B, UDAAP, FDCPA, to name a few: Countless Letters Internal Communication among employees Letters from other Homeowners which the Mortgage Loan was and is serviced by SPS The letters, emails, the modified payments ALL indicate the Mortgage Servicer has defrauded consumers and the U.S. Other documents, acts and practices, demonstrates the audacious acts the Servicer takes before our judicial system. Worked with . My statements and all my account info at SELECT PORTFOLIO SERVICING, shows the original balance of $86,395.00!! Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. To collect on those debts, the Select Portfolio Servicing unfair debt collection practices lawsuit contends that the company must follow federal laws, especially the federal Fair Debt Collection Practices Act (FDCPA). This is one of the most unprofessional companies that I have ever come across. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. They are saying the balance is still 52,000. anyting less then shutting them down and canceling all debts held by them will be a loss. 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 . Count me in the class acton as well. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; It is unbelievable and very stressful to deal with this company. On two Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. Our mortgage is underwater, which means we owe more than the house is worth. 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. 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. U.S. RMBS Servicers Scrubbing Their Portfolios of Problem Loans. 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. First, it is illegal to attempt to collect any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly permitted by law.The complaint argues that the attempt to collect late charges that very from day to day is unlawful. 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. Hi, They tell you they can help with the programs they have. We are trying to do a Modification and they keep saying they are not getting the right paperwork. Our account number if you go to the bank is still connected to Chase Bank. I am a Paralegal student. 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. Some choice, huh? My loan was transferred to SPS and it is current! Additional information General Correspondence P.O. 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. The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. Over the years my dad has probably paid 3 times the original note. PDF Alfn Answers Webinar Reese v. Select Portfolio Servicing Inc. CA1/4 - CourtListener This stops any other bank from redoing the loan. Credit Suisse USA and SPS: The U.S. 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. This company is horrible. I wish someone would stop them. It is important that you submit the documents to us as soon as possible because we . I told them I was going to get a lawyer if they did not refund my $500.00. 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. More than 86% of the aforementioned statistics are loans originated before 2008. 3. How do i get in this or start a sue again select im losing my hm in june 2022..they take your money payment go up higher..they lawyer is a bad lier.. i file bankruptcy 2 time and they act like they was afraid of they lawyer..i work so hard for my hm to lose it..i apply 5 time for hardship and keep getting turn down.. I dont care if God strikes my home and burns it to the ground. In September 2016, it was confirmed by the court. They stay in house. 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 I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. Did you sustain in your payments? For this reason I didnt open the bills having been assured that I was not being charged PMI wrong I went to pay off the balance only to realized they lied I called multiple times,,, and after months they stopped charging me, but refuse to refund the money they already charged, despite that being the only reason for my call. Praying I wont be homeless!!! I am currently in a modification because after being switched to SPS my intrest rate increased after being told no changes would be made. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! Ripoff Report | spservicing complaints, reviews, scams, lawsuits and SPS bonus for liars, cheaters and thieves? 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. We just refinanced our loan to get out of their deceptive actions. 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 Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. The Judge overseeing this case is Micaela Alvarez. The balance indicates we owe more now than when we purchased the property 24 years ago. My original loan was for $75,000 now they want a $140,000 payoff SOMEONE HELP!!!!! You can submit your information here: https://topclassactions.com/start-a-class-action/. Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? They are prime evil, liars and thieves!! I was livid. [Extreme, dont you think?]. Then after that was submitted and then denied. With no notice. . so They passed the HOT POTATOE to U.S.Bank National Association . All I can say is WOWHELP!!!!!!!!? 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. Top Class Before them. So they passed the HOT POTATOE .to Select Portfolio Services. 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? 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. I definitely believe they are fraudulant and they are illegally trying tot take my home. Learn more about the cookies we use. Thats being WAY to PC but I dont wanna offend anyone. OVERVIEW Plaintiff Jeanie Reese is the conservator for homeowner Leoma Musil. We tried to work with them for years. 19-10204 (11th Cir. Tip#2 We have refinanced an equity loan which banks do not resell. In March 2010, Fleming filed a Chapter 7 bankruptcy. They say my income is not enough .. We CANT let them! I am so stressed out over this. the loan modification came with a ballon payment of 90k in 20 years. 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 . 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! The firm's many attorneys have a wide range of expertise in all areas of the law. 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. With no notice. They will not take our home! After fighting with them for 4 months and only paying them my original payments they told me that they Never received my escrow account from AHL. If they feel you qualify, they will contact you directly. I wish There was some way to get back at this company. When I told them to call AHL and figure it out I was told Thats not our job sir. Therefore, they owe an additional $16,000. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. They have no feelings, they mess up your credit so you cant get a loan no where else. The owner of select profolio is someone from India. Select Portfolio Servicing has resolved 9 complaints. We have filed modification loanpaper refiancing papers and deed of liue and now our short sale was denied. 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] shall release its lien against the aforementioned property upon discharge.. 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. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair Your email address will not be published. The case is still moving through the courts and has not yet reached a settlement. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! Mekawy v Select Portfolio Servicing, Inc. :: 2020 - Justia Law I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. 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. 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. I know how hard it can be. In September I sent them Select Portfolio Servicing Warning! Can Select Portfolio Validate Your We learned early on to wire the payment from our bank so they wouldnt delay payment postings. 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 dont even want to get paid just get them off my account and put my mortgage back to the reasonable price I was paying at first. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. SPS is fully owned by Credit Suisse USA, a large investment Company. i owe approx 140k on my mortgage. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. Thats what they want! I am owed another escrow check Major Legal Setbacks For Student Loan Giants Navient, FedLoan Servicing Select Portfolio Servicing - Wikipedia According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. Check your chain of titles theyre probably all fraudulent making the chain of title void. !to a tee everything u stated happened to us in 2017 from sps fresh out of a bk13 and wouldnt loan modify just kept raising mortgage and all taxes and impound accounts wrong i couldnt have explained the situation any better than u did! https://topclassactions.com/wp-admin/admin-ajax.php. Rose v. Select Portfolio Servicing Inc. - SCOTUSblog that I was not being charged PMII proceeded to pay on time in advance of receiving bills and more than the minimum payment. Collection Agencies: slect porfolio servicing. Always denied!! Then they offered me a modification with a $20,000 balloon payment and $1064 a month. 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. 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. But according . For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. I have been experiencing difficulties as well. First Major State Lawsuit Filed Over 'Robo-Signing' - CNBC Requesting for documents not related to the loss mitigation you applied for OR. I pay the late charges for being late. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. 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. it all happened to us in the end stole our home we worked our entire lives for !! Gavin June 18, 2021 June 20, 2021. 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. What can I do? Youre not alone either. I Dad had insurance on the home with his payment and it was cashed in. They keep trying to steal my home. 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. My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. Click Accept if you consent. 7. As an elderly homeowner,Bank of America threw me to the SPS wolves after I sued them and found a huge error in their accounting. If someone can give us some advice, I would greatly appreciate it. Our account number if you go to the bank is still connected to Chase Bank. We will contact you within five business days to acknowledge receipt and let you know if you need to send additional information or documents. Ensured the foreclosure attorney continually expedites the foreclosure process in accordance with allowable timeframes. There is help out there!! 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. 2019); cert. Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. I want a significant amount of money for restitution because of what this company did to myself , my family and friends and by God I have thrown my dog in this fight and I dont back down from a discriminating , unethical and immoral company called SPS PORTFOLIO AND JOIN ME BECAUSE I HAVE A BIG BAD MEAN DOG IN THIS FIGHT . and wondering if stumbling and bumbling company will make it out as the original check SPS is definitely not into home retention as their website states. They stay in house. In some cases, I had met folks who had received letter from SPS not only using the word: Government but the name of a U.S. President in their letters, when soliciting a homeowner to accept HAMP. 8. Please add me to this lawsuit as well. The company has many years of experience in providing legal representation to a variety of clients, including corporations . Even after trying to find out since receivin the news it had been sold. This company for real needs investigated. Were they clear about the terms and conditions? Misleading homeowners 1. stating because of lender place insurance. 'Then here I get hit in the face with this': Homeowners claim mortgage People; Product; Insights; Search . Now they raised my online payment fee from $5 to $15 because I will not let them take the money out of my checking account each month! 4, 2019). I have no mortgage, loans or bills. All offers were denied. I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. We are paying interest only on like 50k at a 9% and after 30 yrs we owe them 153k wth!! This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. drug injury lawsuits and product liability lawsuits. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. Dr.chayobriggs. I had my house for sale and the sale fell through after 3months. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. That is a violation of my Civil Rights that are protected and covered under the ADA ACT. 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 . Did SPS mail you a letter stating they had filed a lawsuit to FC in your home and they never did? I had a heart transplant and they stole my home from me . All over the country and getting away with it! Ripoff Report | select portfolio servicing complaints, reviews, scams Last months check hasnt cleared yet, so I suspect SPS is up to something. The house was left to me in the will and I was his executor. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. I have been trying to sell the house in a Short Sale. Struggling with this payment. So I am reporting of what I believe to be Unfair Lending Practices. Credit Ratings, Research and Analysis for the global capital markets. Seek help!! 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 . F.B.I. I would also like to add my name to any class action lawsuit against SPS. Please add me to the class action I have been a victim of their predatory lending and I have also had issues getting a loan modification due to their ineptness, constant lying, continuous over burdensome confusing repeated letter. Someone PLEASE CONTACT ME. 12 CFR 225.28 List of permissible nonbanking activities. PDF Loan Number: Mortgage Assistance Application 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 . are staring down a proposed class action that alleges the companies engaged in abusive collection activities concerning a New York consumer's mortgage loan. The people lied to us saying they represent a bank and we are to call the bank about our mortgage. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. I have been trying for YEARS to sell home. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. Select Portfolio Servicing Facing Lawsuit Over Alleged - Class Action