All the issues you brought up are valid issues and an attorney can tell you how to protect your home. Very unfair practices. 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! O'Brien alleges that defendants' efforts to enforce the mortgage on her property are predatory because they knew at the inception of the loan that she would never be able to repay it. also brought charges of money laundering against H.S.B.C. Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? They stay in house. 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. Yes!!! Internal Communication Even internal email exchange between employees I had received by mistake, the interaction demonstrates they they deceived the U.S. Treasury and Homeowners. Any help is appreciated!! 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 ! Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. You may not receive a monthly statement? My mortgage was owned by Flagstar Bank, who sold the loan to a company called ABS REO Trust III, a Delaware company. They lie about paperwork when you send it or what you should send to them! 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. They lie about what they say and do not communicate except by mail asking for more and more information. It is important that you submit the documents to us as soon as possible because we . I farther got a 62,000 dollar loan from a company in 1999 my father passed away in 2014 and was never late paying his mortgage. they dont want to help. Misleading homeowners The case status is Disposed - Other Disposed. Management And Organization Instead they dragged it out for years making it almost impossible to still be eligible as they would not accept any mortgage payments during this whole time. This is not the only recent class action lawsuit against Select Portfolio Servicing. I believe they are practicing unfair practices as I dont think they want us to keep the house. By interference and intrusion, acts of omission and misrepresentation They demoralized our Courts and Judges, they defy our Constitution. I am so stressed out over this. . I send SPS a check on the 1st of the month every month. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; The Judge overseeing this case is James Lawrence King. Need help with predatory loan with this company. This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. SPS is fully owned by Credit Suisse USA, a large investment Company. I finaly had to do a modifacation but my payment is not going to anything but interest, Add me also been dealing with them and their bs for years, Yes SPS gave me a run around for all 5 months. DWF > The Legal 500 Rankings Corporate and commercial > EU and competition Tier 1 DWF has noteworthy experience in advising private sector clients on matters spanning merger contr We CANT let them! 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 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. With no notice. I pay the late charges for being late. SPS is definitely not into home retention as their website states. SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) We are trying to do a Modification and they keep saying they are not getting the right paperwork. 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. 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 . 2, Report #1408758. A link to creating an account may be found here: https://topclassactions.com/signup/. So I am reporting of what I believe to be Unfair Lending Practices. how could i pay off my mortgage and still owe 90k on my house? 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. We are trying to do a Modification and they keep saying they are not getting the right paperwork. So because we have over $100k in equity in our home we believe they were trying to take our home as we find that chase bank is in trouble again. SPS always says that buyer amount is too low(3 -4 good firm cash offers). How do we sign up????? Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. 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. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. If someone can give us some advice, I would greatly appreciate it. We got different answers to the same questions. 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? [Select] shall release its lien against the aforementioned property upon discharge.. 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 is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. In November 2003, Select Portfolio Servicing then known as Fairbanks Capital agreed to pay $40 million to settle with the FTC and the U.S. Department of Housing and Urban Development. Whoever you signed your loan with is still responsible. U.S. RMBS Servicer Handbook: Servicing At A Glance . All Rights Reserved. Requesting for documents not related to the loss mitigation you applied for OR. 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"). 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. Looking at other comments I dont think they have helped any one. If it does look familiar, sadly you are not alone. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. I need a lawyer to work for me against SPS and their unethical practices! People do not modify with this company they will make it worse!!! SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. This still hasnt stopped them. Everything you State is FACT. 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. working with cuban Drug Lords Ref. In January 2018 I lost my home to SPS. They also said because they are not a bank I cannot do a loan modification. We keep getting letters from their lawyers saying they are going to foreclose on us. Id. 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 . I dont even want to get paid just get them off my account and put my mortgage back to the reasonable price I was paying at first. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. If they forgave $30,000 $100,000 or MORE and it was NOT beneficial to you, the homeowner They received at least DOUBLE of what they had forgiven you under the Settlement. Box 65450, Salt Lake City, UT 84165-0450 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. They are saying the balance is still 52,000. These unlawful deceitful practices must stopId like to join in based on the principle!!! 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 . November 22, 2019: Filing 3 CERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Select Portfolio Servicing, Inc.. (Hord, Michael) November 22, 2019: Filing 2 NEW CASE NOTES: A filing fee has been paid. I about lost it on them. This case was filed in U.S. District Courts, Texas Southern District. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. 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. I had my house for sale and the sale fell through after 3months. If they did, is the information in the 1098 FORM [which includes all the payments you made to SPS in interest and Principle reported to the IRS] correct and accurate? Did you sustain in your payments? Before my first payment to SPS was to be sent, they applied appx $8,000 in fees to the mortgage. 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 . My loan was in default. 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 . So they passed the HOT POTATOE .to Select Portfolio Services. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. The suit, for claims. Select Portfolio Servicing Inc. - SCOTUSblog Rose v. Select Portfolio Servicing Inc. Im interested in joining you on the lawsuit. 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. Paid mortgage on time last 14 months, until spouse stopped paying support money in October, SELECT PORTFOLIO SERVICING said they will modify my loan, I advised them I might refinance to do some repairs..3 days later my credit took a 71 point Hit due to 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. 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 SPS has charged off as well but keeps charging me monthly charges and harasses me multiple times daily . I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. 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. No refince with them or documents signed. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. They are in their mid 80s on social security. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. Worked with . September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. This stops any other bank from redoing the loan. 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. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. They say my income is not enough .. 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. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . Collection Agencies: slect porfolio servicing.
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