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 Select Portfolio Servicing said a clause in their original loan provided a 20-year option. This month, I sent my payment by Certified Mail/Return receipt. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. Acting as intermediary for the financing of commercial or industrial income-producing real estate by arranging for the transfer of the title, control, and risk of such a real estate project to one or more investors, if the bank holding company and its affiliates do not have an interest in, or participate in managing or developing, a real estate project for which it arranges equity financing, and do not promote or sponsor the development of the property. It has been one thing after another with SPS. 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. They are violating 12 U.S. Code 2605. Pursuant to Misc. The check usually clears in 5-6 days. 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. NOT. Credit Ratings, Research and Analysis for the global capital markets. Im trying to do a short sale and their stupid bank says the house was worth one thing and I was supposed to get relocation help which they say Im not going to get because if they gave it to me the bank will get less than what they want for the house No one told me anything asking me to send papers and did all instructed so now they are mad because they are stupid ! They wont stop running up more fees and this has been going on for 3 years!!!! Debt collection company Select Portfolio Servicing is accused of sending debt collection letters that violate federal law, according to a class action lawsuit. And at some point after that, Select acquired servicing rights to the mortgage loan. 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. Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. Overview 292 Reviews 7 Jobs 392 Salaries 28 Interviews 68 Benefits 6 Photos 65 Diversity + Add a Review Select Portfolio Servicing Reviews Updated Feb 8, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 284 of over 292 reviews Sort Popular Popular COVID-19 Related Highest Rating My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! expected to be mailed out. And of course each time they (the banks) are getting paid via their own insurance. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. 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 . 1. stating because of lender place insurance. I had a heart transplant and they stole my home from me . Unbelievable. Am facing foreclosure after numerous attempts to get a modification. Hello I am in the same boat same story.. My home burned 3-16-16. I could go on for days. We showed proof of our loan and we were lucky our bank helped us through a refinance. Select Portfolio Servicing Inc ., a homeowner's conservator, Reese, sued a mortgage servicer, SPS, for HBOR and UCL violations after the mortgage servicer initiated foreclosure proceedings.. With no notice. They lie about paperwork when you send it or what you should send to them! We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. 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. You can then Follow the article above, and get notified immediately when we post updates! It is a Federal Crime, and that happened Act quickly!! 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! Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. How do you sue or bring charges to the forger . We learned early on to wire the payment from our bank so they wouldnt delay payment postings. We have filed modification loanpaper refiancing papers and deed of liue and now our short sale was denied. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top Class Actions is a Proud Member of the American Bar Association, Various Trademarks held by their respective owners. This case was filed in U.S. District Courts, Florida Southern District Court. ( I did get and settlement check from that lawsuit) 2. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. 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. 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. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. Wow. 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. 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. I am in agreement with statements made here and I am also a victim of this company. Click Accept if you consent. In January 2018 I lost my home to SPS. I pay the late charges for being late. SPS Undermines the United States and diminishes our Judges and Courts. Select Portfolio Servicing Is this your company? 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. HOW DO I JOIN THIS LAW SUITE? Struggling with this payment. The case status is Disposed - Other Disposed. I would also like to add my name to any class action lawsuit against SPS. Modification for YEARS. Please let me know if I can join the lawsuit. This is so incredibly cruel, underhanded and frustrating . slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Thank you. People do not modify with this company they will make it worse!!! Whoever you signed your loan with is still responsible. 3, Report #1346112. *If you. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. Someone PLEASE CONTACT ME. He also says that he questioned SPS about his transaction history. Now they have raised my mortgage again saying to cover the negative escrow. and I never missed a payment. Bank of America - cut roughly 100 mortgage jobs in Charlotte. Having trouble trying to save my home from these thieves!! I call SPS and they tell me they will send me the paperwork and never do. My bank shows the check for this month is pending, so what did SPS do with my check from last month. $75,000.00 which, to this date has not been applied to the mortgage. Select Portfolio Servicing, Inc., No. 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. Terms and Conditions. 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. They tell you they can help with the programs they have. There may be more reports for "select portfolio servicing" For more results perform a general search for "select portfolio servicing" . Does THAT sound familiar to you, did that happen to you, a friend or a family member? September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. anyting less then shutting them down and canceling all debts held by them will be a loss. If someone can give us some advice, I would greatly appreciate it. Misleading homeowners I told them I was going to get a lawyer if they did not refund my $500.00. Management And Organization 100% agree they are just stealing our properties with help of judges. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. This website is not intended for viewing or usage by European Union citizens. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. Luckily sold house day before sheriff sale and still got threatining calls 6 months after sale, stay away from this company if at all possible, I have had it with sps i seriously recommend that we sue sps into foreclosure, I went and got a lawyer to do A DEED IN LIEU so they can have there ELEPHANT AND ALL THE TRIMMINGS THAT GO WITH IT i am finished with these ass-wipes my original mortgage was 63,400 in 2006 and we are in 2018 and i owe 65,300 how in the hell did this happen can someone tell me, You think thats bad? drug injury lawsuits and product liability lawsuits. that has to be illegal. They never intend to approve my modification. I was able to make partial payment. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. SMH. 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. Our account number if you go to the bank is still connected to Chase Bank. Then I received a letter saying my mortgage had been sold and Select Portfolio Servicesite would be my new server but terms would not change. Did they ask you the same more than once? They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! 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. and wondering if stumbling and bumbling company will make it out as the original check ( outside the United States). 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. This company is horrible. Im not the sharpest knife in the droor, but a blind man could smell these SCUM BAGS 2Big2fail ??? 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. Please add me to any lawsuit against SPS. If someone can give us some advice, I would greatly appreciate it. Top Class Actions is a legal news source 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. The Settlement simply allowed the Investment Company not to fall into the DOJs black List, like BOA and Wells Fargo did. They are violating 12 U.S. Code 2605. Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. Then decided to say that I was not eligible for any form of modification. My name is Lisa House I too am being used by SPS SERVICING. In some cases, I had met folks who had received letter from SPS not only using the word: Government but the name of a U.S. President in their letters, when soliciting a homeowner to accept HAMP. Then requested a Proof of Occupancy. Youre not alone either. Targeted to increased both customer numbers and quantity of savings in the . 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Hello, I had the remaining ~ $19k balance that was Paid on time with chase transfered to SPS last August. They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. 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. Since the fire I have been lied to by SPS reps regarding short pay offers. This company is horrible. 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. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. We CANT let them! What and who do I need to contact. 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? Therefore, they owe an additional $16,000. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. I am so stressed out over this. I am ready for a lawsuit if there us one. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. Please go on SM and find a group that will help you! this is what they do. The F.T.C. We keep getting letters from their lawyers saying they are going to foreclose on us. These banks with their pure greed, no government oversight (or no true oversight), corrupt Courts and lawyers are STEALING all our homes. However if I try to sell the house I would need to pay them plus the continued monthly interest. However, there are several other issues with SPS and would like to file a law suit in US District Federal or would like to get a class.action lawsuit Question how did I get a negative escrow if its threw my mortgage payment.I never missed a payment not even when I wasnt staying there when my home caught fire. 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. Looking at other comments I dont think they have helped any one. also brought charges of money laundering against H.S.B.C. Dentons Offices This case was filed in U.S. District Courts, Texas Southern District. Bank of America never took over the house and sold the loan to SPS. Amen! Need help with predatory loan with this company. Location Loris, SC. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. In September 2016, it was confirmed by the court. 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 . I wish to contact this lawyer as well I have SPS and theyre Crooks . They dont purchase loans. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. Help me before their get started. 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. your claim status, claim form or questions about when payments are WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! Were they clear about the terms and conditions? Claim forms are usually not made available to consumers until after a court approved settlement is reached. 559.72(7), 559.72(9). 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. Mar. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. That Tip #2. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. 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. All I can say is WOWHELP!!!!!!!!? 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. If your going to help them, dont bother me! Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. We have been here 20 years and we do not want to lose our home, but we are between a rock and a hard place. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. The complaint alleges that the company tried to collect on a mortgage loan during the time, and after, the borrower was involved in bankruptcy proceedings. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. I am so stressed out over this. Sounds familiar! They are in their mid 80s on social security. I need help to make this mess go away! PLEASE ADD US, JOSEPH and VENUS WILLIAMS! As of today (9/15/2018) the Deed of the house is still in my name. how could i pay off my mortgage and still owe 90k on my house? My home has been foreclosed upon because they did not want to work out any deals with deed in leu . 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. 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 have to pay a fee for a payoff quote, I have to pay a fee to make my mortgage payment by check, a fee to pay by phone, a fee to pay online but free if I let them withdraw the payments from my bank automatically..fine print says payment amounts will vary but will include the full amount due including interest, fees and other charges and past due amounts. I dont care if God strikes my home and burns it to the ground. I am so tired of this harassment. Think Im caught up and bam! Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. Looking at other comments I dont think they have helped any one. The court granted her a discharge in July. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. 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 . Any help is appreciated!! 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. They keep trying to steal my home. Fines. 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. You must contact the 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. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. i am broken hearted at thought of losing my home with my disabled child. The F.B.I. 5. 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. I was with Bank of America for years and never had any issues, not even with late payments because I always paid the late fee. You can change these settings at any time. PLEASE HELP! The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. the sad thing is nothing will come of anyones complaints or lawsuits. I told my daughter that they werent going to help us and they havent! It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. This company is a disgrace tio have a legal right to do business in the USA. They stay in house. They are the worst scum EVER! My loan was in default. Worked with . receive is excuses why I dont have the replacement check.

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