How do I sign up I do not see anything here They are by far the worst company I have ever had to deal with. Tip#2 We have refinanced an equity loan which banks do not resell. We got different answers to the same questions. Before this lawsuit came out I told my momma something wasnt right about this company. !to a tee everything u stated happened to us in 2017 from sps fresh out of a bk13 and wouldnt loan modify just kept raising mortgage and all taxes and impound accounts wrong i couldnt have explained the situation any better than u did! 100% agree they are just stealing our properties with help of judges. Mortgage Relief That Comes With a $4,000 Bill - The New York Times They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. I am ready for a lawsuit if there us one. I just found out that SPS has basically duped me out of $40k. My daughter passed away and left everything to me in her will. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. 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. Ripoff Report | Select Portfolio Servicing, Inc. complaints, reviews Four months later i keep getting the run around. Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. All offers were denied. Please add me to any lawsuit against SPS. 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. 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? 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. Plaintiff sued Select Portfolio Servicing ("Portfolio"), a mortgage servicer, under the Fair Debt Collections Practices Act ("FDCPA") and the Florida Consumer Collection Practices Act ("FCCPA"). Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida . We are trying to do a Modification and they keep saying they are not getting the right paperwork. Sep 23, 2019 - Loan Servicing Representative . 'Then here I get hit in the face with this': Homeowners claim mortgage No refince with them or documents signed. 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. SPS said they would not accept any more payments and charged off the loan. Select Portfolio Servicing HARASSING YOU? They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. We tried to work with them for years. v. Select Portfolio Servicing Inc., et al., Case No. 1. stating because of lender place insurance. However if I try to sell the house I would need to pay them plus the continued monthly interest. Select Portfolio Servicing - Complaints Board Three times already spanning three years. are staring down a proposed class action that alleges the companies engaged in abusive collection activities concerning a New York consumer's mortgage loan. The bankruptcy was not completed until December 2019. Mekawy v Select Portfolio Servicing, Inc. :: 2020 - Justia Law Jacksonville, Florida, United States. Terms and Conditions. When trying to speak with someone on the phone, nothing but the runaround and incompetence. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. I have been trying to get somewhere with them for over 9 months and getting no where. Misleading homeowners 2 Calif. Rulings Offer Lessons As Foreclosure Crisis Looms They dont purchase loans. It is unbelievable and very stressful to deal with this company. They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. I am so tired of this harassment. Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. There were no new terms agreement made or signed so there is no ceiling to a stopping point. How do we sign up????? The balance indicates we owe more now than when we purchased the property 24 years ago. Id. 7. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. Some choice, huh? Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. Im so fed up with SPS. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. I am in agreement with statements made here and I am also a victim of this company. Salt Lake City, Utah. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. The case status is Pending - Other Pending. In court for 10 years b/c Chase is owner of loanor is it Bank if America? 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. Wow. Make payments, set up and make changes to monthly auto draft, view statements, and review escrow information. What else can I do. The company has many years of experience in providing legal representation to a variety of clients, including corporations . I have had it. But I cant find any lawyer or program to help me. The firm's many attorneys have a wide range of expertise in all areas of the law. Select Portfolio Servicing Loan Servicing Representative Reviews This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. SELECT PORTFOLIO SERVICING, INC :: Puerto Rico :: OpenCorporates I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. 2. Servicing of mortgage loans and administration of escrow accounts. I would also like to have my name added to this. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! What can I do? Select Portfolio Servicing The Judge overseeing this case is James Lawrence King. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. They should have multiple suits against them. PDF Alfn Answers Webinar SPS always says that buyer amount is too low(3 -4 good firm cash offers). When I called all I According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. We received a letter from SPS who instructed us to send the mortgage payment to them. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. PDF Loan Number: Mortgage Assistance Application 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. 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). Rushmore Loan Management Lawsuit - Law Cost They changed my land records so there is no real chain of title. ( outside the United States). If someone can give us some advice, I would greatly appreciate it. This still hasnt stopped them. They tell you they can help with the programs they have. I about lost it on them. Please provide any additional information about your inquiry. Gavin June 18, 2021 June 20, 2021. Even after trying to find out since receivin the news it had been sold. Constance Daniels v. Select Portfolio Servicing, Inc., No. 19-10204 Management And Organization They wont stop running up more fees and this has been going on for 3 years!!!! NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. I have been trying for YEARS to sell home. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. I told them I was going to get a lawyer if they did not refund my $500.00. Consequently, [Selects] 2nd mortgage lien shall be stripped from this property upon discharge and will not [be] paid as an unsecured during the plan as this debt was previously discharged. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. Does anyone have any suggestions on how I can get my name of the Deed? Then decided to say that I was not eligible for any form of modification. A class action has been brought in the Eastern District of New York against defendant Select Portfolio Servicing, Inc., ("SPS"), a servicing agent for residential mortgage loans, unlawful and deceptive acts, practices and misconduct in connection with the ownership and servicing of residential mortgage loans, including, but not limited to the Yeap you all are correct they are crooks! Read our Newswire Disclaimer They stay in house. They also said because they are not a bank I cannot do a loan modification. If your going to help them, dont bother me! My husband is disabled we are on a tight income. You must contact the I decided to go back to school to study law because of the stress they have put me through. Salt Lake City Utah I didnt want that, sps counselor said turning over the house would save my credit. 559.72(7), 559.72(9). Required fields are marked *. 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. Lynn, Hello I am in the same boat same story.. Plaintiff's lawsuit seeks a temporary injunction to stop the foreclosure sale of her property located at 8308 Bridgetown Drive, Austin, Texas 78753 ("Property"). This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. 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. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. (ii) Arranging commercial real estate equity financing. Actions does not process claims and we cannot advise you on the Defendant (s) Select Portfolio Servicing Law (s) Real Estate Settlement Procedures Act State (s) New to ClassAction.org? Claim forms are usually not made available to consumers until after a court approved settlement is reached. then they send me a new letter saying different paper work is missing this been going on for seven years. 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. Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. Just wondering WTF happened to my escrow account balance of $1500? SPS tried to make me pay the mortgage payments, even though the house was discharged in bankruptcy. 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.. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! I need a lawyer to work for me against SPS and their unethical practices!