In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. I want to get away from this company but they wont allow me to refinance with anyone else. 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? 3, Report #1346112. 3. It is unbelievable and very stressful to deal with this company. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. This is not the only recent class action lawsuit against Select Portfolio Servicing. 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 . This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! Salt Lake City Utah Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. DEMAND to see the wet ink note (the original). ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. We got different answers to the same questions. It is a Federal Crime, and that happened Act quickly!! Our payments went up 800 a month by the time we lost the house. Read our Newswire Disclaimer They lie about paperwork when you send it or what you should send to them! 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! We learned early on to wire the payment from our bank so they wouldnt delay payment postings. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; This attorney was supposed to help me get a loan modification for me but all he did was delayed my payments fir two years, then he said I could file for chapter 13 bankruptcy modification so I got in touch with another attorney who helped me get the chapter 13 bankruptcy to save my home but select profolio refused to give me a modification on my property. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. . I can go on and on, but I pray that God sends someone to all the people who they deceive, so we can overcome this nightmare! and wondering if stumbling and bumbling company will make it out as the original check Having trouble trying to save my home from these thieves!! i am so disgusted with sps. Whoever you signed your loan with is still responsible. As of today (9/15/2018) the Deed of the house is still in my name. I have been dealing with these people since the August 2016 Historical Flood! This company is horrible. 12 CFR 225.28 List of permissible nonbanking activities. Terms and Conditions. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. They are prime evil, liars and thieves!! Later my mortgage was transferred to SPS and I have had hell every since. We keep getting letters from their lawyers saying they are going to foreclose on us. In January 2018 I lost my home to SPS. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. Submitted paperwork many times with this form is missing etc now the home has been sold and the first mortgage sent me a 1099 but charged off . It has been nothing but a nightmare, since they took over mt mortgage a few years ago. 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 were no new terms agreement made or signed so there is no ceiling to a stopping point. PLEASE HELP! 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. So because we have over $100k in equity in our home we believe they were trying to take our home as we find that chase bank is in trouble again. 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. The servicing portfolio consists of 742,000 non-agency RMBS loans totaling approximately $131.91 billion, 96,500 third-party serviced loans totaling $15.96 billion and 61,000 agency loans totaling $9.65 billion. What else can I do. The company has many years of experience in providing legal representation to a variety of clients, including corporations . status of any class action settlement claim. I never received anything from an attorney. I dont understand how that helps me when I used the money to fix my property, so where do they think I have the balloon payment they are requesting. 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. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. The company is now asking for 2 Proofs of Occupancy. Before them. select_portfolio_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. We are in the same boat. Looking at other comments I dont think they have helped any one. They wont be able to produce 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. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. Dentons > Los Angeles, United States > Firm Profile. The case is still moving through the courts and has not yet reached a settlement. 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. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. I really cant afford this payment now. I have no mortgage, loans or bills. Our account number if you go to the bank is still connected to Chase Bank. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! On two This outfit needs to be exposed! The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. 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. 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. also brought charges of money laundering against H.S.B.C. Published by New York State Law Reporting Bureau pursuant to Judiciary Law 431. . Misleading homeowners SCOTUSblog Coverage Petitions of the week (Andrew Hamm, April 2, 2020) The class action lawsuit maintains Select Portfolio Servicing missed that five-day deadline in its communications with the Riveras, and likely with others. that reports on class action lawsuits, class action settlements, Then decided to say that I was not eligible for any form of modification. The house was left to me in the will and I was his executor. You can then Follow the article above, and get notified immediately when we post updates! I am so tired of this harassment. I hate this company and will fight them till the end. All I can say is WOWHELP!!!!!!!!? Thank you. Everything you State is FACT. Did SPS mail you a letter stating they had filed a lawsuit to FC in your home and they never did? They stay in house. U.S. RMBS Servicers Scrubbing Their Portfolios of Problem Loans. they just took over caliber home loans, i am paid up to date on my mortgage, & they just sent me the 2nd bill, $5206.64..!!!!!! 