They have actually done drive bys to make sure someone lives there. Please add me. 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. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . Since the fire I have been lied to by SPS reps regarding short pay offers. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. Sps forced a forbearance on me. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. 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 Select Portfolio Servicing, Inc. (SPS) and U.S. Bank, N.A. September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. 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? 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. Now all these years later I owe them $176 and change thousand dollars. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. We are trying to do a Modification and they keep saying they are not getting the right paperwork. 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. I first contacted SPS October 2018. The firm's many attorneys have a wide range of expertise in all areas of the law. In September I sent them the loan modification came with a ballon payment of 90k in 20 years. It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. that I was not being charged PMII proceeded to pay on time in advance of receiving bills and more than the minimum payment. I would also like to have my name added to this. 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. 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. 559.72(7), 559.72(9). How do i get in this or start a sue again select im losing my hm in june 2022..they take your money payment go up higher..they lawyer is a bad lier.. i file bankruptcy 2 time and they act like they was afraid of they lawyer..i work so hard for my hm to lose it..i apply 5 time for hardship and keep getting turn down.. Then decided to say that I was not eligible for any form of modification. Your email address will not be published. Location Loris, SC. 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 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. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. 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. Worst company to deal with and will not work with you at all. Then after that was submitted and then denied. My ex-husband and I have been held captive for years!!!! I decided to go back to school to study law because of the stress they have put me through. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. 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. 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. 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. 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. . I called SPS to catch up on the payments and they said they closed my loan and I would need to sell the house and pay the loan in full. Step 1: Submit required documents. 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 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. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. Four months later i keep getting the run around. Select Portfolio Servicing Is this your company? They tell you they can help with the programs they have. These banks with their pure greed, no government oversight (or no true oversight), corrupt Courts and lawyers are STEALING all our homes. F.B.I. 19-10204 (11th Cir. im gettting a lawyer. NOT. 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. Question how did I get a negative escrow if its threw my mortgage payment.I never missed a payment not even when I wasnt staying there when my home caught fire. They are violating 12 U.S. Code 2605. People do not modify with this company they will make it worse!!! 1. stating because of lender place insurance. This stops any other bank from redoing the loan. If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. What can I do? How do we sign up????? Select Portfolio Servicing is the defendant in a lawsuit that claims it refused to send the plaintiff information he requested pertaining to one of two mortgage loans. Credit Suisse USA and SPS: The U.S. They keep trying to steal my home. I sent it to SPS and they told me that they never received the money. They are a Threat to the General Public. 12 CFR 225.28 List of permissible nonbanking activities. Hello I am in the same boat same story.. 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. If your going to help them, dont bother me! Special Report / Tue 30 Apr, 2019. 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 . 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. There is so much fraud that no one can help me! 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. NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. 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. 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 We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. that has to be illegal. In court for 10 years b/c Chase is owner of loanor is it Bank if America? 6. 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 Select Portfolio Servicing As an Attorney Advertising Service Select Portfolio Servicing is one of the leading providers of portfolio servicing. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. I am ready for a lawsuit if there us one. Whos watchin the hen house ? This company is a bully, misleading, and screw a lot of customers over by taking their home. We showed proof of our loan and we were lucky our bank helped us through a refinance. Recently we were on a payment plan for our taxes 1/2 Miv and 1/2 June. I was with Bank of America for years and never had any issues, not even with late payments because I always paid the late fee. Looking at other comments I dont think they have helped any one. Yet loan sold again but no proof of ownership! Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. They stay in house. They also call me 3-4 times a week, at all hours. PLEASE HELP! 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. I need help to gett a loan modification. Counsel at Wargo, French & Singer on Monday removed a lawsuit against Select Portfolio Servicing, Deutsche Bank and JPMorgan Chase to Georgia Northern District Court. How do you sue or bring charges to the forger . [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. 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? We learned early on to wire the payment from our bank so they wouldnt delay payment postings. In March 2010, Fleming filed a Chapter 7 bankruptcy. However if I try to sell the house I would need to pay them plus the continued monthly interest. I wish the attorney handling this case look into my situation as well. Ct. Travis County, Tex. I Dad had insurance on the home with his payment and it was cashed in. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. 5. They refuse to work with you, they increase your notes higher to make sure you fail. Very unfair practices. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. 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 . What else can I do. If anyone can help, please contact me at lynn_sousa@yahoo.com. We got different answers to the same questions. 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. All I can say is WOWHELP!!!!!!!!? Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? It is unbelievable and very stressful to deal with this company. My bank shows the check for this month is pending, so what did SPS do with my check from last month. We cant refinance, cant amend the mortgage, etc. Just wondering WTF happened to my escrow account balance of $1500? On FB, there are groups of homeowners fighting for their homes (or to get the $ they deserve for being victims of fraudulent practices). This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! 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. When I told them to call AHL and figure it out I was told Thats not our job sir. 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. Read our Newswire Disclaimer Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. SPS always says that buyer amount is too low(3 -4 good firm cash offers). i tried talking to a representative which was no help. 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). All the issues you brought up are valid issues and an attorney can tell you how to protect your home. They sent people to my home to give us a letter to validate we live here. Jacksonville, Florida, United States. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. The first is all persons who received a notice of debt later than five days after first contact from Select Portfolio Servicing, within roughly the past year. . My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. We showed proof of our loan and we were lucky our bank helped us through a refinance. does anyone know a good one? I have had problems with my monthly mortgage since SPS has taken over the account. They lie about paperwork when you send it or what you should send to them! Nearly six years later, in 2016, Fleming filed a Chapter 13 bankruptcy, and then an amended Chapter 13 plan. I had a heart transplant and they stole my home from me . SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) 9. 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. Where do I begin? Does THAT sound familiar to you, did that happen to you, a friend or a family member? According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. For example, Select Portfolio Servicing advises a homeowner seeking loss mitigation options that a single point of contact ("relationship manager") has been assigned to assist with the communications, questions, or status' during the loss mitigation process. They wont be able to produce it! Debt collection company Select Portfolio Servicing is accused of sending debt collection letters that violate federal law, according to a class action lawsuit. 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. I would love to stick to these jerks. 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. 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. Sounds familiar! Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. 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. I had an adjustable mortgage and two years my interest went up so I was referred to an attorney through someone that I know. They are prime evil, liars and thieves!! 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 . 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. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. Think Im caught up and bam! I inquired how Thats being WAY to PC but I dont wanna offend anyone. SPS would never give me dates/amounts/ownership of loan. I need a lawyer to work for me against SPS and their unethical practices! 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 then they send me a new letter saying different paper work is missing this been going on for seven years. I am owed another escrow check Home Loans, Inc., the Supreme Court held that TILA requires only written notice, and not the filing of an actual lawsuit, within the three-year period for exercising the right of rescission. Seek help!! They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. I was livid. If someone can give us some advice, I would greatly appreciate it. All offers were denied. they said there investors about 20 of them will not extend a motg to 40 yrs. You can change these settings at any time. 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. The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. Entity featured on Fitch Ratings. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. They dont purchase loans. I just found out that SPS has basically duped me out of $40k. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. Misleading homeowners They said they would modify the agreement but only sent forms and saying they were sent and they were. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. BankFirst - shut by FDIC. Fines. Praying I wont be homeless!!! This field is for validation purposes and should be left unchanged. 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. settlement administrator or your attorney for any updates regarding In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. 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. I have been trying to get somewhere with them for over 9 months and getting no where. The company has many years of experience in providing legal representation to a variety of clients, including corporations . They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. It is a Federal Crime, and that happened Act quickly!! 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. 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