Did the terms of the Loan Modification you received was affordable and sustainable? Last months check hasnt cleared yet, so I suspect SPS is up to something. I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. I am fighting them with no attorney. Sign me up for any Class Action possible. I hate this company and will fight them till the end. SPS can controls the insurance, they pick the policy, price and force me to buy from only their vendor? In September 2016, it was confirmed by the court. Im behind on my mortgage because they keep raising it. 3. The company did not respond to messages seeking comment. In August/September 2016 I called SPS before even being billed and was assured by Melinda(?) 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. They keep trying to steal my home. Always denied!! Did anyone look into the 1098 FORMS SPS had mailed out to you for the years of 2017, 2018 and 2019? All they keep talking about it sell sell sell turn my house over to them. Hello I am in the same boat same story.. that has to be illegal. Three times already spanning three years. 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. 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. And of course each time they (the banks) are getting paid via their own insurance. We modified back in 2010 and did 2- three trial payments and some how after it was all said and done they added over 35k in fees and interest, left the same high interest rate plus they put us in a ballon payment. I have been trying to get somewhere with them for over 9 months and getting no where. 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). If your going to help them, dont bother me! They lie about what they say and do not communicate except by mail asking for more and more information. I am so stressed out over this. 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. There are over 9109 complaints on file for SELECT PORTFOLIO SERVICING, INC. How do we sign up????? 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. My husband is disabled we are on a tight income. Ive been trying to modify and assume mortgage after a divorce. Plaintiff's lawsuit seeks a temporary injunction to stop the foreclosure sale of her property located at 8308 Bridgetown Drive, Austin, Texas 78753 ("Property"). They tell you they can help with the programs they have. There is so much fraud that no one can help me! ( outside the United States). 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. Overview 292 Reviews 7 Jobs 392 Salaries 28 Interviews 68 Benefits 6 Photos 65 Diversity + Add a Review Select Portfolio Servicing Reviews Updated Feb 8, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 284 of over 292 reviews Sort Popular Popular COVID-19 Related Highest Rating Click Accept if you consent. I wish someone would stop them. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. Actions does not process claims and we cannot advise you on the Help me before their get started. This company is a disgrace tio have a legal right to do business in the USA. *If you. I sent it to SPS and they told me that they never received the money. B, UDAAP, FDCPA, to name a few: Countless Letters Internal Communication among employees Letters from other Homeowners which the Mortgage Loan was and is serviced by SPS The letters, emails, the modified payments ALL indicate the Mortgage Servicer has defrauded consumers and the U.S. Other documents, acts and practices, demonstrates the audacious acts the Servicer takes before our judicial system. Lynn, Hello I am in the same boat same story.. We got different answers to the same questions. A year later I have not received the replacement check for the one sent in. your claim status, claim form or questions about when payments are Dr.chayobriggs. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . The Settlement simply allowed the Investment Company not to fall into the DOJs black List, like BOA and Wells Fargo did. This case was filed in U.S. District Courts, Texas Southern District. They also call me 3-4 times a week, at all hours. 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. This company is a bully, misleading, and screw a lot of customers over by taking their home. All I can say is WOWHELP!!!!!!!!? PLEASE ADD US, JOSEPH and VENUS WILLIAMS! select_portfolio_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. are staring down a proposed class action that alleges the companies engaged in abusive collection activities concerning a New York consumer's mortgage loan. If you did, it is very LIKELY that you were duped! 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. 4, 2019). I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. Sep 23, 2019 - Loan Servicing Representative . Acting as intermediary for the financing of commercial or industrial income-producing real estate by arranging for the transfer of the title, control, and risk of such a real estate project to one or more investors, if the bank holding company and its affiliates do not have an interest in, or participate in managing or developing, a real estate project for which it arranges equity financing, and do not promote or sponsor the development of the property. 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. 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. Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. Consumer Protection Laws: TILA, RESPA, TILA and RESPA combined, The ECOA REG. The case status is Pending - Other Pending. Now they have raised my mortgage again saying to cover the negative escrow. They make it so hard to gather information that it is hard to know what to do. However if I try to sell the house I would need to pay them plus the continued monthly interest. So please count me in!!! v. Select Portfolio Servicing Inc., et al., Case No. Need help with predatory loan with this company. Mar. They lie about paperwork when you send it or what you should send to them! Bank of America - cut 70 mortgage jobs in Simi Valley, CA. We have filed modification loanpaper refiancing papers and deed of liue and now our short sale was denied. 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 . Ensured the foreclosure attorney continually expedites the foreclosure process in accordance with allowable timeframes. i have and im going through to take charge of my house . My sale was rescended so I had to continue paying the mortgage but SPS said they would not accept any more payments and charged off the loan. Wow. 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. 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 There is help out there!! to get the check sent in my name only. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. 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. 1. stating because of lender place insurance. 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. Before this lawsuit came out I told my momma something wasnt right about this company. I understand every one of these posts this company is terrible.So sad. It is unbelievable and very stressful to deal with this company. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. We finally gave up and lost our home. Consequently, [Selects] 2nd mortgage lien shall be stripped from this property upon discharge and will not [be] paid as an unsecured during the plan as this debt was previously discharged. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . Our account number if you go to the bank is still connected to Chase Bank. 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. You can not pay them on line as I did with my Bank before. We cant refinance, cant amend the mortgage, etc. Somebody needs to shut this company down. 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 do nothing to help besides deny all allegations, force place insurance and use foreclosure mill attorneys to submit fraud to the courts to steal homes. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. They are a Threat to the General Public. History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. 