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 . 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.. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Before them. Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. My name is Lisa House I too am being used by SPS SERVICING. These banks with their pure greed, no government oversight (or no true oversight), corrupt Courts and lawyers are STEALING all our homes. 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. 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! They are saying the balance is still 52,000. Yet loan sold again but no proof of ownership! 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. They also call me 3-4 times a week, at all hours. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. It is unbelievable and very stressful to deal with this company. Select Portfolio Servicing Is this your company? If they feel you qualify, they will contact you directly. I understand every one of these posts this company is terrible.So sad. Ugh it is horrible. 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. your claim status, claim form or questions about when payments are SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. My home burned 3-16-16. They only send a power of attorney for SPS to handle the payments of the loan. 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. This stops any other bank from redoing the loan. Ive tried so many times with this company and all they have done is lied to me !!! i am broken hearted at thought of losing my home with my disabled child. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. A year later I have not received the replacement check for the one sent in. Please stop this company!! This company for real needs investigated. Lying to Judges anyting less then shutting them down and canceling all debts held by them will be a loss. Hi, Lynn, Hello I am in the same boat same story.. On two So I am reporting of what I believe to be Unfair Lending Practices. I sent the payoff check to the company overnight certified mail that cost me $ 420.00+ dollars and that company refused to accept that check until the southern man came out in me. Please add me to this lawsuit as well. Credit Suisse USA and SPS: The U.S. Required fields are marked *. Select Portfolio Servicing has resolved 9 complaints. If there is a class action against them Id love the chance to run this company out. 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. Select Portfolio has to be the WORST mortgage company ever, Ive been with them for 12 years and only $1200 has gone to principal, in my opinion they are a predator company, looking for gain on the less fortunate. this is what they do. They say my income is not enough .. September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. But in November of that year, Select again tried to collect the mortgage from her. I am so tired of this harassment. I. 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 . SMH. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. Mar. Misleading homeowners creating another long drawn out process. I have been experiencing difficulties as well. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. yep faraudulent taxes reported my taxes paid in 2017/2018 wrong when i got my end of year totals.. stole my house right out of ch13 which we completed for 5 yrs and lived off only what we me made cash to save our house and in the end the they screwed us anyway and foreclosed n stole our home.. they need to have the riots take over their buildings and b taught a lesson if our own government wont stop this insanity of wolves!!! 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. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. There may be more reports for "select portfolio servicing" For more results perform a general search for "select portfolio servicing" . Credit Ratings, Research and Analysis for the global capital markets. Please add me in they are fraudulent company . Look for an attorney and sue themthey are ALL corrupt!! Modification for YEARS. 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. Did they ask you the same more than once? 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? Setting up a free account with Top Class Actions will allow you to receive instant updates on ANY article that you Follow on our website. 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.. I sent it to SPS and they told me that they never received the money. 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 . 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. 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. Entity featured on Fitch Ratings. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. The Riveras seek to represent two separate Classes. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. 1692d, 1692e, 1692f, and the FCCPA, Fla. Stat. even more owed! They are in their mid 80s on social security. Sps forced a forbearance on me. May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. I was given a fake rate reduction buy select profolio it lasted 8 months long after 8 month long select profolio took the rate reduction back and lie to me me and said i did not complete the paper work i ask then to send me what paper work was missing ,make a long story short every time they send me info about the paper work missing i resend it . How is this company still in business? After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. I owe more on my house them when I purchased it. I tried continuously to modify my loan after falling behind. that reports on class action lawsuits, class action settlements, They also said because they are not a bank I cannot do a loan modification. They should have multiple suits against them. Thank you, I would like to get in on this class action lawsuit. I call SPS and they tell me they will send me the paperwork and never do. I have submitted countless of documents more than once. Fake documents filed at the registry of deeds and they have NO accounting of any previous payments and try to foreclosure on homes they did not have rights to! Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. Dont give up. Did you sustain in your payments? SPS never took ownership of the house. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. I have had it. As for myself, they should be shot down once and for all, they are endangering our Country, they are threat to our Democracy and our Constitution, as they demoralize homeowners, families, our Courts and Judges. SPS has charged off as well but keeps charging me monthly charges and harasses me multiple times daily . Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . My daughter passed away and left everything to me in her will. I just found out that SPS has basically duped me out of $40k. Guess what? You may want to consult your own attorney, and should you choose to go that route, we recommend checking out http://www.consumeradvocates.org/find-an-attorney. 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. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. finally after arguing many times they refunded my $500.00 and I made the payment but now since they jerked me around I am always 15 days late on my payment and they call non stop. When I called all I and wondering if stumbling and bumbling company will make it out as the original check Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. If anyone can help, please contact me at lynn_sousa@yahoo.com. We are trying to do a Modification and they keep saying they are not getting the right paperwork. They are the worst scum EVER! I called the lender yesterday to get a payoff quote for refinancing and they tell me I have to get it from this SPS outfit. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. There is so much fraud that no one can help me! No one will help including attorney general, CFBP nor any federal agency. Did you receive a Loan Modification Agreement for you to sign, that you did not apply for, which stays that you are modifying the LIEN, when you have no idea what that was? There is help out there!! document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement Click Change Settings if you want to tailor the use of your cookies. In September I sent them Ive done my homework on them and havent found anything good. settlement administrator or your attorney for any updates regarding that has to be illegal. They said they cant extend it beyond that period. 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. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. You may not receive a monthly statement? they take my payment and double it for one year and leave me with a large balloon to pay in 12 months that is about 200kthats there idea of a plan to fail. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. They stay in house. I continue to make payments. Did the terms of the Loan Modification you received was affordable and sustainable? [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. I would also like to add my name to any class action lawsuit against SPS. I really cant afford this payment now. Terms and Conditions. SPS would never give me dates/amounts/ownership of loan. This company will steal your home!! it all happened to us in the end stole our home we worked our entire lives for !! 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. Then said loan is getting purchased for pennies on the dollar. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! PS my email is chayote23@yahoo or hit my facebook. Debt collection company Select Portfolio Servicing is accused of sending debt collection letters that violate federal law, according to a class action lawsuit. I have been trying to get somewhere with them for over 9 months and getting no where. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! They are violating 12 U.S. Code 2605. Tip#2 We have refinanced an equity loan which banks do not resell. Perkins Coie is known for its high standards and commitment to excellence. They are prime evil, liars and thieves!! Think Im caught up and bam! The Select Portfolio Servicing Unfair Debt Collection PracticesClass ActionLawsuit is Angel Rivera, et al. They just did it. 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. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. 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. Whom do I contact for more information regarding a lawsuit against SPS? Hello I am in the same boat same story.. Crookedest company I have ever seen. 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. We received a letter from SPS who instructed us to send the mortgage payment to them. November 22, 2019: Filing 3 CERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Select Portfolio Servicing, Inc.. (Hord, Michael) November 22, 2019: Filing 2 NEW CASE NOTES: A filing fee has been paid. 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. They were struggling with the mortgage before the pandemic began and tried to modify the loan, which has a fixed rate of nearly 4.9%, but their mortgage servicer, Select Portfolio Servicing . They sent people to my home to give us a letter to validate we live here. (ii) Arranging commercial real estate equity financing. PLEASE HELP! slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. Dr.chayobriggs. Select Portfolio Servicing, Inc. 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 decided to go back to school to study law because of the stress they have put me through. I know how hard it can be. 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 Our mortgage is underwater, which means we owe more than the house is worth. Time for the halftime show! 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.. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. 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. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. 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. This case was filed in U.S. District Courts, Florida Southern District Court. Attorneys will then review your submission to determine if you have a case. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. Now they raised my online payment fee from $5 to $15 because I will not let them take the money out of my checking account each month! Bank of America - closed mortgage center near Portland, OR, 102 layoffs. I was told to send in my divorce decree, which I did. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. 