If it does look familiar, sadly you are not alone. Management And Organization Ballooned our loan from $598 to $1250. Box 65450, Salt Lake City, UT 84165-0450 I just found out that SPS has basically duped me out of $40k. We showed proof of our loan and we were lucky our bank helped us through a refinance. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. So because we have over $100k in equity in our home we believe they were trying to take our home as we find that chase bank is in trouble again. So I am reporting of what I believe to be Unfair Lending Practices. On FB, there are groups of homeowners fighting for their homes (or to get the $ they deserve for being victims of fraudulent practices). Wow. Mind you it was lender place insurance. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. The Reward a criminal receives from the DOJ: One of the biggest assistance to homeowners is the PR Principal Reduction and/or Principal forgiveness for those who owe more than the home is worth, because under the Settlement: For each $1.00 Forgiven by SPS, owned by the Fraudster Credit Suisse: 1. I believe they are practicing unfair practices as I dont think they want us to keep the house. Looking at other comments I dont think they have helped any one. They said they would modify the agreement but only sent forms and saying they were sent and they were. Worst company to deal with and will not work with you at all. We will use these documents to determine your eligibility for our deed-in-lieu option. In September I sent them Your email address will not be published. Id. I need a lawyer to work for me against SPS and their unethical practices! Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida . administrator or law firm. Does THAT sound familiar to you, did that happen to you, a friend or a family member? I didnt think you could raise a mortgage every month, even if Im late paying it. Struggling with this payment. I know theres a lot of us out there that, sadly, have experienced the same thing. I was able to make partial payment. I have had problems with my monthly mortgage since SPS has taken over the account. I would like to know if select portfolio has a class action lawsuit against them for predator loan. I need help to make this mess go away! If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. Whos watchin the hen house ? im gettting a lawyer. I wish someone would stop them. 2. Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? They wont release the mortgage. SPS sends me many letters each week telling me I am in default of the loan even though I pay on the 1st of every month, but not the amount that they say I am to pay. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! Now all these years later I owe them $176 and change thousand dollars. Then said loan is getting purchased for pennies on the dollar. Select Portfolio Servicing - Extortionists Resolved Select Portfolio Servicing - Dishonest/deceptive practice Resolved Select Portfolio Servicing - Foreclosure Resolved Select Portfolio Servicing - Fraud Resolved Select Portfolio Servicing - Unauthorized billing Resolved Select Portfolio Servicing - mortgage IM GOING TO DO EVERYTHING LEGALLY IN MY POWER WITH ANY LAWFIRM THAT WILL JOIN ME OR US BECAUSE I SUFFERED AND IM STILL SUFFERING FROM THE AFFECTS OF MY HEALTH DETERIORATING AND I WILL NEVER GET BACK MY HEALTH THAT I LOST BECAUSE OF THE SIGNIFICANT PAIN, MENTAL AND SOCIAL ANGUISH THAT THIS COMPANY CREATED AGAINST ME. Box 65250 Salt Lake City, UT 84165-0250 Account PaymentSelect Portfolio Servicing, Inc. Attn: Remittance Processing P.O. Consequently, [Selects] 2nd mortgage lien shall be stripped from this property upon discharge and will not [be] paid as an unsecured during the plan as this debt was previously discharged. Select portfolio is scum! My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. Jacksonville, Florida, United States. Please add me to this lawsuit as well. O'Brien alleges that defendants' efforts to enforce the mortgage on her property are predatory because they knew at the inception of the loan that she would never be able to repay it. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. They steal homes. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! v. Select Portfolio Servicing Inc., et al., Case No. Since the fire I have been lied to by SPS reps regarding short pay offers. Select Portfolio has to be the WORST mortgage company ever, Ive been with them for 12 years and only $1200 has gone to principal, in my opinion they are a predator company, looking for gain on the less fortunate. This company is a bully, misleading, and screw a lot of customers over by taking their home. This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. I hate this company and will fight them till the end. Who, between December 30, 2018 and the pendency of this class action, Received correspondence from Select Portfolio Servicing that is the same or substantially similar to the mortgage statement at issue in this case, For the purposes of collecting on a consumer debt. They never intend to approve my modification. I about lost it on them. drug injury lawsuits and product liability lawsuits. Sep 23, 2019 - Loan Servicing Representative . We modified back in 2010 and did 2- three trial payments and some how after it was all said and done they added over 35k in fees and interest, left the same high interest rate plus they put us in a ballon payment. I Dad had insurance on the home with his payment and it was cashed in. Therefore, they owe an additional $16,000. They tell you they can help with the programs they have. Yet loan sold again but no proof of ownership! creating another long drawn out process. SPS PORTFOLIO HAS TO GO!!! The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. First, it is illegal to attempt to collect any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly permitted by law.The complaint