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. Just wondering WTF happened to my escrow account balance of $1500? I call SPS and they tell me they will send me the paperwork and never do. Did the terms of the Loan Modification you received was affordable and sustainable? I owe more on my house them when I purchased it. The organization has also helped her consider strategies for dealing with her mortgage servicer, Select Portfolio Servicing. My Bank sent them $34,000.00 on 2/15/2019 I called and ask them to apply $34,000to my Principal only when they received the check, I was told they made a record to do that when the check received, instead they took out extra Mortgage payment for the following month even auto paid is set up for my regular monthly payments when I called them concerning the payments I was told I did not call then when they received the check and that is how the computer is set up to take another month mortgage payments how would I know the exact time and date they received the check, I was never advised that is what I have to do to call them every 5 minutes to remind them, I also lost my home in 2014 due to increased and added fees I just couldnt keep up with and they would not work with me. However if I try to sell the house I would need to pay them plus the continued monthly interest. I am ready for a lawsuit if there us one. Youre not alone either. Does anyone know if there is a pending law suit against SPS. I am a veteran I served six years in the military only to be homeless? They should not be in business and should hang by The Noose so what theyre doing to people and taking peoples homes. As reported by Topclassactions.com, the claim period for the Select Portfolio Servicing force-placed insurance coverage lawsuit is currently open. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. BankFirst - shut by FDIC. This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. This company will steal your home!! administrator or law firm. Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. Servicing of mortgage loans and administration of escrow accounts. Four months later i keep getting the run around. DWF > The Legal 500 Rankings Corporate and commercial > EU and competition Tier 1 DWF has noteworthy experience in advising private sector clients on matters spanning merger contr Special Report / Tue 30 Apr, 2019. anyting less then shutting them down and canceling all debts held by them will be a loss. Time for the halftime show! 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. Please add me.. I wish There was some way to get back at this company. So please count me in!!! We just refinanced our loan to get out of their deceptive actions. Yeap you all are correct they are crooks! I dont care if God strikes my home and burns it to the ground. Hello I am in the same boat same story.. If someone can give us some advice, I would greatly appreciate it. 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? [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. We showed proof of our loan and we were lucky our bank helped us through a refinance. All offers were denied. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. Sep 23, 2019 - Loan Servicing Representative . Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? We received a letter from SPS who instructed us to send the mortgage payment to them. We are trying to do a Modification and they keep saying they are not getting the right paperwork. They said they would modify the agreement but only sent forms and saying they were sent and they were. Select Portfolio Servicing DEBT COLLECTOR CALLS?https://www.lemberglaw.com/select-portfolio-servicing-sps-collectio. 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. It is unbelievable and very stressful to deal with this company. Plaintiff's lawsuit seeks a temporary injunction to stop the foreclosure sale of her property located at 8308 Bridgetown Drive, Austin, Texas 78753 ("Property"). America mourns for Her people. Please add me in they are fraudulent company . People; Product; Insights; Search . 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. But I cant find any lawyer or program to help me. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. No refince with them or documents signed. The F.B.I. Wow. Step 1: Submit required documents. I told my daughter that they werent going to help us and they havent! 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 Thank you, I would like to get in on this class action lawsuit. Help me before their get started. I first contacted SPS October 2018. You can submit your information here: https://topclassactions.com/start-a-class-action/. 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. A link to creating an account may be found here: https://topclassactions.com/signup/. I have had problems with my monthly mortgage since SPS has taken over the account. 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. I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. 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. 1. stating because of lender place insurance. slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. I pay the late charges for being late. 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. 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 . 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. The F.T.C. I need help to gett a loan modification. Setting up a free account with Top Class Actions will allow you to receive instant updates on ANY article that you Follow on our website. 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. Dentons Offices 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 check usually clears in 5-6 days. Privacy Policy | They never intend to approve my modification. They are in their mid 80s on social security. My name is Lisa House I too am being used by SPS SERVICING. I was livid. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. Please stop this company!! *If you. Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. 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. They have no feelings, they mess up your credit so you cant get a loan no where else. i tried talking to a representative which was no help. Collection Agencies: slect porfolio servicing. ialso pays to do a ferinzic audit .i did now i can sue them all. After a year of fruitless negotiations between major U.S. banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure . These banks with their pure greed, no government oversight (or no true oversight), corrupt Courts and lawyers are STEALING all our homes. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. 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. NOT. 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. Attorneys will then review your submission to determine if you have a case. Guess what? In September I sent them A class action has been brought in the Eastern District of New York against defendant Select Portfolio Servicing, Inc., ("SPS"), a servicing agent for residential mortgage loans, unlawful and deceptive acts, practices and misconduct in connection with the ownership and servicing of residential mortgage loans, including, but not limited to the Select Portfolio Servicing said a clause in their original loan provided a 20-year option. I wish we all came get them in order and money back they owe us they the devil I seen in person theyre evil, I need someone to help me with my law suit what all they did to me to much to write about, but they need to be stop. All over the country and getting away with it! May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. Click Accept if you consent. 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. 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. creating another long drawn out process. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. The complaint quotes the plan as saying, The value of [Selects] second mortgage claim on Debtors property is valued at zero. Where do I begin? they said there investors about 20 of them will not extend a motg to 40 yrs. 6. 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. So I am reporting of what I believe to be Unfair Lending Practices. That Tip #2. For them to do so is FRAUD and they can be sued for it!! HOW DO I JOIN THIS LAW SUITE? With no notice. It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. The second is all persons who received a notice of debt from Select Portfolio Servicing which stated the amount of the debt would increase because of late chargesthat vary from day to day. The class action requests statutory damages of up to $1,000 per violation. Then they denied to take anymore Partial payments. If there is a class action against them Id love the chance to run this company out. They also call me 3-4 times a week, at all hours. 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"). They just did it. 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. I told them I was going to get a lawyer if they did not refund my $500.00. Years ago, they got us Homeowners Insurance which was Over$2,200 for the year, which I just recently found out after the Insurance Company dropped us, saying they were informed we did not live here. I. They said they cant extend it beyond that period. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . The Riveras seek to represent two separate Classes. 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. This website is not intended for viewing or usage by European Union citizens. I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. This stops any other bank from redoing the loan. I would also like to have my name added to this. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. I need to find out about the class action lawsuit if possible. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . They dont purchase loans. Mar. My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. Since the fire I have been lied to by SPS reps regarding short pay offers. Once they saw we were trying to refinance our loan they changed our stays at the Tax Office to say we already had it as an Equity Loan. Select Portfolio Servicing, Inc. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. He also says that he questioned SPS about his transaction history. I continue to make payments. I about lost it on them. And no one has the same story! These actions are in violation of RESPA, TILA, however, sometimes, they may also trigger other consumer laws, like [UDAAP, the ECOA REG.B and the FDCPA], among other consumer protection Laws Governed by Mortgage Servicing Rules. Select portfolio is scum! This still hasnt stopped them. Additional information General Correspondence P.O. SPS can controls the insurance, they pick the policy, price and force me to buy from only their vendor? i am broken hearted at thought of losing my home with my disabled child. NOTHING OR they will be FINED again, and the day after, they will continue to engage in the same pattern of prohibited practices. The Judge overseeing this case is Micaela Alvarez. Saying I have a negative escrow account of 2000.00 sumin dollars which I dont understand how when my taxes and insurance was threw my mortgage payment. They say my income is not enough .. I know theres a lot of us out there that, sadly, have experienced the same thing. The person represented SPS and the person was driving a car with license plates registered to a truck. Need help with predatory loan with this company. If anyone can help, please contact me at lynn_sousa@yahoo.com. ( outside the United States). Ive been trying to modify and assume mortgage after a divorce. If you did, it is very LIKELY that you were duped! They are still charging me drive-by fees every month. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! 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. I have SPS they have bilked me for late charges that I didnt owe they also sent me my address with some other customers name on my homes bill. My daughter passed away and left everything to me in her will. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! Our account number if you go to the bank is still connected to Chase Bank. $75,000.00 which, to this date has not been applied to the mortgage. S u need to search lawsuits thats all pertain to yourself and stop. Whom do I contact for more information regarding a lawsuit against SPS? 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. Sps forced a forbearance on me. Yet loan sold again but no proof of ownership! Mackroy claims he and his wife never requested the 20-year option and they never missed a payment. 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. 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. 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. They send you around the mulberry bush asking for the same paperwork and then saying they never received it.