(ii) Arranging commercial real estate equity financing. September of 2014 my dad had already paid over 94,000.00 dollars way over what he was to pay back. We have filed modification loanpaper refiancing papers and deed of liue and now our short sale was denied. The company has many years of experience in providing legal representation to a variety of clients, including corporations . They are prime evil, liars and thieves!! They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; NOT. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. I get calls from Select Portfolio at least once daily. It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. Select Portfolio Servicing Inc. - SCOTUSblog Rose v. Select Portfolio Servicing Inc. Jacksonville, Florida, United States. They said they would modify the agreement but only sent forms and saying they were sent and they were. Then requested a Proof of Occupancy. My loan was in default. Did the terms of the Loan Modification you received was affordable and sustainable? Yet loan sold again but no proof of ownership! I send SPS a check on the 1st of the month every month. Select Portfolio Servicing, Inc., No. Collection Agencies: slect porfolio servicing. 100% agree they are just stealing our properties with help of judges. Did you sustain in your payments? For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. they dont want to help. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. SPS tried to make me pay the mortgage payments, even though the house was discharged in bankruptcy. All offers were denied. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! Contents. Additional information General Correspondence P.O. People; Product; Insights; Search . My mortgage was jyst sold to SPS , May I jump on the train? 4. Crookedest company I have ever seen. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. 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. 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 . 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 . then they send me a new letter saying different paper work is missing this been going on for seven years. 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 . This company is a disgrace tio have a legal right to do business in the USA. Select Portfolio Servicing As an Attorney Advertising Service Select Portfolio Servicing is one of the leading providers of portfolio servicing. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. I believe they are practicing unfair practices as I dont think they want us to keep the house. In March 2010, Fleming filed a Chapter 7 bankruptcy. Ive tried so many times with this company and all they have done is lied to me !!! All Rights Reserved. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. Amen! 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. If they did, is the information in the 1098 FORM [which includes all the payments you made to SPS in interest and Principle reported to the IRS] correct and accurate? According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. We are in the same boat. I continue to make payments. 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. All I can say is WOWHELP!!!!!!!!? You can change these settings at any time. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. They said they cant extend it beyond that period. HOW DO I JOIN THIS LAW SUITE? So they passed the HOT POTATOE .to Select Portfolio Services. 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 Select Portfolio Servicing can help a client to select the appropriate type of lawsuit support, such as pre-settlement, litigation support, and post-settlement and personal injury cases. They lie about paperwork when you send it or what you should send to them! The Judge overseeing this case is James Lawrence King. There were no new terms agreement made or signed so there is no ceiling to a stopping point. 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. Ct. Travis County, Tex. 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 . I was given a fake rate reduction buy select profolio it lasted 8 months long after 8 month long select profolio took the rate reduction back and lie to me me and said i did not complete the paper work i ask then to send me what paper work was missing ,make a long story short every time they send me info about the paper work missing i resend it . They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. Mind you it was lender place insurance. Again CROOKS! Rose v. Select Portfolio Servicing, Inc., 945 F.3rd 226 (5th Cir. Read our Newswire Disclaimer ialso pays to do a ferinzic audit .i did now i can sue them all. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. I am a veteran I served six years in the military only to be homeless? SPS has been blocking every attempt for the short sale to go through. Our account number if you go to the bank is still connected to Chase Bank. When I called all I Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! I need to find out about the class action lawsuit if possible. Then in 2022 they charged me for two homeoeners insurance policies I did get most of the money back from the insurance Companies but SPS refuses to pay me all the internet accrued from these policies as I just got the money recently back Theres more too that they have charged me erroneously for, Quiero unirme a la demanda de clase, en Puerto Rico hicieron lo mismo, aumento de pagos mensuales sin causa, querer imponer seguro sobre el valor de la propiedad y no desglosan deuda real. My name is Lisa House I too am being used by SPS SERVICING. Learn more about the cookies we use. These unlawful deceitful practices must stopId like to join in based on the principle!!! I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. You talk to all these different people who suppose to all work for the same company and half of them dont know what they are doing ! 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. I was able to make partial payment. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. Think Im caught up and bam! This outfit needs to be exposed! Select Portfolio Servicing Class Action Targets Debt Collection, Select Portfolio Servicing settled a separate class action lawsuit, https://topclassactions.com/start-a-class-action/, http://www.consumeradvocates.org/find-an-attorney, Social Security Disability application & appeal claim review, Abbott baby formula recall lawsuit investigation, Essential: Remember your cookie permission setting, Essential: Gather information you input into a contact forms, newsletter and other forms across all pages, Essential: Keep track of what you input in a shopping cart, Essential: Authenticate that you are logged into your user account, Essential: Remember language version you selected, Functionality: Remember social media settings, Functionality: Remember selected region and country, Analytics: Keep track of your visited pages and interaction taken, Analytics: Keep track about your location and region based on your IP number, Analytics: Keep track of the time spent on each page, Analytics: Increase the data quality of the statistics functions, Advertising: Tailor information and advertising to your interests based on e.g. They are violating 12 U.S. Code 2605. This still hasnt stopped them. 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. Who do I comtact about hidden fees which seem to be made up and 35.00 per month only going towards my mortgage wth, Hello I am in the same boat same story.. 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. 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 case was filed in U.S. District Courts, Florida Southern District Court. However, this can result in some functions no longer being available. They want us weak and worn down! 