argues that the attempt to collect late charges that very from day to day is unlawful. Then requested a Proof of Occupancy. The case status is Pending - Other Pending. And its impossible to get the right help .just for the record select profolio was change from fair banks because of mismanaging mortgages but it seen they never stop what there so good at ripping us off i was apart of the Fairbanks class action lawsuit and it did not matter because they still use unfair debt practices. May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. they take my payment and double it for one year and leave me with a large balloon to pay in 12 months that is about 200kthats there idea of a plan to fail. I get different answers from different representatives . For this reason I didnt open the bills having been assured that I was not being charged PMI wrong I went to pay off the balance only to realized they lied I called multiple times,,, and after months they stopped charging me, but refuse to refund the money they already charged, despite that being the only reason for my call. On two Weeks later, they received a notice of debt from Select Portfolio Servicing on July 24, 2015, stating that late charges would accrue and vary from day to day.. working with cuban Drug Lords Ref. Founded in 1989, SPS is not accredited by the Better Business Bureau and has received hundreds of complaints for billing/collection problems and potential FDCPA violations. Ive done my homework on them and havent found anything good. . Having trouble trying to save my home from these thieves!! Thats what they want! NOT. Please provide any additional information about your inquiry. The person represented SPS and the person was driving a car with license plates registered to a truck. SPS tried to make me pay the mortgage payments, even though the house was discharged in bankruptcy. S u need to search lawsuits thats all pertain to yourself and stop. Collection Agencies: slect porfolio servicing. I could go on for days. Four months later i keep getting the run around. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. I have SPS they have bilked me for late charges that I didnt owe they also sent me my address with some other customers name on my homes bill. If your going to help them, dont bother me! I call SPS and they tell me they will send me the paperwork and never do. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. That lawsuit alleged that Select Portfolio Servicing received illegal kickbacks from the insurance company it used when the debt collector had to obtain insurance on a debtors property. I had a heart transplant and they stole my home from me . I have been trying for YEARS to sell home. SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) I called the lender yesterday to get a payoff quote for refinancing and they tell me I have to get it from this SPS outfit. They are the worst scum EVER! Lying to Judges I have also contacted my congressman and filed a complaint with them and they got in touch with them and tried to talk on my behalf. They stay in house. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. They try to scam you on the loan modifications also. I bought my house in 2004 for $225,000 I put $150,000 down and took out an $80,000 mortgage. They lie about what they say and do not communicate except by mail asking for more and more information. Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. Select Portfolio Servicing Lawsuit. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. Need help with predatory loan with this company. Then in 2022 they charged me for two homeoeners insurance policies I did get most of the money back from the insurance Companies but SPS refuses to pay me all the internet accrued from these policies as I just got the money recently back Theres more too that they have charged me erroneously for, Quiero unirme a la demanda de clase, en Puerto Rico hicieron lo mismo, aumento de pagos mensuales sin causa, querer imponer seguro sobre el valor de la propiedad y no desglosan deuda real. Does anyone know if there is a pending law suit against SPS. Entity featured on Fitch Ratings. I was told to send in my divorce decree, which I did. Home Loans, Inc., the Supreme Court held that TILA requires only written notice, and not the filing of an actual lawsuit, within the three-year period for exercising the right of rescission. People; Product; Insights; Search . According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. Privacy Policy | This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. Plaintiff claimed that several mortgage statements sent by Portfolio misstated a number of items, including the principal due, and that by sending these incorrect statements, Portfolio violated the . SPS always says that buyer amount is too low(3 -4 good firm cash offers). !to a tee everything u stated happened to us in 2017 from sps fresh out of a bk13 and wouldnt loan modify just kept raising mortgage and all taxes and impound accounts wrong i couldnt have explained the situation any better than u did! Did the terms of the Loan Modification you received was affordable and sustainable? HOW DO I JOIN THIS LAW SUITE? Count me in the class acton as well. All I can say is WOWHELP!!!!!!!!? This was after I was out of work for one year on a forbearance program and when I got a job I call them and let them know and its been a run around for 5 months and now theyre threatening on April 13th to foreclose on my house unless I come up with $16,000 that is in the Rears. 