I was able to make partial payment. The company did not respond to messages seeking comment. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. The person represented SPS and the person was driving a car with license plates registered to a truck. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. I was told to send in my divorce decree, which I did. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. My Bank sent them $34,000.00 on 2/15/2019 I called and ask them to apply $34,000to my Principal only when they received the check, I was told they made a record to do that when the check received, instead they took out extra Mortgage payment for the following month even auto paid is set up for my regular monthly payments when I called them concerning the payments I was told I did not call then when they received the check and that is how the computer is set up to take another month mortgage payments how would I know the exact time and date they received the check, I was never advised that is what I have to do to call them every 5 minutes to remind them, I also lost my home in 2014 due to increased and added fees I just couldnt keep up with and they would not work with me. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. Now all these years later I owe them $176 and change thousand dollars. Contents. I need help to gett a loan modification. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. and I never missed a payment. However if I try to sell the house I would need to pay them plus the continued monthly interest. They stay in house. They are violating 12 U.S. Code 2605. This outfit needs to be exposed! Make payments, set up and make changes to monthly auto draft, view statements, and review escrow information. https://topclassactions.com/wp-admin/admin-ajax.php. This has to STOP! Having trouble trying to save my home from these thieves!! Decide which cookies you want to allow. they dont want to help. Fill out this form for a FREE and prompt case evaluation. 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. ialso pays to do a ferinzic audit .i did now i can sue them all. they said there investors about 20 of them will not extend a motg to 40 yrs. Ct. Travis County, Tex. All they keep talking about it sell sell sell turn my house over to them. [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. No one will help including attorney general, CFBP nor any federal agency. We went through the same. 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. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. This company for real needs investigated. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. This company sets people up for failure! Select Portfolio Servicing Bankruptcy Debt Collection Complaint December 30, 2019 This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. The company has many years of experience in providing legal representation to a variety of clients, including corporations . 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. 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. 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.. Then I received a letter saying my mortgage had been sold and Select Portfolio Servicesite would be my new server but terms would not change. slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. 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. Count me in the class acton as well. In August/September 2016 I called SPS before even being billed and was assured by Melinda(?) Collection Agencies: slect porfolio servicing. We cant refinance, cant amend the mortgage, etc. They only send a power of attorney for SPS to handle the payments of the loan. 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 ! I know how hard it can be. Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. In March 2010, Fleming filed a Chapter 7 bankruptcy. v. Select Portfolio Servicing Inc., et al., Case No. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top Class Actions is a Proud Member of the American Bar Association, Various Trademarks held by their respective owners. Im behind on my mortgage because they keep raising it. In September I sent them U.S. RMBS Servicer Handbook: Servicing At A Glance . If there is a class action against them Id love the chance to run this company out. Crookedest company I have ever seen. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. 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 . Id. I understand every one of these posts this company is terrible.So sad. They paid 3 homeowners insurance Companies and charge for each in2021. Select Portfolio Servicing - Extortionists Resolved Select Portfolio Servicing - Dishonest/deceptive practice Resolved Select Portfolio Servicing - Foreclosure Resolved Select Portfolio Servicing - Fraud Resolved Select Portfolio Servicing - Unauthorized billing Resolved Select Portfolio Servicing - mortgage I am so tired of this harassment. The organization has also helped her consider strategies for dealing with her mortgage servicer, Select Portfolio Servicing. 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. Author: New Castle, Delaware. I didnt want that, sps counselor said turning over the house would save my credit. 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. settlement administrator or your attorney for any updates regarding Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. Rose v. Select Portfolio Servicing, Inc., 945 F.3rd 226 (5th Cir. If anyone can help, please contact me at lynn_sousa@yahoo.com. drug injury lawsuits and product liability lawsuits. I know theres a lot of us out there that, sadly, have experienced the same thing. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. ( I did get and settlement check from that lawsuit) 2. All I can say is WOWHELP!!!!!!!!? They are the worst scum EVER! Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. PLEASE HELP! 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. I hate this company and will fight them till the end. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. 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 I had my house for sale and the sale fell through after 3months. I need a lawyer to work for me against SPS and their unethical practices! 3. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. Then they denied to take anymore Partial payments. I was livid. Youre not alone either. What and who do I need to contact. He also says that he questioned SPS about his transaction history. 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 . Our account number if you go to the bank is still connected to Chase Bank. What can I do? 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. Yes!!! Did they ask you the same more than once? According to the Mortgage Bankers Associati. the content you have visited before, Advertising: Gather personally identifiable information such as name and location, Advertising: Use information for tailored advertising with third parties, Advertising: Allow you to connect to social sites, Advertising: Identify device you are using. 12 CFR 225.28 List of permissible nonbanking activities. I have no mortgage, loans or bills. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. I am ready for a lawsuit if there us one. I didnt think you could raise a mortgage every month, even if Im late paying it. Need help with predatory loan with this company. My daughter passed away and left everything to me in her will. It is important that you submit the documents to us as soon as possible because we . I know 5 other people that would gladly join this lawsuit against those CROOKS. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. I wish to contact this lawyer as well I have SPS and theyre Crooks . We keep getting letters from their lawyers saying they are going to foreclose on us. I am a Paralegal student. There is help out there!! Docket for Loza v. Select Portfolio Servicing, Inc., 7:17-cv-00430 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. then they send me a new letter saying different paper work is missing this been going on for seven years. My mortgage was jyst sold to SPS , May I jump on the train? They should not be in business and should hang by The Noose so what theyre doing to people and taking peoples homes. It is unbelievable and very stressful to deal with this company. However, this can result in some functions no longer being available. Consumer Protection Laws: TILA, RESPA, TILA and RESPA combined, The ECOA REG. OVERVIEW Plaintiff Jeanie Reese is the conservator for homeowner Leoma Musil. People do not modify with this company they will make it worse!!! They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. Servicing of mortgage loans and administration of escrow accounts. The U.S. Department of Treasury HAMP] was a potion of taxpayers money used to save Larger Banks, Insurance Companies and the automobile Industry In all cases, these Corporations had to pay back the money lent by the U.S. Treasury, EXCEPT the portion used under the Government Funded Program HAMP. I told my daughter that they werent going to help us and they havent! 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. Modification for YEARS. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! 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.. I received an escrow check from SPS inc made out to my ex-wife and myself. The Riveras seek to represent two separate Classes. On FB, there are groups of homeowners fighting for their homes (or to get the $ they deserve for being victims of fraudulent practices). Actions does not process claims and we cannot advise you on the Your email address will not be published. September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. Additional information General Correspondence P.O. You must contact the 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. 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. The bankruptcy was not completed until December 2019. Ive tried so many times with this company and all they have done is lied to me !!! You may not receive a monthly statement? I have been experiencing difficulties as well. Servicing of mortgage loans and administration of escrow accounts. 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. My loan was transferred to SPS and it is current! 100% agree they are just stealing our properties with help of judges. Mar. Always denied!! They changed my land records so there is no real chain of title. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. The firm's many attorneys have a wide range of expertise in all areas of the law. If someone can give us some advice, I would greatly appreciate it. 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. Ensured the foreclosure attorney continually expedites the foreclosure process in accordance with allowable timeframes. Bank of America never took over the house and sold the loan to SPS. They are in their mid 80s on social security. Terms and Conditions. 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. 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 . 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. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Again CROOKS! They are saying the balance is still 52,000. Targeted to increased both customer numbers and quantity of savings in the . Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. 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. The Judge overseeing this case is Micaela Alvarez. What would other Government Agencies will do? [Select] shall release its lien against the aforementioned property upon discharge.. They wont stop running up more fees and this has been going on for 3 years!!!! administrator or law firm. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. In the meantime I want to join the class action lawsuit against SzpS Portfolio because they screwed up my credit, I was denied reasonable accommodations that myself , family and friends needed but this company wouldnt recognize that they had illegally stolen my paid off mortgage . S u need to search lawsuits thats all pertain to yourself and stop. Select Portfolio Servicing has resolved 9 complaints. [Extreme, dont you think?]. Jul 2010 - Jan 20154 years 7 months. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. We just refinanced our loan to get out of their deceptive actions. 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. I decided to go back to school to study law because of the stress they have put me through. it all happened to us in the end stole our home we worked our entire lives for !! Engaging in prohibited actions [The Request for documents unrelated to a loss mitigation, mentioned here, it is considered a violation of RESPA and the CFPB had considered the Practice Unfair and Deceptive and likely to cause harm to consumers. We are paying interest only on like 50k at a 9% and after 30 yrs we owe them 153k wth!! Aug 2012 - 20142 years. According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. Claim forms are usually not made available to consumers until after a court approved settlement is reached. So they passed the HOT POTATOE .to Select Portfolio Services. I definitely believe they are fraudulant and they are illegally trying tot take my home. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. Please stop this company!! Ballooned our loan from $598 to $1250. SPS is definitely not into home retention as their website states. Lynn, Hello I am in the same boat same story.. Look for an attorney and sue themthey are ALL corrupt!! My loan was in default. $75,000.00 which, to this date has not been applied to the mortgage. I continue to make payments. 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. BankFirst - shut by FDIC. This field is for validation purposes and should be left unchanged. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. 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 tell you they can help with the programs they have. This is so incredibly cruel, underhanded and frustrating . and wondering if stumbling and bumbling company will make it out as the original check they just took over caliber home loans, i am paid up to date on my mortgage, & they just sent me the 2nd bill, $5206.64..!!!!!! All I can say is WOWHELP!!!!!!!!? They tell you they can help with the programs they have. In September 2016, it was confirmed by the court. SPS always says that buyer amount is too low(3 -4 good firm cash offers). These actions are in violation of RESPA, TILA, however, sometimes, they may also trigger other consumer laws, like [UDAAP, the ECOA REG.B and the FDCPA], among other consumer protection Laws Governed by Mortgage Servicing Rules. It is unbelievable and very stressful to deal with this company. also brought charges of money laundering against H.S.B.C. You can then Follow the article above, and get notified immediately when we post updates! Looking at other comments I dont think they have helped any one. I was able to catch up last year. 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.. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. We are in the same boat. 2019. How do you sue or bring charges to the forger . They are doing the same thing to my mom and dad in Gilbert SC. Management And Organization My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. They are violating 12 U.S. Code 2605. The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. We offer a submission form on our website for you to fill out if you are seeking class action legal help. Bank of America - cut 50 jobs at Legacy Asset Servicing unit in Fort Worth, TX. My statements and all my account info at SELECT PORTFOLIO SERVICING, shows the original balance of $86,395.00!! Ive been disputing this for almost 2 years now. This website is not intended for viewing or usage by European Union citizens. The class action lawsuit maintains Select Portfolio Servicing missed that five-day deadline in its communications with the Riveras, and likely with others.