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 . After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. I Dad had insurance on the home with his payment and it was cashed in. My loan was in default. 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. I had a extremely bad fall with a serious injury. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. Ortega et al v. Select Portfolio Servicing, Inc. - UniCourt Dentons Offices They lie about paperwork when you send it or what you should send to them! Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . Ripoff Report | spservicing complaints, reviews, scams, lawsuits and 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. Our account number if you go to the bank is still connected to Chase Bank. They will not offer me any form of payback or payment plan within my means whatsoever, state that Fannie Mae declining the fact of the furring the money to the end of the loan. How do I sign up I do not see anything here They are by far the worst company I have ever had to deal with. It is unbelievable and very stressful to deal with this company. I really cant afford this payment now. They sent people to my home to give us a letter to validate we live here. Click Change Settings if you want to tailor the use of your cookies. I never received anything from an attorney. Woman sues Select Portfolio Services for predatory lending We owed 165k and did three trial payments and after 9 months of modification they added 40k to our loan, how is it even possible we now owe 203k with a ballon payment for 30 yrs. 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. They are prime evil, liars and thieves!! There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. Select Portfolio Servicing Lawsuit - Laws Tips 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. First Major State Lawsuit Filed Over 'Robo-Signing' - CNBC Management And Organization Im interested in joining you on the lawsuit. also brought charges of money laundering against H.S.B.C. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. 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. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. Your email address will not be published. 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. Credit Suisse USA and SPS: The U.S. Thank you, I would like to get in on this class action lawsuit. I about lost it on them. Loza v. Select Portfolio Servicing, Inc. (7:17-cv-00430) - CourtListener 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. SPS can controls the insurance, they pick the policy, price and force me to buy from only their vendor? You can change these settings at any time. According to the Mortgage Bankers Associati. I dont think thats fair and its illegal they even knock down the percent to 9% but how is that helping me Im in the same boat as you we need to get together or something we need people 2 somehow sue them and owne houses, I have my purchase of my house since 2006 im hold all points of fraud i found out there lic expired 2 yaers ago and they have a lic to only collect but there monthly charge went for 3000 to next month 6000 i have it without a letter why. Bank of America - closed mortgage center near Portland, OR, 102 layoffs. Two classes have been defined for this action. Major Legal Setbacks For Student Loan Giants Navient, FedLoan Servicing 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. Please add me to any lawsuit against SPS. 7. 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. Somebody needs to shut this company down. Then said loan is getting purchased for pennies on the dollar. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. [Extreme, dont you think?]. 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. Im so fed up with SPS. Time for the halftime show! HELP I am currently trying to get a modification on my mortgage with SPS , after filing chapter 13 to save it after they refused the first modification, Help what do I do. Ive been trying to modify and assume mortgage after a divorce. 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Our mortgage is underwater, which means we owe more than the house is worth. 9. SPS always says that buyer amount is too low(3 -4 good firm cash offers). They also said because they are not a bank I cannot do a loan modification. My name is Lisa House I too am being used by SPS SERVICING. I call SPS and they tell me they will send me the paperwork and never do. In September 2016, it was confirmed by the court. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. My SPS - Apps on Google Play If they feel you qualify, they will contact you directly. 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 . Specifically, the lawsuit alleged that FedLoan Servicing engaged in a variety of activities, such as processing delays and erroneous eligibility determinations, that forced people into. I first contacted SPS October 2018. We showed proof of our loan and we were lucky our bank helped us through a refinance. They paid 3 homeowners insurance Companies and charge for each in2021. Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? Worst company to deal with and will not work with you at all. This is so incredibly cruel, underhanded and frustrating . how could i pay off my mortgage and still owe 90k on my house? That is a violation of my Civil Rights that are protected and covered under the ADA ACT. 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. 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. 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. 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. Claim forms are usually not made available to consumers until after a court approved settlement is reached. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. Servicing of mortgage loans and administration of escrow accounts. Attorneys will then review your submission to determine if you have a case. that has to be illegal. There were no new terms agreement made or signed so there is no ceiling to a stopping point. the loan modification came with a ballon payment of 90k in 20 years. Bank of America - cut roughly 100 mortgage jobs in Charlotte. One of the most unethical companies Ive experienced. There are over 9109 complaints on file for SELECT PORTFOLIO SERVICING, INC. You must contact the Bank of America - cut 50 jobs at Legacy Asset Servicing unit in Fort Worth, TX. TARP Funds [See. I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! 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. SPS said they would not accept any more payments and charged off the loan. This company is horrible. Tip #1 So make your payment via a bank wire and if they say they didnt receive it your federally backed bank lawyer will jump in for you and prove you did make that payment on time. [Resolved] Select Portfolio Servicing Review: Awful company I told them I was going to get a lawyer if they did not refund my $500.00. I decided to go back to school to study law because of the stress they have put me through. Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. website. In court for 10 years b/c Chase is owner of loanor is it Bank if America? the sad thing is nothing will come of anyones complaints or lawsuits. 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.. Ensured the foreclosure attorney continually expedites the foreclosure process in accordance with allowable timeframes. They are a Threat to the General Public. v. Select Portfolio Servicing Inc., et al., Case No. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. I owe more on my house them when I purchased it. 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. Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. This company for real needs investigated. How do we sign up????? After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. I am fighting them with no attorney. Learn more about the cookies we use. Mary Kathryn O'Brien brought this lawsuit in Essex Superior Court against Select Portfolio Servicing, Inc. (SPS), and Deutsche Bank National Trust Company. I have had problems with my monthly mortgage since SPS has taken over the account. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. 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. Ive tried so many times with this company and all they have done is lied to me !!! The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. PS my email is chayote23@yahoo or hit my facebook. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. Check your chain of titles theyre probably all fraudulent making the chain of title void. No one will help including attorney general, CFBP nor any federal agency. A Long List of Mortgage Layoffs, Mergers, and Closures Bank of America - cut 70 mortgage jobs in Simi Valley, CA. Where do I begin? 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 . Ugh it is horrible. Contents. your claim status, claim form or questions about when payments are I have submitted countless of documents more than once. I sent the payoff check to the company overnight certified mail that cost me $ 420.00+ dollars and that company refused to accept that check until the southern man came out in me. 19-10204 (11th Cir. they dont want to help. I need to find out about the class action lawsuit if possible. Ripoff Report | select portfolio servicing complaints, reviews, scams The check usually clears in 5-6 days. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. Daniela Atencio Martin - Portfolio Solutions Leader - LinkedIn 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. I am a veteran I served six years in the military only to be homeless? Aug 2012 - 20142 years. 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 someone can give us some advice, I would greatly appreciate it. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. When trying to speak with someone on the phone, nothing but the runaround and incompetence. 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. Please let me know if I can join the lawsuit. Salt Lake City Utah The bankruptcy was not completed until December 2019. Our payments went up 800 a month by the time we lost the house. Ive done my homework on them and havent found anything good. SPS Undermines the United States and diminishes our Judges and Courts. I want to get away from this company but they wont allow me to refinance with anyone else. 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. Hello I am in the same boat same story.. My bank shows the check for this month is pending, so what did SPS do with my check from last month. 4. In September I sent them 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. 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. 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. 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. Help me before their get started. The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. Terms and Conditions. I know 5 other people that would gladly join this lawsuit against those CROOKS. They try to scam you on the loan modifications also. We just refinanced our loan to get out of their deceptive actions. SPS has also been heavy handed with me, offering me a modification. 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. Sounds familiar! 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! This is one of the most unprofessional companies that I have ever come across. This has to STOP! This company is a bully, misleading, and screw a lot of customers over by taking their home. 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. I definitely believe they are fraudulant and they are illegally trying tot take my home. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. They only are a servicer for your loan. Before my first payment to SPS was to be sent, they applied appx $8,000 in fees to the mortgage. Sps forced a forbearance on me. Select Portfolio Servicing Lawsuit. This case was filed in U.S. District Courts, Texas Southern District. 1692d, 1692e, 1692f, and the FCCPA, Fla. Stat. They only send a power of attorney for SPS to handle the payments of the loan. I hate this company and will fight them till the end. So they passed the HOT POTATOE .to Select Portfolio Services. . My home burned 3-16-16. They are saying the balance is still 52,000. I have been experiencing difficulties as well. This website is not intended for viewing or usage by European Union citizens. They have also upped my escrow account even though my insurance rates and taxes have not gone up. A link to creating an account may be found here: https://topclassactions.com/signup/. The Riveras seek to represent two separate Classes. Entity featured on Fitch Ratings. Plaintiff claimed that several mortgage statements sent by Portfolio misstated a number of items, including the principal due, and that by sending these incorrect statements, Portfolio violated the . F.B.I. They are violating 12 U.S. Code 2605. They have actually done drive bys to make sure someone lives there. Mar. Then decided to say that I was not eligible for any form of modification. 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. 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. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. Select Portfolio Servicing Lawsuits - Legal Axe Salt Lake City, Utah. 1. stating because of lender place insurance. History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Man Sues Select Portfolio Over Debt Collection Claims Requesting for documents not related to the loss mitigation you applied for OR. Servicer may pay over $200,000 to settle class-action suit 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. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. 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. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. Door is shut to millions of American homeowners in need of mortgage This field is for validation purposes and should be left unchanged. But in November of that year, Select again tried to collect the mortgage from her. https://topclassactions.com/wp-admin/admin-ajax.php. My house is paid off twice now because of this Fraudulent Company and I am going through the correct channels for the Federal Government to shut this unrated , nonexistent BBB company . I am ready for a lawsuit if there us one. There is help out there!! 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. The organization has also helped her consider strategies for dealing with her mortgage servicer, Select Portfolio Servicing. 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 They are still charging me drive-by fees every month. Special Report / Tue 30 Apr, 2019. Perkins Coie is known for its high standards and commitment to excellence. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. 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 ???? They should not be in business and should hang by The Noose so what theyre doing to people and taking peoples homes. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans.