A year later I have not received the replacement check for the one sent in. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! But according . Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. Crookedest company I have ever seen. I have had it. I dont understand how that helps me when I used the money to fix my property, so where do they think I have the balloon payment they are requesting. 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. Lying to Judges And no one has the same story! Step 1: Submit required documents. They wont release the mortgage. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. Ballooned our loan from $598 to $1250. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. they dont want to help. Please add me in they are fraudulent company . Dont give up. Top Class Our mortgage is underwater, which means we owe more than the house is worth. Hi, This company is a bully, misleading, and screw a lot of customers over by taking their home. 4. I am so tired of this harassment. In January 2018 I lost my home to SPS. 3. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. Select Portfolio Servicing DEBT COLLECTOR CALLS?https://www.lemberglaw.com/select-portfolio-servicing-sps-collectio. Count me in the class acton as well. and I never missed a payment. My state recognizes me as the homeowner but SPS keep telling me I have no interest in the house. Rose v. Select Portfolio Servicing, Inc., 945 F.3rd 226 (5th Cir. 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 . Select Portfolio Servicing Is this your company? According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. U.S. RMBS Servicer Handbook: Servicing At A Glance . Box 65250 Salt Lake City, UT 84165-0250 Account PaymentSelect Portfolio Servicing, Inc. Attn: Remittance Processing P.O. 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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. 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 ! 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. My bank shows the check for this month is pending, so what did SPS do with my check from last month. I could go on for days. The company is now asking for 2 Proofs of Occupancy. How do you sue or bring charges to the forger . If your going to help them, dont bother me! There may be more reports for "select portfolio servicing" For more results perform a general search for "select portfolio servicing" . 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. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. I was livid. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. Four months later i keep getting the run around. This is not the only recent class action lawsuit against Select Portfolio Servicing. They are the worst scum EVER! 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. I continue to make payments. To collect on those debts, the Select Portfolio Servicing unfair debt collection practices lawsuit contends that the company must follow federal laws, especially the federal Fair Debt Collection Practices Act (FDCPA). Salt Lake City, Utah. 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. Did the terms of the Loan Modification you received was affordable and sustainable? If it does look familiar, sadly you are not alone. We are paying interest only on like 50k at a 9% and after 30 yrs we owe them 153k wth!! What can I do? We finally gave up and lost our home. 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. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. A link to creating an account may be found here: https://topclassactions.com/signup/. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. To no avail, after the 10th request for a modification, once again denied ,sent generic letter, postponed foreclosure to start the insanity back over again. 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. I am very disappointed. Bank of America never took over the house and sold the loan to SPS. 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. SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. Required fields are marked *. You can change these settings at any time. 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. However, this can result in some functions no longer being available. I pay the late charges for being late. We will use these documents to determine your eligibility for our deed-in-lieu option. We went through the same. My mortgage was jyst sold to SPS , May I jump on the train? That is a violation of my Civil Rights that are protected and covered under the ADA ACT. This company for real needs investigated. My ex-husband and I have been held captive for years!!!! They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! S u need to search lawsuits thats all pertain to yourself and stop. I call SPS and they tell me they will send me the paperwork and never do. This case was filed in U.S. District Courts, Texas Southern District. 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 am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. 559.72(7), 559.72(9). I am ready for a lawsuit if there us one. 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. Struggling with this payment. That was discharged in a Chapter 7 or Chapter 13 bankruptcy proceeding. 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 . They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. 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. 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 need a lawyer to work for me against SPS and their unethical practices! 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. This company will steal your home!! I. Defendant (s) Select Portfolio Servicing Law (s) Real Estate Settlement Procedures Act State (s) New to ClassAction.org? I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. Attorneys will then review your submission to determine if you have a case. Fill out this form for a FREE and prompt case evaluation. 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 . SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. I paid that am out plus have been current in my payments ever since. They also said because they are not a bank I cannot do a loan modification. Amen! Looking at other comments I dont think they have helped any one. Their lawyers are committed to providing the best legal . I am sorry for all that you have been through, reading the comments each had made, it is sad that this is permitted in our Nation. I get calls from Select Portfolio at least once daily. 3. Before my first payment to SPS was to be sent, they applied appx $8,000 in fees to the mortgage. All Rights Reserved. Having trouble trying to save my home from these thieves!! My sister and Insurance Agent stayed on the phone with the company over 4 hours and got no where . Then after that was submitted and then denied. