and I never missed a payment. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. We showed proof of our loan and we were lucky our bank helped us through a refinance. This is one of the most unprofessional companies that I have ever come across. 8. 2. SPS always says that buyer amount is too low(3 -4 good firm cash offers). Then they denied to take anymore Partial payments. Mar. I have asked for assistance und3r federal law and each time they process, approve it, make me go through trial period and then say they did not get a final signature therefore it voids it. Looking at other comments I dont think they have helped any one. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. that has to be illegal. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. I was able to catch up last year. Our payments went up 800 a month by the time we lost the house. SPS said they would not accept any more payments and charged off the loan. Please add me to the class action I have been a victim of their predatory lending and I have also had issues getting a loan modification due to their ineptness, constant lying, continuous over burdensome confusing repeated letter. SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage Company Response: Company believes it acted appropriately as authorized by contract or law Closed with explanation Timely Response 2019-12-03 Marlboro, MD Struggling to pay . they say they gelp you with a loan modification. Thats being WAY to PC but I dont wanna offend anyone. Need help with predatory loan with this company. Now they said that all the paper work was submitted on time but they are not gonna do anything about it .. so i apply for default basically . All Rights Reserved. Then requested a Proof of Occupancy. They refuse to work with you, they increase your notes higher to make sure you fail. Please go on SM and find a group that will help you! He also says that he questioned SPS about his transaction history. I was told to send in my divorce decree, which I did. 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. I call SPS and they tell me they will send me the paperwork and never do. Saying I have a negative escrow account of 2000.00 sumin dollars which I dont understand how when my taxes and insurance was threw my mortgage payment. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. You must contact the My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. then they send me a new letter saying different paper work is missing this been going on for seven years. Additional information General Correspondence P.O. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. I HAVE FILED A COMPLAINT AGAINST THIS FRAUDULENT COMPANY WITH THE US CIVIL RIGHTS DIVISION, US CRIMINAL INVESTIGATION DIVISION AND THE FEDERAL TRADE COMMISSION BECAUSE MY MORTGAGE WAS COMPLETELY PAID OFF IN AUGUST 2018 WHEN I WAS TOLD THAT I HAD TO RETIRE DUE TO MY DISABILITY AND THIS COMPANY CLAIMS THAT THEY OPENED A MORTGAGE LOAN UP ON MY HOUSE IN September 2016 but they lied about because I refinanced my house with Rushmore Loan company on the same day for the exact same amount of money as the truthful mortgage company did . 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. Please add me to any lawsuit against SPS. 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! I. Again CROOKS! I dont think thats fair and its illegal they even knock down the percent to 9% but how is that helping me Im in the same boat as you we need to get together or something we need people 2 somehow sue them and owne houses, I have my purchase of my house since 2006 im hold all points of fraud i found out there lic expired 2 yaers ago and they have a lic to only collect but there monthly charge went for 3000 to next month 6000 i have it without a letter why. HOW DO I JOIN THIS LAW SUITE? You talk to all these different people who suppose to all work for the same company and half of them dont know what they are doing ! SPS sluffed this off as so what! I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. I am so stressed out over this. 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.. It is unbelievable and very stressful to deal with this company. 100% agree they are just stealing our properties with help of judges. anyting less then shutting them down and canceling all debts held by them will be a loss. Please add me.. They also said because they are not a bank I cannot do a loan modification. The company did not respond to messages seeking comment. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. From refusing to give me copies of my loan and paperwork stating they own my loan to reporting to the credit bureaus that i had modified with them when i was trying to get refinanced because they were playing stupid games with their modifications putting my payments on hold and charging me interest and fees that they couldnt explain while holding my payments unapplied. If they did, is the information in the 1098 FORM [which includes all the payments you made to SPS in interest and Principle reported to the IRS] correct and accurate? 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. 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. 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. I believe they are practicing unfair practices as I dont think they want us to keep the house. The complaint alleges that Select Portfolio Servicing uses false, deceptive, misleading, unfair, and unconscionable practices in connection with their attempt to collect an alleged debt from Plaintiffs and others.. I live in Florida and when Hurricane Irma hit, I had some property damage, that I had to fix, I ask for a loan extension which they granted, which all the monies were due at the end of the 3 month extension, which wasnt explained to me that way by the representative on the phone at the time of my request. A year later I have not received the replacement check for the one sent in. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. They paid 3 homeowners insurance Companies and charge for each in2021. We cant refinance, cant amend the mortgage, etc. I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. Click Accept if you consent. If there is a class action against them Id love the chance to run this company out. This field is for validation purposes and should be left unchanged. 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . Privacy Policy | I have had it. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . This is not the only recent class action lawsuit against Select Portfolio Servicing. i am broken hearted at thought of losing my home with my disabled child. Therefore, they owe an additional $16,000. And of course each time they (the banks) are getting paid via their own insurance. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. This stops any other bank from redoing the loan. They sell off and buy back your mortgage and you end up owing more than when you started, Can you explain what do you mean. I was livid. We just refinanced our loan to get out of their deceptive actions. I want to be added violation on modification terms and raised of escrow accounts with justification causing over charges on escrow accounts, I need help regarding SPS. 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. 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! Im interested in joining you on the lawsuit. I pay the late charges for being late. 9. PS my email is chayote23@yahoo or hit my facebook. As of March 31, 2021, the portfolio consists of approximately 8% whole loans, 75% subserviced private label securitizations (PLSs), 4% GSE, and 13% PLS mortgage servicing rights. You can then Follow the article above, and get notified immediately when we post updates! creating another long drawn out process. They are the worst scum EVER! I have been dealing with these people since the August 2016 Historical Flood! All over the country and getting away with it! 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. NOT. Does THAT sound familiar to you, did that happen to you, a friend or a family member? Before them. 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. receive is excuses why I dont have the replacement check. I call SPS and they say it takes at least 30 business days to board the loan into their system and they will not provide payoff information before then, although my loan payment must be made to them without delays and they will only give me 15 calendar days to change my insurance to show SPS as the mortgagee. I need a lawyer to work for me against SPS and their unethical practices! I didnt think you could raise a mortgage every month, even if Im late paying it. They are in their mid 80s on social security. What else can I do. They stay in house. Where do I begin? 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.. SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. This still hasnt stopped them. 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.. We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. TARP Funds [See. If they feel you qualify, they will contact you directly. Gavin June 18, 2021 June 20, 2021. Make payments, set up and make changes to monthly auto draft, view statements, and review escrow information. I would like to know if select portfolio has a class action lawsuit against them for predator loan. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. I about lost it on them. I definitely believe they are fraudulant and they are illegally trying tot take my home. Did your modified mortgage payment, for the loan trial period, seem to be closer to the Original Mortgage Payment when you FIRST took your loan? We will use these documents to determine your eligibility for our deed-in-lieu option. My house burned on November 19, 2022 completely and my insurance agent , myself and my sister contacted that company to give the payoff information for my house . The house was left to me in the will and I was his executor. does anyone know a good one? According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. Debt collection company Select Portfolio Servicing is accused of sending debt collection letters that violate federal law, according to a class action lawsuit. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. YES PLEASE ADD ME TO A CLASS ACTION LAWSUIT AGAINST SPS PORTFOLIO BECAUSE THEY HAVE PURPOSELY DISCRIMINATED AGAINST MYSELF , MY FAMILY AND FRIENDS ON EACH AND EVERY ASPECT OF DISCRIMINATION. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. Feb 13 2019 09:11 AM This company is horrible. 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 am in agreement with statements made here and I am also a victim of this company. In order to be considered for a deed-in-lieu option, you must provide clear and marketable title and submit a complete application to SPS. How is this company still in business? SMH. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. The company is now asking for 2 Proofs of Occupancy. PLEASE HELP! My sale was rescended so I had to continue paying the mortgage but SPS said they would not accept any more payments and charged off the loan. If someone can give us some advice, I would greatly appreciate it. ( outside the United States). Predators .. Looks like the only recourse is Bankruptcy to stop the foreclosure and then after youb have tried them they send you a letter saying the foreclosure has been postponed. Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. All offers were denied. With no notice. 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. Yet loan sold again but no proof of ownership! 559.72(7), 559.72(9). I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. I want to get away from this company but they wont allow me to refinance with anyone else. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. Select Portfolio Servicing, Inc. After a year of fruitless negotiations between major U.S. banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure . They have no feelings, they mess up your credit so you cant get a loan no where else. What would other Government Agencies will do? They say my income is not enough .. Attorneys will then review your submission to determine if you have a case. 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. ( I did get and settlement check from that lawsuit) 2. I finaly had to do a modifacation but my payment is not going to anything but interest, Add me also been dealing with them and their bs for years, Yes SPS gave me a run around for all 5 months. Just wondering WTF happened to my escrow account balance of $1500? Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. 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 know how hard it can be. Our mortgage was purchased by Select Portfolio and they have attached so many fees and false charges that we owe $10,000 more than the mortgage amount was in the first place. A link to creating an account may be found here: https://topclassactions.com/signup/. My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. 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 They make it so hard to gather information that it is hard to know what to do. If someone can give us some advice, I would greatly appreciate it. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. The Riveras seek to represent two separate Classes. I sent it to SPS and they told me that they never received the money. The court granted her a discharge in July. 2019); cert. I wrote to them and they havent responded. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. Bank of America - cut roughly 100 mortgage jobs in Charlotte. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. Tip #1 So make your payment via a bank wire and if they say they didnt receive it your federally backed bank lawyer will jump in for you and prove you did make that payment on time. I had a heart transplant and they stole my home from me . After the required 3 forebearance payments, they n9eglected to take out the automatic payment, then blamed me,added more fees, forcd placed a fake insurance policy, and once we worked out yet another not so great modification, efused the first payment by adding MORE fees. I have been trying for YEARS to sell home. the loan modification came with a ballon payment of 90k in 20 years. to get the check sent in my name only. Look for an attorney and sue themthey are ALL corrupt!! Select Portfolio Servicing can help a client to select the appropriate type of lawsuit support, such as pre-settlement, litigation support, and post-settlement and personal injury cases.
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