We tried to work with them for years. All I can say is WOWHELP!!!!!!!!? Hello I am in the same boat same story.. 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.. 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. So they passed the HOT POTATOE .to Select Portfolio Services. They wont be able to produce it! *If you. 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. Struggling with this payment. Lynn, Hello I am in the same boat same story.. All Rights Reserved. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. I really cant afford this payment now. Privacy Policy | They never intend to approve my modification. First Major State Lawsuit Filed Over 'Robo-Signing' - CNBC 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. Rose v. Select Portfolio Servicing Inc. - SCOTUSblog 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? I inquired how The company is now asking for 2 Proofs of Occupancy. this is what they do. Crookedest company I have ever seen. Need help with predatory loan with this company. I was able to catch up last year. It is unbelievable and very stressful to deal with this company. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. Deed-in-Lieu of Foreclosure 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 are doing the same thing to my mom and dad in Gilbert SC. Select Portfolio Servicing, U.S. Bank Sued Over Allegedly Abusive They have no feelings, they mess up your credit so you cant get a loan no where else. 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. SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage Company Response: Company believes it acted appropriately as authorized by contract or law Closed with explanation Timely Response 2019-12-03 Marlboro, MD Struggling to pay . The owner of select profolio is someone from India. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. . It is unbelievable and very stressful to deal with this company. No refince with them or documents signed. We are trying to do a Modification and they keep saying they are not getting the right paperwork. 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. 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. You can not pay them on line as I did with my Bank before. 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 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. Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? 12 CFR 225.28 List of permissible nonbanking activities. They dont purchase loans. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. These unlawful deceitful practices must stopId like to join in based on the principle!!! Entity featured on Fitch Ratings. This company does not follow any federal consumer laws. Jacksonville, Florida, United States. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. Step 1: Submit required documents. 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. You may not receive a monthly statement? Select Portfolio Servicing Is this your company? Looking at other comments I dont think they have helped any one. Did SPS mail you a letter stating they had filed a lawsuit to FC in your home and they never did? $75,000.00 which, to this date has not been applied to the mortgage. 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 Select Portfolio Servicing Warning! Can Select Portfolio Validate Your SPS always says that buyer amount is too low(3 -4 good firm cash offers). SELECT PORTFOLIO SERVICING, INC - Consumer Complaints - intlbanking.org Where do I begin? settlement administrator or your attorney for any updates regarding 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 . 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. 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. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. 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 . Somebody needs to shut this company down. I am so stressed out over this. They are violating 12 U.S. Code 2605. PLEASE HELP! SPS never took ownership of the house. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. Lying to Judges We showed proof of our loan and we were lucky our bank helped us through a refinance. W.T.F. 15, 18.) Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. GARAY v. SELECT PORTFOLIO SERVICING, INC. - UniCourt 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. the mortgage is 760 and the taxes 1166. i have tried for year s to modify. Please add me. Collection Agencies: slect porfolio servicing. Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. I had a heart transplant and they stole my home from me . My husband n I have be cheated out of refinancing n I have not filled any request for our equity that we shoud bolt up over these 19 year weve owned made our payment it went from champion mortgage to h s b c then beneficial to this s p s n no one has informed me personally about any law suit or anything n I would like to know how someone signs I up online with out your pemiison ???? the loan modification came with a ballon payment of 90k in 20 years. i am so disgusted with sps. My state recognizes me as the homeowner but SPS keep telling me I have no interest in the house. they said there investors about 20 of them will not extend a motg to 40 yrs. Since the fire I have been lied to by SPS reps regarding short pay offers. My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! If it does look familiar, sadly you are not alone. I pay the late charges for being late. administrator or law firm. I could go on for days. 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! In court for 10 years b/c Chase is owner of loanor is it Bank if America? It has been one thing after another with SPS. im gettting a lawyer. 2019); cert. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. Then requested a Proof of Occupancy. 9. Our account number if you go to the bank is still connected to Chase Bank. I tried continuously to modify my loan after falling behind. Misleading homeowners Just wondering WTF happened to my escrow account balance of $1500? I am dealing with that now. I would like to know if select portfolio has a class action lawsuit against them for predator loan. PLEASE ADD US, JOSEPH and VENUS WILLIAMS! We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. I want a significant amount of money for restitution because of what this company did to myself , my family and friends and by God I have thrown my dog in this fight and I dont back down from a discriminating , unethical and immoral company called SPS PORTFOLIO AND JOIN ME BECAUSE I HAVE A BIG BAD MEAN DOG IN THIS FIGHT . You can change these settings at any time. Our account number if you go to the bank is still connected to Chase Bank. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. Is there is anyone reading this that can add my name to the class-action I would be happy to talk with them thank you Jim, Select Portfolio Servicing should be thrown out of business, Add my name to the Class Action Lawsuit. Amen! Select Portfolio Servicing Calling? | Debt Abuse - YouTube 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 . Someone PLEASE CONTACT ME. I get different answers from different representatives . WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. No. But in November of that year, Select again tried to collect the mortgage from her. I want to get away from this company but they wont allow me to refinance with anyone else. The complaint argues that the FDCPA is broadly interpreted to protect debtors, because all consumers, even those who have mismanaged their financial affairs resulting in default on their debt, deserve the right to be treated in a reasonable and civil manner., The FDCPA lists several practices that are illegal, including using misleading or false statements to collect a debt, from the standpoint of the least sophisticated consumer.. Looking at other comments I dont think they have helped any one. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. They also said because they are not a bank I cannot do a loan modification. Looking at other comments I dont think they have helped any one. !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! how could i pay off my mortgage and still owe 90k on my house? SPS tried to make me pay the mortgage payments, even though the house was discharged in bankruptcy. Our mortgage is underwater, which means we owe more than the house is worth. Does anyone have any suggestions on how I can get my name of the Deed? This is one of the most unprofessional companies that I have ever come across. The Judge overseeing this case is James Lawrence King. All the issues you brought up are valid issues and an attorney can tell you how to protect your home. 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. 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. Claim forms are usually not made available to consumers until after a court approved settlement is reached. Dont give up. 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. Ive tried so many times with this company and all they have done is lied to me !!! They are a Threat to the General Public. Consumer Financial Protection Bureau Settles with Specialized Loan In March 2010, Fleming filed a Chapter 7 bankruptcy. Servicing of mortgage loans and administration of escrow accounts. 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. 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. Ortega et al v. Select Portfolio Servicing, Inc. - UniCourt Thank you, I would like to get in on this class action lawsuit. Now all these years later I owe them $176 and change thousand dollars. Select Portfolio Servicing Bankruptcy Debt Collection Class Action The case status is Pending - Other Pending. In September I sent them My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. then they send me a new letter saying different paper work is missing this been going on for seven years. Top Class I am so tired of this harassment. 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.