2, Report #1408758. If there is a class action against them Id love the chance to run this company out. Plaintiffs Angel Rivera and Angela Rivera claim that Select Portfolio Servicing violated the FDCPAwhileattempting to collect a debt from them that they did not owe. Mary Kathryn O'Brien brought this lawsuit in Essex Superior Court against Select Portfolio Servicing, Inc. (SPS), and Deutsche Bank National Trust Company. We were told that the extra amount would be taken off, then they told us if the do, we have to pay taxes on almost $85,000. The complaint argues that the FDCPA is broadly interpreted to protect debtors, because all consumers, even those who have mismanaged their financial affairs resulting in default on their debt, deserve the right to be treated in a reasonable and civil manner., The FDCPA lists several practices that are illegal, including using misleading or false statements to collect a debt, from the standpoint of the least sophisticated consumer.. About 9 months into it the went up 1 percent on loan and I am now in process of trying to modify again because I have singed no new agreement and no one will tell me who the lender is. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. I can go on and on, but I pray that God sends someone to all the people who they deceive, so we can overcome this nightmare! This company is horrible. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. In September 2016, it was confirmed by the court. Hello I am in the same boat same story.. Bank of America never took over the house and sold the loan to SPS. that has to be illegal. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. They will not take our home! Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. Engaging in prohibited actions [The Request for documents unrelated to a loss mitigation, mentioned here, it is considered a violation of RESPA and the CFPB had considered the Practice Unfair and Deceptive and likely to cause harm to consumers. If they feel you qualify, they will contact you directly. Hi, How do we sign up????? [Extreme, dont you think?]. The Select Portfolio Servicing class action lawsuit asserts that the company is a "special servicer" of residential mortgage loans, meaning it collects on defaulted or delinquent mortgages. The F.T.C. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Bank of America - closed mortgage center near Portland, OR, 102 layoffs. That is a violation of my Civil Rights that are protected and covered under the ADA ACT. Select Portfolio Servicing Bankruptcy Debt Collection Complaint December 30, 2019 This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. They sent people to my home to give us a letter to validate we live here. how could i pay off my mortgage and still owe 90k on my house? No one call tell me anything over the phone..I did try BK but only for just under 1 year b/c date of court filing us too OLD! Did you sustain in your payments? November 22, 2019: Filing 3 CERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Select Portfolio Servicing, Inc.. (Hord, Michael) November 22, 2019: Filing 2 NEW CASE NOTES: A filing fee has been paid. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. This case was filed in U.S. District Courts, Florida Southern District Court. We owed 165k and did three trial payments and after 9 months of modification they added 40k to our loan, how is it even possible we now owe 203k with a ballon payment for 30 yrs. Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. All the issues you brought up are valid issues and an attorney can tell you how to protect your home. My mortgage was jyst sold to SPS , May I jump on the train? We just refinanced our loan to get out of their deceptive actions. The first is all persons who received a notice of debt later than five days after first contact from Select Portfolio Servicing, within roughly the past year. I definitely believe they are fraudulant and they are illegally trying tot take my home. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Somebody needs to shut this company down. Is there is anyone reading this that can add my name to the class-action I would be happy to talk with them thank you Jim, Select Portfolio Servicing should be thrown out of business, Add my name to the Class Action Lawsuit. SPS is the worst company I have ever dealt with, missing paperwork turns into outdated (all of which is false) keep delaying until they can foreclose. They are a Threat to the General Public. We are paying interest only on like 50k at a 9% and after 30 yrs we owe them 153k wth!! Since the purchase of my loan in 2013 it has been a complete nightmare. This attorney was supposed to help me get a loan modification for me but all he did was delayed my payments fir two years, then he said I could file for chapter 13 bankruptcy modification so I got in touch with another attorney who helped me get the chapter 13 bankruptcy to save my home but select profolio refused to give me a modification on my property. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . and I never missed a payment. There essentially bleeding the equity out of my home and i am nervous that my only home where i live with my 3 small children will go into foreclosure. they say they gelp you with a loan modification. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . There were no new terms agreement made or signed so there is no ceiling to a stopping point. Who do I comtact about hidden fees which seem to be made up and 35.00 per month only going towards my mortgage wth, Hello I am in the same boat same story.. Look for an attorney and sue themthey are ALL corrupt!! The case is still moving through the courts and has not yet reached a settlement. finally after arguing many times they refunded my $500.00 and I made the payment but now since they jerked me around I am always 15 days late on my payment and they call non stop. Years ago, they got us Homeowners Insurance which was Over$2,200 for the year, which I just recently found out after the Insurance Company dropped us, saying they were informed we did not live here. Dated between 2019-12-06 and 2012-02-28. International Banking CFPB Complaints SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage
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