City Utah

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In 2001 I lost my home throgh something known as swapping. I had applied for home loan on my inherited home from my grandmother to purchase a home in the state where I lived Oklahoma. My intentions were to do some repairs to her home and use it as rental property. However I mailed in my first payment in to Fairbanks they told me the loan had been sold to a subsidarary company and they refused to accept my payment. By this time the second payment was due so I mailed both payments to the subsidarary company and I got the same results.

The loan was taken over by Equicredit and they also refused payment due to being sold to someone else. This went on for 9 months all payment attempts refused. They then foreclosed on the home and auctioned it off. The mortgage amount was $44,000 the home was sold for $58,000. After meaningless days on the phone trying to staighten this out during the payment period All was lost. I have tried everything I know to obtain some resolve but nothing has happened. I have disputed Equicredit on my credit report however it was not removed and now Fairbanks has shown up. Is there ANYTHING I Can do???? HELP PLEASE!!

Panama, Oklahoma

This report was posted on Ripoff Report on 10/29/2006 10:14 AM and is a permanent record located here: http://www.ripoffreport.com/reports/fairbanks-capital-lsc-sps-equicredit-patriot-mortgage/salt-lake-city-utah-84115/equicredit-fairbanks-capital-patriot-mortgage-fairbanks-capital-lsc-sps-equicredit-218197. 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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