The Judge overseeing this case is James Lawrence King. so They passed the HOT POTATOE to U.S.Bank National Association . My house was up for sale, offer was was rescended so I had to continue paying the mortgage. The case status is Pending - Other Pending. Requesting for documents not related to the loss mitigation you applied for OR. https://topclassactions.com/wp-admin/admin-ajax.php. REFUSING payments, Increasing payment over $200 for no reason then claiming they never got my escrow from Accredited Home Lenders, REFUSING to let me pay on the Principal because it would change my monthly payment, LOOSING payments that cleared my bank. They are the worst scum EVER! I paid that am out plus have been current in my payments ever since. I never received anything from an attorney. 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. SPS never took ownership of the house. Oct 26 2017. The house was left to me in the will and I was his executor. My sister and Insurance Agent stayed on the phone with the company over 4 hours and got no where . Look for an attorney and sue themthey are ALL corrupt!! All I can say is WOWHELP!!!!!!!!? NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. Now all these years later I owe them $176 and change thousand dollars. 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. Founded in 1989, SPS is not accredited by the Better Business Bureau and has received hundreds of complaints for billing/collection problems and potential FDCPA violations. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. They only send a power of attorney for SPS to handle the payments of the loan. It is a Federal Crime, and that happened Act quickly!! Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. 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. Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. SELECT PORTFOLIO SERVICING, INC - Consumer Complaints - intlbanking.org I have had it. Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? 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"). However if I try to sell the house I would need to pay them plus the continued monthly interest. Mackroy claims he and his wife never requested the 20-year option and they never missed a payment. 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. And of course each time they (the banks) are getting paid via their own insurance. 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 after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. expected to be mailed out. They only are a servicer for your loan. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. 2. Select Portfolio Servicing Facing Lawsuit Over Alleged - Class Action 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 . They have actually done drive bys to make sure someone lives there. I am in agreement with statements made here and I am also a victim of this company. Then said loan is getting purchased for pennies on the dollar. This is one of the most unprofessional companies that I have ever come across. It is unbelievable and very stressful to deal with this company. Im not the sharpest knife in the droor, but a blind man could smell these SCUM BAGS 2Big2fail ??? im gettting a lawyer. i am so disgusted with sps. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . Looking at other comments I dont think they have helped any one. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. I have had a letter from 4 different law firms companies that has taken over this account and trying to foreclose on my home August 77th 2018. I know theres a lot of us out there that, sadly, have experienced the same thing. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. 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? . My husband is disabled we are on a tight income. Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? Jul 2010 - Jan 20154 years 7 months. Thank you, I would like to get in on this class action lawsuit. 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. 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. SPS said they would not accept any more payments and charged off the loan. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . When I told them to call AHL and figure it out I was told Thats not our job sir. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! I wish to contact this lawyer as well I have SPS and theyre Crooks . Who, between December 30, 2018 and the pendency of this class action, Received correspondence from Select Portfolio Servicing that is the same or substantially similar to the mortgage statement at issue in this case, For the purposes of collecting on a consumer debt. 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 . Our account number if you go to the bank is still connected to Chase Bank. Our mortgage was purchased by Select Portfolio and they have attached so many fees and false charges that we owe $10,000 more than the mortgage amount was in the first place. They sent people to my home to give us a letter to validate we live here. Select Portfolio Servicing Lawsuit - Law Cost They send you around the mulberry bush asking for the same paperwork and then saying they never received it. 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. I have even gone to the bbb about them they constantly call and harass me and now are hiking my payments up they are not a true mortgage co. but a debt collector. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. 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. I decided to go back to school to study law because of the stress they have put me through. I have been experiencing difficulties as well. But according . Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. Wiley et al v. Select Portfolio Servicing, Inc. 5:2019cv00250 | US They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. Servicing of mortgage loans and administration of escrow accounts. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . I tried continuously to modify my loan after falling behind. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. they dont want to help. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . your claim status, claim form or questions about when payments are 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. Ballooned our loan from $598 to $1250. Decide which cookies you want to allow. IL. slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. Then requested a Proof of Occupancy. 6. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. Three times already spanning three years. PS my email is chayote23@yahoo or hit my facebook. I am owed another escrow check The person represented SPS and the person was driving a car with license plates registered to a truck. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. !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! Yeap you all are correct they are crooks! The court granted her a discharge in July. From refusing to give me copies of my loan and paperwork stating they own my loan to reporting to the credit bureaus that i had modified with them when i was trying to get refinanced because they were playing stupid games with their modifications putting my payments on hold and charging me interest and fees that they couldnt explain while holding my payments unapplied. 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. Feb 13 2019 09:11 AM Bank of America never took over the house and sold the loan to SPS. 15, 18.) I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. 