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. They are a Threat to the General Public. Does THAT sound familiar to you, did that happen to you, a friend or a family member? I want to get away from this company but they wont allow me to refinance with anyone else. 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. 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"). Defendant (s) Select Portfolio Servicing Law (s) Real Estate Settlement Procedures Act State (s) New to ClassAction.org? Does anyone have any suggestions on how I can get my name of the Deed? This company for real needs investigated. 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. This field is for validation purposes and should be left unchanged. 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 Im behind on my mortgage because they keep raising it. Even after hiring an attorney , who also received the same problems and delays I was forced to file a chapter 13 . 3. Does anyone know if there is a pending law suit against SPS. Select Portfolio Servicing Bankruptcy Debt Collection Complaint December 30, 2019 This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. Did they ask you the same more than once? 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. They have actually done drive bys to make sure someone lives there. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. We got different answers to the same questions. It is unbelievable and very stressful to deal with this company. Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. You can not pay them on line as I did with my Bank before. 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. SPS Acct 0015160716 Relationship Y. Matguez But in November of that year, Select again tried to collect the mortgage from her. This company is horrible. Dated between 2019-12-06 and 2012-02-28. International Banking CFPB Complaints SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage DEMAND to see the wet ink note (the original). The Select Portfolio Servicing class action lawsuit asserts that the company is a special servicer of residential mortgage loans, meaningitcollects on defaulted or delinquent mortgages. On FB, there are groups of homeowners fighting for their homes (or to get the $ they deserve for being victims of fraudulent practices). Predators .. Looks like the only recourse is Bankruptcy to stop the foreclosure and then after youb have tried them they send you a letter saying the foreclosure has been postponed. I have 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. The check usually clears in 5-6 days. Please add me in they are fraudulent company . My husband and I broke up and he left the house and it was in foreclosure I paid all the fees I got sick and I went on that HARP program which they said they forgave $12,000. We are trying to do a Modification and they keep saying they are not getting the right paperwork. I am fighting them with no attorney. My home burned 3-16-16. I inquired how Therefore, they owe an additional $16,000. This is one of the most unprofessional companies that I have ever come across. It is unbelievable and very stressful to deal with this company. So, they keep sending threatening letters stating my home will be escalated to foreclosure if I dont make the full payment. 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. Their lawyers are committed to providing the best legal . I obtained a modification in 2011 due to divorce and in 7 years had 7 servers. PS my email is chayote23@yahoo or hit my facebook. Two classes have been defined for this action. i have and im going through to take charge of my house . SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. 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. Someone PLEASE CONTACT ME. They make it so hard to gather information that it is hard to know what to do. I understand every one of these posts this company is terrible.So sad. Author: New Castle, Delaware. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. They wont release the mortgage. 3. Im so fed up with SPS. 2. You may not receive a monthly statement? Select Portfolio Servicing Inc ., a homeowner's conservator, Reese, sued a mortgage servicer, SPS, for HBOR and UCL violations after the mortgage servicer initiated foreclosure proceedings.. Whos watchin the hen house ? When trying to speak with someone on the phone, nothing but the runaround and incompetence. I know 5 other people that would gladly join this lawsuit against those CROOKS. However if I try to sell the house I would need to pay them plus the continued monthly interest. Attorneys will then review your submission to determine if you have a case. Step 1: Submit required documents. 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. Bank of America never took over the house and sold the loan to SPS. History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. Targeted to increased both customer numbers and quantity of savings in the . Sep 23, 2019 - Loan Servicing Representative . *If you. Dentons > Los Angeles, United States > Firm Profile. We showed proof of our loan and we were lucky our bank helped us through a refinance. I decided to go back to school to study law because of the stress they have put me through. Select Portfolio Servicing - Extortionists Resolved Select Portfolio Servicing - Dishonest/deceptive practice Resolved Select Portfolio Servicing - Foreclosure Resolved Select Portfolio Servicing - Fraud Resolved Select Portfolio Servicing - Unauthorized billing Resolved Select Portfolio Servicing - mortgage May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. As of February 29, 2020, SLS serviced a portfolio of mortgage loans worth about $112.69 billion. 6. Then after that was submitted and then denied. Thats being WAY to PC but I dont wanna offend anyone. Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. even more owed! Salt Lake City Utah does anyone know a good one? receive is excuses why I dont have the replacement check. All I can say is WOWHELP!!!!!!!!? I would love to stick to these jerks. Whom do I contact for more information regarding a lawsuit against SPS? Sps forced a forbearance on me. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. They just did it. i owe approx 140k on my mortgage. They are saying the balance is still 52,000. My bank shows the check for this month is pending, so what did SPS do with my check from last month. I am so tired of this harassment. We keep getting letters from their lawyers saying they are going to foreclose on us. 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.. 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. They sent people to my home to give us a letter to validate we live here. 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. I am owed another escrow check drug injury lawsuits and product liability lawsuits. I was able to catch up last year. Once they saw we were trying to refinance our loan they changed our status at the Tax Office to say we already had it as an Equity Loan. 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. They stay in house. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. We offer a submission form on our website for you to fill out if you are seeking class action legal help. Praying I wont be homeless!!! What else can I do. 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. The company is now asking for 2 Proofs of Occupancy. They tell you they can help with the programs they have. I never received anything from an attorney. This month, I sent my payment by Certified Mail/Return receipt. 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. This company will steal your home!! How do we sign up????? I made a partial payment on my account and was told it was fine to do that to make the rest in a week. Servicing of mortgage loans and administration of escrow accounts. I wish There was some way to get back at this company.