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. That Tip #2. If someone can give us some advice, I would greatly appreciate it. Wow. I was able to make partial payment. 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. One of the most unethical companies Ive experienced. In February 2019, Fleming filed a lawsuit against Select under the FDCPA for its attempts to collect on the loan while she was in bankruptcy. I wish the attorney handling this case look into my situation as well. They paid 3 homeowners insurance Companies and charge for each in2021. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. My daughter passed away and left everything to me in her will. 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 . I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. even more owed! If it is NOT.. Modification for YEARS. Ive been disputing this for almost 2 years now. This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. We have refinanced an equity loan which banks do not resell. Sounds familiar! slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. Consumer Protection Laws: TILA, RESPA, TILA and RESPA combined, The ECOA REG. There is help out there!! I told my daughter that they werent going to help us and they havent! The Riveras seek to represent two separate Classes. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. Well they file to foreclose and I returned file bankruptcy. then they send me a new letter saying different paper work is missing this been going on for seven years. With no notice. ( outside the United States). they just took over caliber home loans, i am paid up to date on my mortgage, & they just sent me the 2nd bill, $5206.64..!!!!!! Select Portfolio Servicing, a company based in Utah that handles their mortgage payments, said a clause in their original loan provided a 20-year option, so they owe an additional $16,000. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. I signed up for the HARP program which gave we a 2% interest rate. If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. Our account number if you go to the bank is still connected to Chase Bank. 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? the content you have visited before, Advertising: Gather personally identifiable information such as name and location, Advertising: Use information for tailored advertising with third parties, Advertising: Allow you to connect to social sites, Advertising: Identify device you are using. I have the same problem, if you join to any lawsuit let me know,Im interested. i tried talking to a representative which was no help. The increase of a discharged mortgage debt, the increase of fees, interest charges and perhaps other acts or practices may be: A Violation of your BK Stay Other BK Protections you and I, as debtors are entitled by Federal Law. $75,000.00 which, to this date has not been applied to the mortgage. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . anyting less then shutting them down and canceling all debts held by them will be a loss. Debt collection company Select Portfolio Servicing is accused of sending debt collection letters that violate federal law, according to a class action lawsuit. We keep getting letters from their lawyers saying they are going to foreclose on us. They have actually done drive bys to make sure someone lives there. After Select Portfolio Servicing, Inc. (SPS) filed a notice of trustee's sale and began foreclosure proceedings against Musil's property, Reese sued SPS on Musil's behalf based on alleged violations of the Homeowner's Bill of Rights 1 f (Civil Code1, 2920 . This case was filed in U.S. District Courts, Florida Southern District Court. 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. creating another long drawn out process. Again CROOKS! I was told to send in my divorce decree, which I did. I am fighting them with no attorney. Author: New Castle, Delaware. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. Theyve planned this so they could ultimately foreclose. Our account number if you go to the bank is still connected to Chase Bank. I have no mortgage, loans or bills. 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 12 CFR 225.28 List of permissible nonbanking activities. SPS is definitely not into home retention as their website states. They should not be in business and should hang by The Noose so what theyre doing to people and taking peoples homes. 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. Two classes have been defined for this action. Whom do I contact for more information regarding a lawsuit against SPS? People do not modify with this company they will make it worse!!! I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. Jacksonville, Florida, United States. I dont even want to get paid just get them off my account and put my mortgage back to the reasonable price I was paying at first. They tell you they can help with the programs they have. The complaint quotes the plan as saying, The value of [Selects] second mortgage claim on Debtors property is valued at zero. 2. REFUSING payments, Increasing payment over $200 for no reason then claiming they never got my escrow from Accredited Home Lenders, REFUSING to let me pay on the Principal because it would change my monthly payment, LOOSING payments that cleared my bank. 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. They never intend to approve my modification. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. My Nightmare began the day my mortgage was transferred to them for servicing after a CH 13 BK in which they didnt lose a dime! 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. Hello, I had the remaining ~ $19k balance that was Paid on time with chase transfered to SPS last August. I had my house for sale and the sale fell through after 3months. 6. Even if your mortgage gets flipped to another mortgage company, the new mortgagor has nor right to change your terms or conditions agreed upon in the original mortgage note you signed. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Thats what they want! They only send a power of attorney for SPS to handle the payments of the loan. 