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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. They are in their mid 80s on social security. I am ready for a lawsuit if there us one. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. 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. Hi, It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. 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. They only send a power of attorney for SPS to handle the payments of the loan. Im not the sharpest knife in the droor, but a blind man could smell these SCUM BAGS 2Big2fail ??? We CANT let them! SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. 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. 19-10204 (11th Cir. Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. 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. your claim status, claim form or questions about when payments are 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. 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"). I have SPS they have bilked me for late charges that I didnt owe they also sent me my address with some other customers name on my homes bill. You can then Follow the article above, and get notified immediately when we post updates! Our mortgage is underwater, which means we owe more than the house is worth. 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. We keep getting letters from their lawyers saying they are going to foreclose on us. 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. 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! 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. Did the terms of the Loan Modification you received was affordable and sustainable? they say they gelp you with a loan modification. This still hasnt stopped them. They wont release the mortgage. I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. Before this lawsuit came out I told my momma something wasnt right about this company. SPS has been blocking every attempt for the short sale to go through. Every time I would send in the required paperwork I would get either no reply, told the paperwork was incomplete, or I did not qualify for the same modifications they said they could work with me with. i owe approx 140k on my mortgage. That was discharged in a Chapter 7 or Chapter 13 bankruptcy proceeding. [Select] shall release its lien against the aforementioned property upon discharge.. That Tip #2. Dr.chayobriggs. I need a lawyer to work for me against SPS and their unethical practices! They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. Lying to Judges Please let me know if I can join the lawsuit. 2, Report #1408758. then they send me a new letter saying different paper work is missing this been going on for seven years. Servicer may pay over $200,000 to settle class-action suit The Judge overseeing this case is Micaela Alvarez. 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. PLEASE HELP! even more owed! They dont purchase loans. I am dealing with that now. Seek help!! so They passed the HOT POTATOE to U.S.Bank National Association . $75,000.00 which, to this date has not been applied to the mortgage. Constance Daniels v. Select Portfolio Servicing, Inc., No. 19-10204 Time for the halftime show! How do you sue or bring charges to the forger . Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! Were they clear about the terms and conditions? They try to scam you on the loan modifications also. They are violating 12 U.S. Code 2605. Select Portfolio Servicing Bankruptcy Debt Collection Class Action I definitely believe they are fraudulant and they are illegally trying tot take my home. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. We just refinanced our loan to get out of their deceptive actions. My bank shows the check for this month is pending, so what did SPS do with my check from last month. Ive tried so many times with this company and all they have done is lied to me !!! 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. I am a veteran I served six years in the military only to be homeless? Misleading homeowners select portfolio servicing lawsuit 2021 select portfolio servicing lawsuit 2021 Home Realizacje i porady Bez kategorii select portfolio servicing lawsuit 2021. Jul 2010 - Jan 20154 years 7 months. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. I have been trying to sell the house in a Short Sale. First Major State Lawsuit Filed Over 'Robo-Signing' - CNBC America mourns for Her people. Requesting for documents not related to the loss mitigation you applied for OR. We got different answers to the same questions. I was livid. Actions does not process claims and we cannot advise you on the They tell you they can help with the programs they have. Mills v. Select Portfolio Servicing, Inc. - Casetext SPS always says that buyer amount is too low(3 -4 good firm cash offers). i am broken hearted at thought of losing my home with my disabled child. add me please.these jerks keep saying my 2019 taxes arent paid, i have sent them proof 3 times & so has my city/county office, & they still insist they are not paid & raised my mortgage!! Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . I need help to make this mess go away! The servicing portfolio consists of 742,000 non-agency RMBS loans totaling approximately $131.91 billion, 96,500 third-party serviced loans totaling $15.96 billion and 61,000 agency loans totaling $9.65 billion. and wondering if stumbling and bumbling company will make it out as the original check I am so tired of this harassment. 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. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. 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 . Box 65450, Salt Lake City, UT 84165-0450 Am facing foreclosure after numerous attempts to get a modification. Wow. Now they are billing me for $3000 in attorney and drive-by fees. We finally gave up and lost our home. Select Portfolio Servicing - Complaints Board Guess what? 