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. For them to do so is FRAUD and they can be sued for it!! IL. This company sets people up for failure! The court granted her a discharge in July. Management And Organization 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. I called SPS to catch up on the payments and they said they closed my loan and I would need to sell the house and pay the loan in full. My ex-husband and I have been held captive for years!!!! Then decided to say that I was not eligible for any form of modification. It is a Federal Crime, and that happened Act quickly!! Please provide any additional information about your inquiry. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . ialso pays to do a ferinzic audit .i did now i can sue them all. The bankruptcy was not completed until December 2019. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. Three times already spanning three years. 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 signed up for the HARP program which gave we a 2% interest rate. There were no new terms agreement made or signed so there is no ceiling to a stopping point. Well they file to foreclose and I returned file bankruptcy. I know theres a lot of us out there that, sadly, have experienced the same thing. SPS Undermines the United States and diminishes our Judges and Courts. SPS has been blocking every attempt for the short sale to go through. The people lied to us saying they represent a bank and we are to call the bank about our mortgage. I am owed another escrow check That is a violation of my Civil Rights that are protected and covered under the ADA ACT. This was after I was out of work for one year on a forbearance program and when I got a job I call them and let them know and its been a run around for 5 months and now theyre threatening on April 13th to foreclose on my house unless I come up with $16,000 that is in the Rears. 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. In 2017, 2018, 2019, and 2020, Defendant charged Plaintiffs EZ Pay fees ranging from $5 to $15 "each time [they] paid [their] mortgage[s] by direct debit from [their] bank account[s]." (Id. I had a extremely bad fall with a serious injury. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. drug injury lawsuits and product liability lawsuits. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. also brought charges of money laundering against H.S.B.C. About 9 months into it the went up 1 percent on loan and I am now in process of trying to modify again because I have singed no new agreement and no one will tell me who the lender is. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. SPS sends me many letters each week telling me I am in default of the loan even though I pay on the 1st of every month, but not the amount that they say I am to pay. This is not the only recent class action lawsuit against Select Portfolio Servicing. 12 CFR 225.28 List of permissible nonbanking activities. Decide which cookies you want to allow. 100% agree they are just stealing our properties with help of judges. SPS said they would not accept any more payments and charged off the loan. Whoever you signed your loan with is still responsible. What Crooks & Liars! 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. According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. With no notice. I about lost it on them. I am dealing with that now. 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. I get different answers from different representatives . How do i get in this or start a sue again select im losing my hm in june 2022..they take your money payment go up higher..they lawyer is a bad lier.. i file bankruptcy 2 time and they act like they was afraid of they lawyer..i work so hard for my hm to lose it..i apply 5 time for hardship and keep getting turn down.. How do you sue or bring charges to the forger . Their lawyers are committed to providing the best legal . 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. Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. And no one has the same story! When trying to speak with someone on the phone, nothing but the runaround and incompetence. expected to be mailed out. If someone can give us some advice, I would greatly appreciate it. They steal homes. 2, Report #1408758. This outfit needs to be exposed! . Requesting for documents not related to the loss mitigation you applied for OR. They never intend to approve my modification. Recently we were on a payment plan for our taxes 1/2 Miv and 1/2 June. 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. Claim forms are usually not made available to consumers until after a court approved settlement is reached. Later my mortgage was transferred to SPS and I have had hell every since. We just refinanced our loan to get out of their deceptive actions. Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? Mind you it was lender place insurance. Count me in the class acton as well. 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. If your going to help them, dont bother me! Please add me.. He also says that he questioned SPS about his transaction history. Please go on SM and find a group that will help you! If it is NOT.. In September 2016, it was confirmed by the court. 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. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. SPS always says that buyer amount is too low(3 -4 good firm cash offers). Contents. If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. They do nothing to help besides deny all allegations, force place insurance and use foreclosure mill attorneys to submit fraud to the courts to steal homes. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. I called AHL and told them to send my escrow account to SPS and they assured me that they had already done that and even sent me a letter saying they transferred it. Our account number if you go to the bank is still connected to Chase Bank. I need help to make this mess go away! website. 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. And of course each time they (the banks) are getting paid via their own insurance. America mourns for Her people. My loan was transferred to SPS and it is current! This company is a disgrace tio have a legal right to do business in the USA. Im interested in joining you on the lawsuit. If they forgave $30,000 $100,000 or MORE and it was NOT beneficial to you, the homeowner They received at least DOUBLE of what they had forgiven you under the Settlement.

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