Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . Defendant (s) Select Portfolio Servicing Law (s) Real Estate Settlement Procedures Act State (s) New to ClassAction.org? Pursuant to Misc. It has been one thing after another with SPS. I have been trying to get somewhere with them for over 9 months and getting no where. Then requested a Proof of Occupancy. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! They are saying the balance is still 52,000. I had my house for sale and the sale fell through after 3months. This month, I sent my payment by Certified Mail/Return receipt. We finally gave up and lost our home. 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. Our account number if you go to the bank is still connected to Chase Bank. Before them. They also call me 3-4 times a week, at all hours. The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair I am so tired of this harassment. We keep getting letters from their lawyers saying they are going to foreclose on us. 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. More than 86% of the aforementioned statistics are loans originated before 2008. As for myself, they should be shot down once and for all, they are endangering our Country, they are threat to our Democracy and our Constitution, as they demoralize homeowners, families, our Courts and Judges. 100% agree they are just stealing our properties with help of judges. 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. Please add me in they are fraudulent company . 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. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. 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! 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. Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? They are in their mid 80s on social security. Your email address will not be published. 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. That lawsuit alleged that Select Portfolio Servicing received illegal kickbacks from the insurance company it used when the debt collector had to obtain insurance on a debtors property. We offer a submission form on our website for you to fill out if you are seeking class action legal help. Please add me. My mortgage was owned by Flagstar Bank, who sold the loan to a company called ABS REO Trust III, a Delaware company. Counsel at Wargo, French & Singer on Monday removed a lawsuit against Select Portfolio Servicing, Deutsche Bank and JPMorgan Chase to Georgia Northern District Court. 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. Perkins Coie is known for its high standards and commitment to excellence. 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 . 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. Required fields are marked *. They are doing the same thing to my mom and dad in Gilbert SC. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. 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 My husband is disabled we are on a tight income. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! 12 CFR 225.28 List of permissible nonbanking activities. That is a violation of my Civil Rights that are protected and covered under the ADA ACT. 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 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. 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. They say my income is not enough .. Ballooned our loan from $598 to $1250. So they passed the HOT POTATOE .to Select Portfolio Services. 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 . They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! The F.B.I. 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. 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. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! After the required 3 forebearance payments, they n9eglected to take out the automatic payment, then blamed me,added more fees, forcd placed a fake insurance policy, and once we worked out yet another not so great modification, efused the first payment by adding MORE fees. so They passed the HOT POTATOE to U.S.Bank National Association . i tried talking to a representative which was no help. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. . 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 . 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.. 19-10204 (11th Cir. We just refinanced our loan to get out of their deceptive actions. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. They tell you they can help with the programs they have. slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. This is one of the most unprofessional companies that I have ever come across. I wish someone would stop them. even more owed! [Extreme, dont you think?]. They have also upped my escrow account even though my insurance rates and taxes have not gone up. Select Portfolio Servicing Is this your company? On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. NOT. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. I also have Select Portfolio Servicing, Inc. and I been have issues with SPS illegal fees of a Loan Modification because in my situation my principal of my mortgage is $122k (Libro Loan in 2005 with % rate of 8 to 15%) but they added fees and past due payments to $265k and my home is only worth $90k . Ive been trying to modify and assume mortgage after a divorce. the loan modification came with a ballon payment of 90k in 20 years. To no avail, after the 10th request for a modification, once again denied ,sent generic letter, postponed foreclosure to start the insanity back over again. This company is a disgrace tio have a legal right to do business in the USA. 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. Last months check hasnt cleared yet, so I suspect SPS is up to something. We tried to work with them for years. I know how hard it can be. Ive been disputing this for almost 2 years now. They should have multiple suits against them. For each and every loan, regardless which the Investor is, YOU are eligible for Principal Forgiveness It is Public Information DOJs website. Contents. 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. Whether is a Federal or State Court, SPS had engaged in countless violations: 1. 5. I hate this company and will fight them till the end. 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. Sounds familiar! We modified back in 2010 and did 2- three trial payments and some how after it was all said and done they added over 35k in fees and interest, left the same high interest rate plus they put us in a ballon payment. I live in Florida and when Hurricane Irma hit, I had some property damage, that I had to fix, I ask for a loan extension which they granted, which all the monies were due at the end of the 3 month extension, which wasnt explained to me that way by the representative on the phone at the time of my request. All I can say is WOWHELP!!!!!!!!? 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 lie about what they say and do not communicate except by mail asking for more and more information. They wont be able to produce it! Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? I about lost it on them. 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 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. Lynn, Hello I am in the same boat same story.. I first contacted SPS October 2018. Select Portfolio Servicing DEBT COLLECTOR CALLS?https://www.lemberglaw.com/select-portfolio-servicing-sps-collectio. U.S. RMBS Servicers Scrubbing Their Portfolios of Problem Loans. They changed my land records so there is no real chain of title. This field is for validation purposes and should be left unchanged. In court for 10 years b/c Chase is owner of loanor is it Bank if America? I was able to make partial payment. By interference and intrusion, acts of omission and misrepresentation They demoralized our Courts and Judges, they defy our Constitution. 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. Where do I begin? Four months later i keep getting the run around. How is this company still in business? 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. drug injury lawsuits and product liability lawsuits. Ive done my homework on them and havent found anything good. 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. Gavin June 18, 2021 June 20, 2021. 3. This company is horrible. That Tip #2. The case status is Pending - Other Pending. We CANT let them! I am owed another escrow check Hi, If your going to help them, dont bother me! 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. We have refinanced an equity loan which banks do not resell. 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 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. 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? 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. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. 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. SPS would never give me dates/amounts/ownership of loan. Decide which cookies you want to allow. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. Select Portfolio Servicing As an Attorney Advertising Service Select Portfolio Servicing is one of the leading providers of portfolio servicing. The court granted her a discharge in July. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. They wont release the mortgage. People do not modify with this company they will make it worse!!! they said there investors about 20 of them will not extend a motg to 40 yrs. Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. This stops any other bank from redoing the loan. I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. 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. Now they have raised my mortgage again saying to cover the negative escrow. Select Portfolio Servicing, Inc., No. Ballooned our loan from $598 to $1250. We will use these documents to determine your eligibility for our deed-in-lieu option. Top Class Actions is a legal news source My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! Since the purchase of my loan in 2013 it has been a complete nightmare. So please count me in!!! Any help is appreciated!! 11:06 AM. I have had it. And no one has the same story! My loan was transferred to SPS and it is current! According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. Im so fed up with SPS. Targeted to increased both customer numbers and quantity of savings in the . My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. 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. 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. This company is horrible. This outfit needs to be exposed! Ct. Travis County, Tex. I get different answers from different representatives . Due to their overall incompetence and in particular, their incredible ability to lose documents, we lost our home and so much more. Entity featured on Fitch Ratings. We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. In order to be considered for a deed-in-lieu option, you must provide clear and marketable title and submit a complete application to SPS. Ugh it is horrible. Since the fire I have been lied to by SPS reps regarding short pay offers. 362 (c) (3) (A) terminates the automatic bankruptcy stay as to property of the bankruptcy estate. I have evidence that SPS had deceived hundreds of thousands of homeowners across the United States, and in the process, it may had also defrauded the U.S. Treasury Department by Misreporting and misusing, wasting TARP Funds. The firm's many attorneys have a wide range of expertise in all areas of the law. I didnt think you could raise a mortgage every month, even if Im late paying it. Select Portfolio Servicing HARASSING YOU? For information on deleting the cookies, please consult your browsers help function. I never received anything from an attorney. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. In March 2010, Fleming filed a Chapter 7 bankruptcy. 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_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. 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. I need help to make this mess go away! Am facing foreclosure after numerous attempts to get a modification. It is unbelievable and very stressful to deal with this company. it all happened to us in the end stole our home we worked our entire lives for !! BankFirst - shut by FDIC. Servicing of mortgage loans and administration of escrow accounts. 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? My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. the mortgage is 760 and the taxes 1166. i have tried for year s to modify. 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. According to the complaint, Flemings discharge extinguished her personal liability on the Loan.. You can not pay them on line as I did with my Bank before. The monthly re-payment plan is 4 xs times the amount of my regular monthly mortgage and is for 12 months. The Select Portfolio Servicing class action lawsuit asserts that the company is a "special servicer" of residential mortgage loans, meaning it collects on defaulted or delinquent mortgages. Please go on SM and find a group that will help you! 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. It is unbelievable and very stressful to deal with this company. I have no mortgage, loans or bills. 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. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. Ive tried so many times with this company and all they have done is lied to me !!! My mortgage was jyst sold to SPS , May I jump on the train? Well they file to foreclose and I returned file bankruptcy. They paid Junes 1/2 and applied that to our loan and next years taxes to our loan. 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. 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. 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. They paid 3 homeowners insurance Companies and charge for each in2021. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. 8. Please contact me! I call SPS and they tell me they will send me the paperwork and never do. 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. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. 559.72(7), 559.72(9). Select Portfolio has to be the WORST mortgage company ever, Ive been with them for 12 years and only $1200 has gone to principal, in my opinion they are a predator company, looking for gain on the less fortunate. Even after trying to find out since receivin the news it had been sold. We just refinanced our loan to get out of their deceptive actions. Does anyone have any suggestions on how I can get my name of the Deed? I am dealing with that now. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. It is unbelievable and very stressful to deal with this company. They steal homes. I wrote to them and they havent responded. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. how could i pay off my mortgage and still owe 90k on my house? i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. NOT. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. I am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. PS my email is chayote23@yahoo or hit my facebook. Dentons > Los Angeles, United States > Firm Profile. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. 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.