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 . This company is a disgrace tio have a legal right to do business in the USA. As an elderly homeowner,Bank of America threw me to the SPS wolves after I sued them and found a huge error in their accounting. im gettting a lawyer. Someone PLEASE CONTACT ME. Please stop this company!! The person represented SPS and the person was driving a car with license plates registered to a truck. Box 65450, Salt Lake City, UT 84165-0450 Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. Requesting for documents not related to the loss mitigation you applied for OR. Free and open company data on Puerto Rico company SELECT PORTFOLIO SERVICING, INC (company number 10188-112), c/o RVM Professional Services, LLC A4 Reparto Mendoza Humacao, PR 00791 Ballooned our loan from $598 to $1250. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. The house was left to me in the will and I was his executor. I bought my house in 2004 for $225,000 I put $150,000 down and took out an $80,000 mortgage. With no notice. The complaint says that it also secured the repayment of a second mortgage loan in the amount of $90,000 issued to [Fleming] to fund the purchase of the Property.. Youre not alone either. They only are a servicer for your loan. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. 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. Additional information General Correspondence P.O. Select portfolio is scum! My mortgage was owned by Flagstar Bank, who sold the loan to a company called ABS REO Trust III, a Delaware company. administrator or law firm. Salt Lake City Utah Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. Actions does not process claims and we cannot advise you on the It is unbelievable and very stressful to deal with this company. But I cant find any lawyer or program to help me. Top Class Actions is a legal news source I need to find out about the class action lawsuit if possible. The organization has also helped her consider strategies for dealing with her mortgage servicer, Select Portfolio Servicing. B, UDAAP, FDCPA, to name a few: Countless Letters Internal Communication among employees Letters from other Homeowners which the Mortgage Loan was and is serviced by SPS The letters, emails, the modified payments ALL indicate the Mortgage Servicer has defrauded consumers and the U.S. Other documents, acts and practices, demonstrates the audacious acts the Servicer takes before our judicial system. They have no feelings, they mess up your credit so you cant get a loan no where else. 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. Servicing of mortgage loans and administration of escrow accounts. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. In May, they reached a settlement, as part of which, the complaint says, Select agreed to stop demanding payment while she was in bankruptcy. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. We tried to work with them for years. SPS would never give me dates/amounts/ownership of loan. The company did not respond to messages seeking comment. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. Gavin June 18, 2021 June 20, 2021. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. 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. Worst company to deal with and will not work with you at all. i owe approx 140k on my mortgage. 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. We cant refinance, cant amend the mortgage, etc. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. 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. Now they have raised my mortgage again saying to cover the negative escrow. For example, Select Portfolio Servicing advises a homeowner seeking loss mitigation options that a single point of contact ("relationship manager") has been assigned to assist with the communications, questions, or status' during the loss mitigation process. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. Mind you it was lender place insurance. I call SPS and they tell me they will send me the paperwork and never do. Whoever you signed your loan with is still responsible. Select Portfolio Servicing has an average consumer rating of 2 stars from 44 reviews. Then they denied to take anymore Partial payments. Worked with . 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. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. I also have Select Portfolio Servicing, Inc. and I been have issues with SPS illegal fees of a Loan Modification because in my situation my principal of my mortgage is $122k (Libro Loan in 2005 with % rate of 8 to 15%) but they added fees and past due payments to $265k and my home is only worth $90k . Tip#2 We have refinanced an equity loan which banks do not resell. 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! 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 F.T.C. They will not offer me any form of payback or payment plan within my means whatsoever, state that Fannie Mae declining the fact of the furring the money to the end of the loan. You can then Follow the article above, and get notified immediately when we post updates! We offer a submission form on our website for you to fill out if you are seeking class action legal help. So I am reporting of what I believe to be Unfair Lending Practices. 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. What and who do I need to contact. and wondering if stumbling and bumbling company will make it out as the original check Im interested in joining you on the lawsuit. Does anyone have any suggestions on how I can get my name of the Deed? The Select Portfolio Servicing class action lawsuit asserts that the company is a special servicer of residential mortgage loans, meaningitcollects on defaulted or delinquent mortgages. I didnt think you could raise a mortgage every month, even if Im late paying it. What else can I do. They are doing the same thing to my mom and dad in Gilbert SC. Look for an attorney and sue themthey are ALL corrupt!! Did you sustain in your payments? SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) In November 2003, Select Portfolio Servicing then known as Fairbanks Capital agreed to pay $40 million to settle with the FTC and the U.S. Department of Housing and Urban Development. They should have multiple suits against them. How do we sign up????? I would also like to have my name added to this. Mackroy claims he and his wife never requested the 20-year option and they never missed a payment. [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. 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. drug injury lawsuits and product liability lawsuits. They have also upped my escrow account even though my insurance rates and taxes have not gone up. Does anyone know if there is a pending law suit against SPS. Nearly six years later, in 2016, Fleming filed a Chapter 13 bankruptcy, and then an amended Chapter 13 plan. Select Portfolio Servicing, Inc. (SPS) and U.S. Bank, N.A.
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select portfolio servicing lawsuit 2019