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 . They stay in house. I dont care if God strikes my home and burns it to the ground. My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! NOT. Please add me in they are fraudulent company . 100% agree they are just stealing our properties with help of judges. 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 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 . This company will steal your home!! I get calls from Select Portfolio at least once daily. 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. BankFirst - shut by FDIC. Please add me to any lawsuit against SPS. it all happened to us in the end stole our home we worked our entire lives for !! I had my house for sale and the sale fell through after 3months. We will use these documents to determine your eligibility for our deed-in-lieu option. 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. I. They should have multiple suits against them. Are there other home owners withe the same issues..please contact me so we can fight back, We are going through the same thing with our home. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. They changed my land records so there is no real chain of title. Now all these years later I owe them $176 and change thousand dollars. Servicing of mortgage loans and administration of escrow accounts. 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. 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 As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. I bought my house in 2004 for $225,000 I put $150,000 down and took out an $80,000 mortgage. they dont want to help. W.T.F. Before them. 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. SPS is definitely not into home retention as their website states. Id. What and who do I need to contact. Then they denied to take anymore Partial payments. My state recognizes me as the homeowner but SPS keep telling me I have no interest in the house. 12 CFR 225.28 List of permissible nonbanking activities. 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. I have the same problem, if you join to any lawsuit let me know,Im interested. . 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. I never received anything from an attorney. Lynn, 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. Theyve planned this so they could ultimately foreclose. Select Portfolio Servicing, centers on laws that combine to require entities governed by the Federal Debt Collection Practices Act to charge borrowers a statutory interest-rate applicable in New Jersey when a foreclosure judgment occurs, said Ari Marcus, an attorney for the plaintiff. You may not receive a monthly statement? Credit Ratings, Research and Analysis for the global capital markets. You talk to all these different people who suppose to all work for the same company and half of them dont know what they are doing ! The organization has also helped her consider strategies for dealing with her mortgage servicer, Select Portfolio Servicing. There is so much fraud that no one can help me! 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). SPS has charged off as well but keeps charging me monthly charges and harasses me multiple times daily . Major Legal Setbacks For Student Loan Giants Navient, FedLoan Servicing 5. O'Brien v. Select Portfolio Servicing, Inc. - Casetext im gettting a lawyer. Unbelievable. Select Portfolio Servicing Lawsuit. 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. Even after trying to find out since receivin the news it had been sold. SPS bonus for liars, cheaters and thieves? 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. I first contacted SPS October 2018. I wish someone would stop them. A Long List of Mortgage Layoffs, Mergers, and Closures I have been dealing with these people since the August 2016 Historical Flood! Looking at other comments I dont think they have helped any one. Our mortgage is underwater, which means we owe more than the house is worth. Select Portfolio Servicing Is this your company? Ripoff Report | select portfolio servicing complaints, reviews, scams They sent people to my home to give us a letter to validate we live here. the sad thing is nothing will come of anyones complaints or lawsuits. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! I am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. 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. The people lied to us saying they represent a bank and we are to call the bank about our mortgage. And of course each time they (the banks) are getting paid via their own insurance. I call SPS and they tell me they will send me the paperwork and never do. The bankruptcy was not completed until December 2019. This is not the only recent class action lawsuit against Select Portfolio Servicing. 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 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. I have been trying to get somewhere with them for over 9 months and getting no where. One of the most unethical companies Ive experienced. Thats being WAY to PC but I dont wanna offend anyone. 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 can change these settings at any time. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. SPS never took ownership of the house. I send SPS a check on the 1st of the month every month. Four months later i keep getting the run around. Were almost there to shut them down and make them pay back all of us!!! F.B.I. If there is a class action against them Id love the chance to run this company out. Consumer Protection Laws: TILA, RESPA, TILA and RESPA combined, The ECOA REG. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. They tell you they can help with the programs they have. 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 Worst company to deal with and will not work with you at all. 7. So they passed the HOT POTATOE .to Select Portfolio Services. Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. They are doing the same thing to my mom and dad in Gilbert SC. SPS has also been heavy handed with me, offering me a modification. Deed-in-Lieu of Foreclosure Due to their overall incompetence and in particular, their incredible ability to lose documents, we lost our home and so much more. I was told to send in my divorce decree, which I did. Bank of America - closed mortgage center near Portland, OR, 102 layoffs. . 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? He also says that he questioned SPS about his transaction history. They will not take our home! Our account number if you go to the bank is still connected to Chase Bank. No. So please count me in!!! Author: New Castle, Delaware. Our payments went up 800 a month by the time we lost the house. Crookedest company I have ever seen. Two classes have been defined for this action. the loan modification came with a ballon payment of 90k in 20 years. NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. 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.. 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. Select Portfolio Servicing has an average consumer rating of 2 stars from 44 reviews. Select Portfolio Servicing said a clause in their original loan provided a 20-year option. SELECT PORTFOLIO SERVICING, INC - Consumer Complaints - intlbanking.org This company sets people up for failure! They have no feelings, they mess up your credit so you cant get a loan no where else. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. 2. The complaint quotes the plan as saying, The value of [Selects] second mortgage claim on Debtors property is valued at zero. 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 . At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. 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. My SPS - Apps on Google Play 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! This case was filed in U.S. District Courts, Florida Southern District Court. 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. This case was filed in U.S. District Courts, Texas Southern District. They are violating 12 U.S. Code 2605. SPS is the worst company I have ever dealt with, missing paperwork turns into outdated (all of which is false) keep delaying until they can foreclose. Select Portfolio Servicing - Wikipedia that has to be illegal. 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. 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. Collection Agencies: slect porfolio servicing. The Select Portfolio Servicing class action lawsuit asserts that the company is a "special servicer" of residential mortgage loans, meaning it collects on defaulted or delinquent mortgages. 3. I sent it to SPS and they told me that they never received the money. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. that reports on class action lawsuits, class action settlements, Bank of America never took over the house and sold the loan to SPS. Please stop this company!! I have had it. Everything you State is FACT. Rose v. Select Portfolio Servicing, Inc., 945 F.3rd 226 (5th Cir. Worked with . I agree, we have dealt with the company for a couple of years and their goal is to have you lose your home so they can make a profit. Your email address will not be published. I know 5 other people that would gladly join this lawsuit against those CROOKS. People; Product; Insights; Search . Modification for YEARS. Please add me.. According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. It has been one thing after another with SPS. 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. My mortgage was owned by Flagstar Bank, who sold the loan to a company called ABS REO Trust III, a Delaware company. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. I decided to go back to school to study law because of the stress they have put me through. When trying to speak with someone on the phone, nothing but the runaround and incompetence. 3, Report #1346112. 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 . I have also contacted my congressman and filed a complaint with them and they got in touch with them and tried to talk on my behalf. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. 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. 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? 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 They never intend to approve my modification. website. i have and im going through to take charge of my house . Bank of America - cut 70 mortgage jobs in Simi Valley, CA. I didnt want that, sps counselor said turning over the house would save my credit. Mekawy v Select Portfolio Servicing, Inc. :: 2020 - Justia Law This is so incredibly cruel, underhanded and frustrating . We received a letter from SPS who instructed us to send the mortgage payment to them. 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 can go on and on, but I pray that God sends someone to all the people who they deceive, so we can overcome this nightmare! 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. TARP Funds [See. Recently we were on a payment plan for our taxes 1/2 Miv and 1/2 June. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Please add me. 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. However if I try to sell the house I would need to pay them plus the continued monthly interest. Bank of America - cut roughly 100 mortgage jobs in Charlotte. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! 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? Special Report / Tue 30 Apr, 2019. NOT. Select Portfolio Servicing Loan Servicing Representative Reviews 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; People do not modify with this company they will make it worse!!! 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.