All Rights Reserved. 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. Select portfolio is scum! 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. All they keep talking about it sell sell sell turn my house over to them. 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 . 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. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. 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 ! Pursuant to Misc. 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 Our account number if you go to the bank is still connected to Chase Bank. Ive done my homework on them and havent found anything good. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. Select Portfolio Servicing Inc ., a homeowner's conservator, Reese, sued a mortgage servicer, SPS, for HBOR and UCL violations after the mortgage servicer initiated foreclosure proceedings.. If it is NOT.. Thank you. They have also upped my escrow account even though my insurance rates and taxes have not gone up. I am owed another escrow check 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. Im behind on my mortgage because they keep raising it. I call SPS and they say it takes at least 30 business days to board the loan into their system and they will not provide payoff information before then, although my loan payment must be made to them without delays and they will only give me 15 calendar days to change my insurance to show SPS as the mortgagee. I understand every one of these posts this company is terrible.So sad. 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. this is what they do. The Riveras seek to represent two separate Classes. 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 Id. Select Portfolio Servicing, Inc. (SPS) and U.S. Bank, N.A. 559.72(7), 559.72(9). If it does look familiar, sadly you are not alone. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. PLEASE ADD US, JOSEPH and VENUS WILLIAMS! 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 They are the worst scum EVER! I have been experiencing difficulties as well. I wish we all came get them in order and money back they owe us they the devil I seen in person theyre evil, I need someone to help me with my law suit what all they did to me to much to write about, but they need to be stop. This month, I sent my payment by Certified Mail/Return receipt. 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. Select Portfolio Servicing As an Attorney Advertising Service Select Portfolio Servicing is one of the leading providers of portfolio servicing. 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. Ive tried so many times with this company and all they have done is lied to me !!! I have been denied modifications, short sales and now foreclosure which didnt sale and they are now saying they own the home and offering relocations assistance available of 3,000 to leave so they can sale. This stops any other bank from redoing the loan. This field is for validation purposes and should be left unchanged. Please add me to this lawsuit as well. They tell you they can help with the programs they have. 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! People do not modify with this company they will make it worse!!! 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. Ive been trying to modify and assume mortgage after a divorce. I definitely believe they are fraudulant and they are illegally trying tot take my home. 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. 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. We will use these documents to determine your eligibility for our deed-in-lieu option. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. Aug 2012 - 20142 years. This company is horrible. 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 . 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. They wont be able to produce it! Select Portfolio Servicing said a clause in their original loan provided a 20-year option. Please stop this company!! 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. The house was left to me in the will and I was his executor. We are trying to do a Modification and they keep saying they are not getting the right paperwork. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? 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. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. This company is horrible. *If you. I told them I was going to get a lawyer if they did not refund my $500.00. Modification for YEARS. Before this lawsuit came out I told my momma something wasnt right about this company. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. Management And Organization 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 . For information on deleting the cookies, please consult your browsers help function. I want to get away from this company but they wont allow me to refinance with anyone else. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . Attorneys will then review your submission to determine if you have a case. 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. select_portfolio_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. Please add me to any lawsuit against SPS. Mind you it was lender place insurance. NOT. I have been trying for YEARS to sell home. Step 1: Submit required documents. Read our Newswire Disclaimer $75,000.00 which, to this date has not been applied to the mortgage. Very unfair practices. Dentons Offices then they send me a new letter saying different paper work is missing this been going on for seven years. First, it is illegal to attempt to collect any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly permitted by law.The complaint argues that the attempt to collect late charges that very from day to day is unlawful. 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 . The class action lawsuit maintains Select Portfolio Servicing missed that five-day deadline in its communications with the Riveras, and likely with others. They are saying the balance is still 52,000. We finally gave up and lost our home. All I can say is WOWHELP!!!!!!!!? After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. Bank of America - cut 50 jobs at Legacy Asset Servicing unit in Fort Worth, TX. Author: New Castle, Delaware. They dont purchase loans. They are in their mid 80s on social security. 4, 2019). I had a heart transplant and they stole my home from me . I have been dealing with these people since the August 2016 Historical Flood! Aug 20, 2021 PRINCETON A woman is suing Select Portfolio Servicing for breach of contract, fraud and violations of the West Virginia Consumer Credit and Protection Act. 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. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! Now all these years later I owe them $176 and change thousand dollars. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! They should not be in business and should hang by The Noose so what theyre doing to people and taking peoples homes. I was livid. It is unbelievable and very stressful to deal with this company. The court granted her a discharge in July. How do you sue or bring charges to the forger . 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 The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. Select Portfolio Servicing HARASSING YOU? 2. PLEASE HELP! ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. After fighting with them for 4 months and only paying them my original payments they told me that they Never received my escrow account from AHL. 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. If someone can give us some advice, I would greatly appreciate it. 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. We offer a submission form on our website for you to fill out if you are seeking class action legal help. 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. denied, 2020 WL 3492660 Issue: If a petition by an individual under Chapters 7, 11 or 13 has been dismissed within one year, does the stay terminate automatically 30 days after a new filing only as to property of the debtor or as to both to get the check sent in my name only. What else can I do. BankFirst - shut by FDIC. My loan was in default. The F.B.I. The firm's many attorneys have a wide range of expertise in all areas of the law. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. I am so tired of this harassment. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Lynn, Hello I am in the same boat same story.. As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. I dont care if God strikes my home and burns it to the ground. 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. Then said loan is getting purchased for pennies on the dollar. The person represented SPS and the person was driving a car with license plates registered to a truck. Time for the halftime show! Amen! They lie about paperwork when you send it or what you should send to them! Help me before their get started. Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? Please go on SM and find a group that will help you! But according . Again CROOKS! Gavin June 18, 2021 June 20, 2021. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. 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 . Select Portfolio Servicing is a premier litigation funding company that focus on helping capital-type entities such as individual investors, venture capitalists, and private equity firms to engage in purchasing a large number of lawsuits. Thats being WAY to PC but I dont wanna offend anyone. 8. 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. Whos watchin the hen house ? They wont stop running up more fees and this has been going on for 3 years!!!! However, this can result in some functions no longer being available. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. Look for an attorney and sue themthey are ALL corrupt!! And no one has the same story! History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. Hello I am in the same boat same story.. 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. They try to scam you on the loan modifications also. It is unbelievable and very stressful to deal with this company. I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. i tried talking to a representative which was no help. And at some point after that, Select acquired servicing rights to the mortgage loan. Theyve planned this so they could ultimately foreclose. Worked with . I tried continuously to modify my loan after falling behind. 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. 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.
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