7. If there is a class action against them Id love the chance to run this company out. We are trying to do a Modification and they keep saying they are not getting the right paperwork. This has to STOP! Then after that was submitted and then denied. Servicing of mortgage loans and administration of escrow accounts. People; Product; Insights; Search . All Rights Reserved. Ripoff Report | select portfolio servicing complaints, reviews, scams the mortgage is 760 and the taxes 1166. i have tried for year s to modify. This is so incredibly cruel, underhanded and frustrating . After fighting with them for 4 months and only paying them my original payments they told me that they Never received my escrow account from AHL. No refince with them or documents signed. It has been one thing after another with SPS. Our mortgage is underwater, which means we owe more than the house is worth. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. creating another long drawn out process. I am ready for a lawsuit if there us one. It is unbelievable and very stressful to deal with this company. You can not pay them on line as I did with my Bank before. even more owed! The bankruptcy was not completed until December 2019. 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. administrator or law firm. 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.. 1. stating because of lender place insurance. In court for 10 years b/c Chase is owner of loanor is it Bank if America? I call SPS and they tell me they will send me the paperwork and never do. Two classes have been defined for this action. SPS PORTFOLIO HAS TO GO!!! 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 . Select Portfolio Servicing Class Action Targets Debt Collection, Select Portfolio Servicing settled a separate class action lawsuit, https://topclassactions.com/start-a-class-action/, http://www.consumeradvocates.org/find-an-attorney, Social Security Disability application & appeal claim review, Abbott baby formula recall lawsuit investigation, Essential: Remember your cookie permission setting, Essential: Gather information you input into a contact forms, newsletter and other forms across all pages, Essential: Keep track of what you input in a shopping cart, Essential: Authenticate that you are logged into your user account, Essential: Remember language version you selected, Functionality: Remember social media settings, Functionality: Remember selected region and country, Analytics: Keep track of your visited pages and interaction taken, Analytics: Keep track about your location and region based on your IP number, Analytics: Keep track of the time spent on each page, Analytics: Increase the data quality of the statistics functions, Advertising: Tailor information and advertising to your interests based on e.g. SPS is fully owned by Credit Suisse USA, a large investment Company. You can change these settings at any time. If it is NOT.. This stops any other bank from redoing the loan. Rose v. Select Portfolio Servicing, Inc., 945 F.3rd 226 (5th Cir. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. 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? Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. People do not modify with this company they will make it worse!!! This company is fraudulent and harassing. We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. That lawsuit alleged that Select Portfolio Servicing received illegal kickbacks from the insurance company it used when the debt collector had to obtain insurance on a debtors property. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. Hello I am in the same boat same story.. I signed up for the HARP program which gave we a 2% interest rate. Guess what? 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. This stops any other bank from redoing the loan. Select Portfolio Servicing, Inc. Credit Ratings :: Fitch Ratings They lie about what they say and do not communicate except by mail asking for more and more information. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Id. Jacksonville, Florida, United States. Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. One of the most unethical companies Ive experienced. According to the Mortgage Bankers Associati. are staring down a proposed class action that alleges the companies engaged in abusive collection activities concerning a New York consumer's mortgage loan. Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. Struggling with this payment. The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. SPS bonus for liars, cheaters and thieves? Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. By interference and intrusion, acts of omission and misrepresentation They demoralized our Courts and Judges, they defy our Constitution. 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. S u need to search lawsuits thats all pertain to yourself and stop. i tried talking to a representative which was no help. Credit Ratings, Research and Analysis for the global capital markets. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. My ex-husband and I have been held captive for years!!!! I wish the attorney handling this case look into my situation as well. I have been trying to sell the house in a Short Sale. Select Portfolio Servicing has resolved 9 complaints. Well they file to foreclose and I returned file bankruptcy. Now they said that all the paper work was submitted on time but they are not gonna do anything about it .. so i apply for default basically . Were almost there to shut them down and make them pay back all of us!!! SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) I didnt think you could raise a mortgage every month, even if Im late paying it. Someone PLEASE CONTACT ME. 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. If someone can give us some advice, I would greatly appreciate it. This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. Please add me to any lawsuit against SPS. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. PLEASE HELP! I call SPS and they tell me they will send me the paperwork and never do. 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.. According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. 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. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. They wont release the mortgage. 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. Somebody needs to shut this company down. 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. 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. There is help out there!! Salt Lake City Utah 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. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. 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. and I never missed a payment. Im behind on my mortgage because they keep raising it. 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. also brought charges of money laundering against H.S.B.C. The F.B.I. 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. 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.. Always denied!! I believe they are practicing unfair practices as I dont think they want us to keep the house. Thats what they want! I am so stressed out over this. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website.