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. Since the fire I have been lied to by SPS reps regarding short pay offers. 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. If it does look familiar, sadly you are not alone. They said they cant extend it beyond that period. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. However, there are several other issues with SPS and would like to file a law suit in US District Federal or would like to get a class.action lawsuit does anyone know a good one? I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. The monthly re-payment plan is 4 xs times the amount of my regular monthly mortgage and is for 12 months. it all happened to us in the end stole our home we worked our entire lives for !! I need to find out about the class action lawsuit if possible. All over the country and getting away with it! What can I do? Praying I wont be homeless!!! i am so disgusted with sps. I call SPS and they tell me they will send me the paperwork and never do. 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. No one call tell me anything over the phone..I did try BK but only for just under 1 year b/c date of court filing us too OLD! They are prime evil, liars and thieves!! Unbelievable. Whos watchin the hen house ? It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. NOT. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. 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. Select Portfolio Servicing, Inc. 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. Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. Our mortgage is underwater, which means we owe more than the house is worth. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! Time for the halftime show! 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. We will use these documents to determine your eligibility for our deed-in-lieu option. Dec 28 2016. Aug 2012 - 20142 years. Now SPS is threatening to raise my interest rate to 3% and then 3.75% the next year. I inquired how When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. I was livid. Whom do I contact for more information regarding a lawsuit against SPS? Select Portfolio Servicing is a premier litigation funding company that focus on helping capital-type entities such as individual investors, venture capitalists, and private equity firms to engage in purchasing a large number of lawsuits. Dentons > Los Angeles, United States > Firm Profile. 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.. then they send me a new letter saying different paper work is missing this been going on for seven years. 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. Salt Lake City Utah Please go on SM and find a group that will help you! Count me in the class acton as well. As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Look for an attorney and sue themthey are ALL corrupt!! 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 I was told to send in my divorce decree, which I did. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! Thats being WAY to PC but I dont wanna offend anyone. how could i pay off my mortgage and still owe 90k on my house? In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. 12 CFR 225.28 List of permissible nonbanking activities. 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 ???? I would also like to have my name added to this. Additional information General Correspondence P.O. Guess what? Our payments went up 800 a month by the time we lost the house. 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. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. They are saying the balance is still 52,000. Yet loan sold again but no proof of ownership! I was able to catch up last year. I had my house for sale and the sale fell through after 3months. I have asked for assistance und3r federal law and each time they process, approve it, make me go through trial period and then say they did not get a final signature therefore it voids it. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. 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. I have been experiencing difficulties as well. Select Portfolio Servicing said a clause in their original loan provided a 20-year option. If someone can give us some advice, I would greatly appreciate it. Claim forms are usually not made available to consumers until after a court approved settlement is reached. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. SPS is definitely not into home retention as their website states. 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 I know theres a lot of us out there that, sadly, have experienced the same thing. I continue to make payments. The Riveras seek to represent two separate Classes. 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. September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. Entity featured on Fitch Ratings. Top Class After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. This field is for validation purposes and should be left unchanged. Collection Agencies: slect porfolio servicing. that reports on class action lawsuits, class action settlements, I am so stressed out over this. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. My ex-husband and I have been held captive for years!!!! Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. the loan modification came with a ballon payment of 90k in 20 years. This company is horrible. 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. I know 5 other people that would gladly join this lawsuit against those CROOKS. According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. We offer a submission form on our website for you to fill out if you are seeking class action legal help. No. 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. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. I decided to go back to school to study law because of the stress they have put me through. Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. Youre not alone either. 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. My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. I call SPS and they tell me they will send me the paperwork and never do. SPS sends me many letters each week telling me I am in default of the loan even though I pay on the 1st of every month, but not the amount that they say I am to pay. Id. I received an escrow check from SPS inc made out to my ex-wife and myself. 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 called the lender yesterday to get a payoff quote for refinancing and they tell me I have to get it from this SPS outfit. Our account number if you go to the bank is still connected to Chase Bank. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. This website is not intended for viewing or usage by European Union citizens. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. Our mortgage is underwater, which means we owe more than the house is worth. According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. I am a Paralegal student. Ive been disputing this for almost 2 years now. I pay the late charges for being late. 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. 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! Thank you. Pursuant to Misc. Am facing foreclosure after numerous attempts to get a modification. Then they denied to take anymore Partial payments. 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. 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. Thank you, I would like to get in on this class action lawsuit. But I cant find any lawyer or program to help me. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. They tell you they can help with the programs they have. If there is a class action against them Id love the chance to run this company out. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. We have refinanced an equity loan which banks do not resell. Click Change Settings if you want to tailor the use of your cookies. SPS has been blocking every attempt for the short sale to go through. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC.