Ive been disputing this for almost 2 years now. In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. Author: New Castle, Delaware. Having trouble trying to save my home from these thieves!! Whoever you signed your loan with is still responsible. My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. I paid that am out plus have been current in my payments ever since. 1692d, 1692e, 1692f, and the FCCPA, Fla. Stat. and wondering if stumbling and bumbling company will make it out as the original check Just wondering WTF happened to my escrow account balance of $1500? the mortgage is 760 and the taxes 1166. i have tried for year s to modify. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . It has been 6 months, as SPS keeps denying paperwork, requesting resubmissions of paperwork, stating that they did not receive paperwork or the resubmitted paperwork. Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. Three times already spanning three years. It is unbelievable and very stressful to deal with this company. I really cant afford this payment now. I have been experiencing difficulties as well. Yeap you all are correct they are crooks! Internal Communication Even internal email exchange between employees I had received by mistake, the interaction demonstrates they they deceived the U.S. Treasury and Homeowners. They lie about what they say and do not communicate except by mail asking for more and more information. Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. 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. SPS PORTFOLIO HAS TO GO!!! They never intend to approve my modification. Wow. Gavin June 18, 2021 June 20, 2021. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! They tell you they can help with the programs they have. Count me in the class acton as well. For information on deleting the cookies, please consult your browsers help function. Amen! not only that I have asked about the lender placed insurance because I live in a mobile home close to the river (cant get insurance) they have the value more then what my home is worth) will not lower it? My mortgage then was 30000 and when I did the HARP program they went up to 49000 and I have to pay it in 15 years with a balloon payment of 25000. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. As of today (9/15/2018) the Deed of the house is still in my name. Special Report / Tue 30 Apr, 2019. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. I wish someone would stop them. I know how hard it can be. Our payments went up 800 a month by the time we lost the house. They changed my land records so there is no real chain of title. This company is fraudulent and harassing. Struggling with this payment. 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. I farther got a 62,000 dollar loan from a company in 1999 my father passed away in 2014 and was never late paying his mortgage. Submitted paperwork many times with this form is missing etc now the home has been sold and the first mortgage sent me a 1099 but charged off . Ive done my homework on them and havent found anything good. When I told them to call AHL and figure it out I was told Thats not our job sir. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . W.T.F. No refince with them or documents signed. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. What else can I do. Theyve planned this so they could ultimately foreclose. If your going to help them, dont bother me! 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. My ex-husband and I have been held captive for years!!!! The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. My loan was transferred to SPS and it is current! Crookedest company I have ever seen. Ugh it is horrible. I want a significant amount of money for restitution because of what this company did to myself , my family and friends and by God I have thrown my dog in this fight and I dont back down from a discriminating , unethical and immoral company called SPS PORTFOLIO AND JOIN ME BECAUSE I HAVE A BIG BAD MEAN DOG IN THIS FIGHT . 2, Report #1408758. 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. I have submitted countless of documents more than once. Are there other home owners withe the same issues..please contact me so we can fight back, We are going through the same thing with our home. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. then they send me a new letter saying different paper work is missing this been going on for seven years. I bought my house in 2004 for $225,000 I put $150,000 down and took out an $80,000 mortgage. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. Ct. Travis County, Tex. NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. Need help with predatory loan with this company. Plaintiff sued Select Portfolio Servicing ("Portfolio"), a mortgage servicer, under the Fair Debt Collections Practices Act ("FDCPA") and the Florida Consumer Collection Practices Act ("FCCPA"). I am so stressed out over this. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. These actions are in violation of RESPA, TILA, however, sometimes, they may also trigger other consumer laws, like [UDAAP, the ECOA REG.B and the FDCPA], among other consumer protection Laws Governed by Mortgage Servicing Rules. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. Please add me.. 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. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. 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. Our account number if you go to the bank is still connected to Chase Bank. I didnt think you could raise a mortgage every month, even if Im late paying it. Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. Any help is appreciated!! I received an escrow check from SPS inc made out to my ex-wife and myself. it all happened to us in the end stole our home we worked our entire lives for !! September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. Help me before their get started. This company is horrible. HELP I am currently trying to get a modification on my mortgage with SPS , after filing chapter 13 to save it after they refused the first modification, Help what do I do. I want to get away from this company but they wont allow me to refinance with anyone else. I am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. My sister and Insurance Agent stayed on the phone with the company over 4 hours and got no where . The F.T.C. expected to be mailed out. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Even after trying to find out since receivin the news it had been sold. Please stop this company!! I am a Paralegal student. This company for real needs investigated. It is important that you submit the documents to us as soon as possible because we . 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. Privacy Policy | Second, the FDCPA requires a notice of debt to contain certain information for the debtor, and be mailed to the debtor within five days of first contacting the debtor about the debt. Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. Hello there my name is Raymond and I did get a loan modification from SP servicing,I ask for a interest rate reduction they did not give me that, they gave me a 40 years term I had a 30 year term now its 40 years,they only lower my payment no more than $60 a month, they did this in about 30 days. I wish the attorney handling this case look into my situation as well. 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . 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. Instead they dragged it out for years making it almost impossible to still be eligible as they would not accept any mortgage payments during this whole time. This company does not follow any federal consumer laws. i owe approx 140k on my mortgage. Despite the bankruptcy, the Riveras received a notice that the Bank of America mortgage was transferred to Select Portfolio Servicing for collection on July 9, 2015. They steal homes. Collection Agencies: slect porfolio servicing. You can then Follow the article above, and get notified immediately when we post updates! The second is all persons who received a notice of debt from Select Portfolio Servicing which stated the amount of the debt would increase because of late chargesthat vary from day to day. The class action requests statutory damages of up to $1,000 per violation. I have evidence that SPS had deceived hundreds of thousands of homeowners across the United States, and in the process, it may had also defrauded the U.S. Treasury Department by Misreporting and misusing, wasting TARP Funds. I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. It is unbelievable and very stressful to deal with this company. how could i pay off my mortgage and still owe 90k on my house? My bank shows the check for this month is pending, so what did SPS do with my check from last month. When you have lost your home, acted in good faith, and lost your sanity, it is when they are fined and you may receive a $100.00 for the GREAT Class Action. Top Class The Judge overseeing this case is James Lawrence King. My parents who are decased (my father passed in feb) were taken advantage of starting with HFC III ,who merged with HSCB so they could graft unsighned anun notarised mortgage instrements into a position ,that when the F.T.C. My loan was in default. they dont want to help. 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. Over the years my dad has probably paid 3 times the original note. They lie, they dont send any documentation, they abuse the elderly laws, they are the most corrupt company I have ever come across and why cant we get them shut down! Whom do I contact for more information regarding a lawsuit against SPS? Hello, I had the remaining ~ $19k balance that was Paid on time with chase transfered to SPS last August. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. Thank you, I would like to get in on this class action lawsuit. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. I am ready for a lawsuit if there us one. 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? Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. This outfit needs to be exposed! drug injury lawsuits and product liability lawsuits. That is a violation of my Civil Rights that are protected and covered under the ADA ACT. i tried talking to a representative which was no help. They are violating 12 U.S. Code 2605. documentation, to Select Portfolio Servicing via mail: 3217 S. Decker Lake Dr., Salt Lake City, UT 84119, fax: 801-293-3936, or online: www.spservicing.com. Once they saw we were trying to refinance our loan they changed our stays at the Tax Office to say we already had it as an Equity Loan. How do I sign up I do not see anything here They are by far the worst company I have ever had to deal with. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. I agree, we have dealt with the company for a couple of years and their goal is to have you lose your home so they can make a profit. I about lost it on them. May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. Your email address will not be published. I signed up for the HARP program which gave we a 2% interest rate. Docket for Loza v. Select Portfolio Servicing, Inc., 7:17-cv-00430 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. My home burned 3-16-16. My house is paid off twice now because of this Fraudulent Company and I am going through the correct channels for the Federal Government to shut this unrated , nonexistent BBB company . your claim status, claim form or questions about when payments are The class action lawsuit maintains Select Portfolio Servicing missed that five-day deadline in its communications with the Riveras, and likely with others. The case is still moving through the courts and has not yet reached a settlement. website. SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. They tell you they can help with the programs they have. So when I started paying my loan back, I received a letter in the mail 3 months later stating I owed my monthly payment and I am in default 3 months behind. 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. Worst company to deal with and will not work with you at all. As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. If it does look familiar, sadly you are not alone. Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? i am so disgusted with 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. Dec 28 2016. I continue to make payments. Select Portfolio Servicing is the defendant in a lawsuit that claims it refused to send the plaintiff information he requested pertaining to one of two mortgage loans. Id. Very unfair practices. 4, 2019). Now they have raised my mortgage again saying to cover the negative escrow. In January 2018 I lost my home to SPS. We are in the same boat. Pursuant to Misc. 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. 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.. They are in their mid 80s on social security. SPS sluffed this off as so what! 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. So they passed the HOT POTATOE .to Select Portfolio Services. This website is not intended for viewing or usage by European Union citizens. America mourns for Her people. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. administrator or law firm. The company did not respond to messages seeking comment. This is so incredibly cruel, underhanded and frustrating . Specifically, the lawsuit alleged that FedLoan Servicing engaged in a variety of activities, such as processing delays and erroneous eligibility determinations, that forced people into. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. The people lied to us saying they represent a bank and we are to call the bank about our mortgage. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. The company is now asking for 2 Proofs of Occupancy. Time for the halftime show! 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. 12 CFR 225.28 List of permissible nonbanking activities. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. 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 called back to make the rest and they told me i owed the whole payment that the $500 i paid went to my principal and they do not accept partial payments. Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. anyting less then shutting them down and canceling all debts held by them will be a loss. I have been trying to sell the house in a Short Sale. We are trying to do a Modification and they keep saying they are not getting the right paperwork. 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. I get calls from Select Portfolio at least once daily. We offer a submission form on our website for you to fill out if you are seeking class action legal help.
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