Select Portfolio Servicing, Inc. (SPS) and U.S. Bank, N.A. SPS said they would not accept any more payments and charged off the loan. I could go on for days. 11:06 AM. 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. 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 Count me in the class acton as well. They have also upped my escrow account even though my insurance rates and taxes have not gone up. The case status is Disposed - Other Disposed. 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. i tried talking to a representative which was no help. 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. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. they say they gelp you with a loan modification. They are predators of the elderly and have no true documents to foreclosure. Gavin June 18, 2021 June 20, 2021. Overview 292 Reviews 7 Jobs 392 Salaries 28 Interviews 68 Benefits 6 Photos 65 Diversity + Add a Review Select Portfolio Servicing Reviews Updated Feb 8, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 284 of over 292 reviews Sort Popular Popular COVID-19 Related Highest Rating Management And Organization In August/September 2016 I called SPS before even being billed and was assured by Melinda(?) PLEASE ADD US, JOSEPH and VENUS WILLIAMS! The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. Select Portfolio Servicing, a company based in Utah that handles their mortgage payments, said a clause in their original loan provided a 20-year option, so they owe an additional $16,000. Im so fed up with SPS. 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. My loan was transferred to SPS and it is current! *If you. 100% agree they are just stealing our properties with help of judges. 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 steal homes. There is so much fraud that no one can help me! creating another long drawn out process. Whos watchin the hen house ? Weeks later, they received a notice of debt from Select Portfolio Servicing on July 24, 2015, stating that late charges would accrue and vary from day to day.. November 22, 2019: Filing 3 CERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Select Portfolio Servicing, Inc.. (Hord, Michael) November 22, 2019: Filing 2 NEW CASE NOTES: A filing fee has been paid. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. They only are a servicer for your loan. Credit Suisse USA and SPS: The U.S. Some choice, huh? 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. 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. The firm's many attorneys have a wide range of expertise in all areas of the law. Whether is a Federal or State Court, SPS had engaged in countless violations: 1. The Riveras seek to represent two separate Classes. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. . 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. Before them. I know how hard it can be. I didnt want that, sps counselor said turning over the house would save my credit. There are over 9109 complaints on file for SELECT PORTFOLIO SERVICING, INC. Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. 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 ! Box 65250 Salt Lake City, UT 84165-0250 Account PaymentSelect Portfolio Servicing, Inc. Attn: Remittance Processing P.O. Now all these years later I owe them $176 and change thousand dollars. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. I pay the late charges for being late. Where do I begin? This company is horrible. But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. Select Portfolio Servicing has an average consumer rating of 2 stars from 44 reviews. You may not receive a monthly statement? Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. 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? They stay in house. they dont want to help. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. SMH. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! I would like to know if select portfolio has a class action lawsuit against them for predator loan. When I spoke to them they couldnt answer for the added ,$1405.00 reported to my credit report! Free and open company data on Puerto Rico company SELECT PORTFOLIO SERVICING, INC (company number 10188-112), c/o RVM Professional Services, LLC A4 Reparto Mendoza Humacao, PR 00791 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. Actions does not process claims and we cannot advise you on the 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. Then requested a Proof of Occupancy. Fake documents filed at the registry of deeds and they have NO accounting of any previous payments and try to foreclosure on homes they did not have rights to! 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! They are doing the same thing to my mom and dad in Gilbert SC. The complaint alleges that Select Portfolio Servicing uses false, deceptive, misleading, unfair, and unconscionable practices in connection with their attempt to collect an alleged debt from Plaintiffs and others.. Last months check hasnt cleared yet, so I suspect SPS is up to something. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. Please add me to any lawsuit against SPS. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. That was discharged in a Chapter 7 or Chapter 13 bankruptcy proceeding. I want to get away from this company but they wont allow me to refinance with anyone else. May 24, 2022) The fact pattern sounds like something out of Gulliver's travels. this is what they do. So they passed the HOT POTATOE .to Select Portfolio Services. 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. Despite the bankruptcy, the Riveras received a notice that the Bank of America mortgage was transferred to Select Portfolio Servicing for collection on July 9, 2015. Requesting for documents not related to the loss mitigation you applied for OR. Hi, The Judge overseeing this case is James Lawrence King. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . 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. We CANT let them! 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 . I wish the attorney handling this case look into my situation as well. They only send a power of attorney for SPS to handle the payments of the loan. I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. Ive been disputing this for almost 2 years now. They are violating 12 U.S. Code 2605. 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 would also like to have my name added to this. 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 would also like to add my name to any class action lawsuit against SPS. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! 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. Someone PLEASE CONTACT ME. The company did not respond to messages seeking comment. Again CROOKS! Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. They just did it. 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 . We will use these documents to determine your eligibility for our deed-in-lieu option. Four months later i keep getting the run around. Author: New Castle, Delaware. Special Report / Tue 30 Apr, 2019. Ballooned our loan from $598 to $1250. I wrote to them and they havent responded. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. I had a heart transplant and they stole my home from me . Our account number if you go to the bank is still connected to Chase Bank. Select Portfolio Servicing Lawsuit. I was livid. SPS has been blocking every attempt for the short sale to go through. Im not the sharpest knife in the droor, but a blind man could smell these SCUM BAGS 2Big2fail ??? status of any class action settlement claim. In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. The monthly re-payment plan is 4 xs times the amount of my regular monthly mortgage and is for 12 months. Fill out this form for a FREE and prompt case evaluation. Bank of America - cut roughly 100 mortgage jobs in Charlotte. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. I was able to catch up last year. Worst company to deal with and will not work with you at all. Need help with predatory loan with this company. Our account number if you go to the bank is still connected to Chase Bank. Guess what? The balance indicates we owe more now than when we purchased the property 24 years ago. They were struggling with the mortgage before the pandemic began and tried to modify the loan, which has a fixed rate of nearly 4.9%, but their mortgage servicer, Select Portfolio Servicing . 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 . Please add me.. it all happened to us in the end stole our home we worked our entire lives for !! After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. Aug 2012 - 20142 years. drug injury lawsuits and product liability lawsuits. It has been one thing after another with SPS. they said there investors about 20 of them will not extend a motg to 40 yrs. 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. select portfolio servicing lawsuit 2021 select portfolio servicing lawsuit 2021 Home Realizacje i porady Bez kategorii select portfolio servicing lawsuit 2021. I am in agreement with statements made here and I am also a victim of this company. Plaintiffs Angel Rivera and Angela Rivera claim that Select Portfolio Servicing violated the FDCPAwhileattempting to collect a debt from them that they did not owe. I need help to make this mess go away! This is not the only recent class action lawsuit against Select Portfolio Servicing. anyting less then shutting them down and canceling all debts held by them will be a loss. Then said loan is getting purchased for pennies on the dollar. 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 ???? 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. You must contact the 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 . the loan modification came with a ballon payment of 90k in 20 years. even more owed! What else can I do. All I can say is WOWHELP!!!!!!!!? If someone can give us some advice, I would greatly appreciate it. The owner of select profolio is someone from India. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. 5. My daughter passed away and left everything to me in her will. This field is for validation purposes and should be left unchanged. SPS is fully owned by Credit Suisse USA, a large investment Company. Now they have raised my mortgage again saying to cover the negative escrow. The suit, for claims. Three times already spanning three years. 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 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. The company is now asking for 2 Proofs of Occupancy. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 "special servicing" loans totaling around $4.8 billion. 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . 19-10204 (11th Cir. PS my email is chayote23@yahoo or hit my facebook. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Please add me to this lawsuit as well. They dont purchase loans. NOT. 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. I call SPS and they tell me they will send me the paperwork and never do. Praying I wont be homeless!!! They lie about what they say and do not communicate except by mail asking for more and more information. I tried continuously to modify my loan after falling behind. You can then Follow the article above, and get notified immediately when we post updates! Thank you. We are trying to do a Modification and they keep saying they are not getting the right paperwork. Select Portfolio Servicing, Inc. Please provide any additional information about your inquiry. Worked with . 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. OVERVIEW Plaintiff Jeanie Reese is the conservator for homeowner Leoma Musil. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. the sad thing is nothing will come of anyones complaints or lawsuits. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. Yes!!! Sep 23, 2019 - Loan Servicing Representative . Please contact me! The plaintiffs are represented by Philip D. Stern and Andrew T. Thomasson of Stern Thomasson LLP. 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. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! Salt Lake City Utah Are there other home owners withe the same issues..please contact me so we can fight back, We are going through the same thing with our home. Select Portfolio Servicing HARASSING YOU? ( outside the United States). . My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. We keep getting letters from their lawyers saying they are going to foreclose on us. 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. WHY is this company STILL in business after being caught and fined so many times yet theyre getting away with STEALING our homes!! 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. My mortgage was owned by Flagstar Bank, who sold the loan to a company called ABS REO Trust III, a Delaware company. 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. W.T.F. 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. 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. Additional information General Correspondence P.O. This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. I am fighting them with no attorney. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. They are still charging me drive-by fees every month. My name is Lisa House I too am being used by SPS SERVICING. 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. This company is horrible. select_portfolio_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. Mary Kathryn O'Brien brought this lawsuit in Essex Superior Court against Select Portfolio Servicing, Inc. (SPS), and Deutsche Bank National Trust Company. I decided to go back to school to study law because of the stress they have put me through. If you did, it is very LIKELY that you were duped! They have actually done drive bys to make sure someone lives there. Top Class S u need to search lawsuits thats all pertain to yourself and stop. They lie about paperwork when you send it or what you should send to them! You can not pay them on line as I did with my Bank before. 3. 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. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. settlement administrator or your attorney for any updates regarding I sustained damage to my home and needed to make repairs without filing an insurance claim due to high deductible. 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. Struggling with this payment. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. 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 . Bank of America - closed mortgage center near Portland, OR, 102 layoffs. 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