are staring down a proposed class action that alleges the companies engaged in abusive collection activities concerning a New York consumer's mortgage loan. Defendant Select Portfolio Servicing, Inc., the company that serviced Plaintiffs' mortgage loans . Instead they dragged it out for years making it almost impossible to still be eligible as they would not accept any mortgage payments during this whole time. 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. PLEASE ADD US, JOSEPH and VENUS WILLIAMS! I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. 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. On my statement, there was a section that says This Is The Amount You Need To Pay To Bring Your Account Out Of Delinquency. Second, the FDCPA requires a notice of debt to contain certain information for the debtor, and be mailed to the debtor within five days of first contacting the debtor about the debt. The Riveras state that they defaulted on a mortgage with Bank of America in January of 2009. They wont be able to produce it! 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. Gavin June 18, 2021 June 20, 2021. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. I hate this company and will fight them till the end. Yet loan sold again but no proof of ownership! I owe more on my house them when I purchased it. That was discharged in a Chapter 7 or Chapter 13 bankruptcy proceeding. You may want to consult your own attorney, and should you choose to go that route, we recommend checking out http://www.consumeradvocates.org/find-an-attorney. 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. 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. Salt Lake City Utah A year later I have not received the replacement check for the one sent in. Mary Kathryn O'Brien brought this lawsuit in Essex Superior Court against Select Portfolio Servicing, Inc. (SPS), and Deutsche Bank National Trust Company. HELP I am currently trying to get a modification on my mortgage with SPS , after filing chapter 13 to save it after they refused the first modification, Help what do I do. Then they denied to take anymore Partial payments. My name is Lisa House I too am being used by SPS SERVICING. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. 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. My mortgage was jyst sold to SPS , May I jump on the train? the sad thing is nothing will come of anyones complaints or lawsuits. They are a Threat to the General Public. Then said loan is getting purchased for pennies on the dollar. 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! 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. Select portfolio is scum! 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. Once they saw we were trying to refinance our loan they changed our stays at the Tax Office to say we already had it as an Equity Loan. 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. We have refinanced an equity loan which banks do not resell. This company is horrible. 9. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . I have submitted countless of documents more than once. Special Report / Tue 30 Apr, 2019. Tip #1 So make your payment via a bank wire and if they say they didnt receive it your federally backed bank lawyer will jump in for you and prove you did make that payment on time. I called SPS to catch up on the payments and they said they closed my loan and I would need to sell the house and pay the loan in full. Contents. So they passed the HOT POTATOE .to Select Portfolio Services. I didnt want that, sps counselor said turning over the house would save my credit. 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. I am so tired of this harassment. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. No. So please count me in!!! 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. This stops any other bank from redoing the loan. DEMAND to see the wet ink note (the original). 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. Decide which cookies you want to allow. I call SPS and they tell me they will send me the paperwork and never do. They are violating 12 U.S. Code 2605. The bankruptcy was not completed until December 2019. Time for the halftime show! Amen! 2019 of plaintiff's counsel [letter dated August 23, 2019 of the Federal Deposit Insurance Corporation to plaintiff . As of March 31, 2021, the portfolio consists of approximately 8% whole loans, 75% subserviced private label securitizations (PLSs), 4% GSE, and 13% PLS mortgage servicing rights. i owe approx 140k on my mortgage. I have been trying to sell the house in a Short Sale. Someone PLEASE CONTACT ME. They only are a servicer for your loan. I have been trying to get somewhere with them for over 9 months and getting no where. Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. I send SPS a check on the 1st of the month every month. My house was up for sale, offer was was rescended so I had to continue paying the mortgage. 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. SPS is definitely not into home retention as their website states. My bank shows the check for this month is pending, so what did SPS do with my check from last month. SPS never took ownership of the house. They are still charging me drive-by fees every month. I am a veteran I served six years in the military only to be homeless? You may not receive a monthly statement? 559.72(7), 559.72(9). Does anyone have any suggestions on how I can get my name of the Deed? That Tip #2. BankFirst - shut by FDIC. The Riveras seek to represent two separate Classes. Our mortgage is underwater, which means we owe more than the house is worth. Having trouble trying to save my home from these thieves!! 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. The monthly re-payment plan is 4 xs times the amount of my regular monthly mortgage and is for 12 months. I received an escrow check from SPS inc made out to my ex-wife and myself. My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. 4. Required fields are marked *. They tell you they can help with the programs they have. If there is a class action against them Id love the chance to run this company out. In March 2010, Fleming filed a Chapter 7 bankruptcy. Think Im caught up and bam! Help me before their get started. Published by New York State Law Reporting Bureau pursuant to Judiciary Law 431. . Terms and Conditions. I never received anything from an attorney. 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 is not the only recent class action lawsuit against Select Portfolio Servicing. 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! i tried talking to a representative which was no help. I was able to catch up last year. All I can say is WOWHELP!!!!!!!!? Need help with predatory loan with this company. 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. Three times already spanning three years. If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. Please go on SM and find a group that will help you! 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. 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. 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. Years ago, they got us Homeowners Insurance which was Over$2,200 for the year, which I just recently found out after the Insurance Company dropped us, saying they were informed we did not live here. SPS has charged off as well but keeps charging me monthly charges and harasses me multiple times daily . Dentons Offices 1692d, 1692e, 1692f, and the FCCPA, Fla. Stat. This company is a bully, misleading, and screw a lot of customers over by taking their home. 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 . I would also like to have my name added to this. 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. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! There is so much fraud that no one can help me! Sign me up for any Class Action possible. PS my email is chayote23@yahoo or hit my facebook. SPS Acct 0015160716 Relationship Y. Matguez I called AHL and told them to send my escrow account to SPS and they assured me that they had already done that and even sent me a letter saying they transferred it. We will use these documents to determine your eligibility for our deed-in-lieu option. 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. I told my daughter that they werent going to help us and they havent! This is a higher than average score with the overall rating of Select Portfolio Servicing employees being 2.8 out of 5 stars. NOT. You must contact the Over the years my dad has probably paid 3 times the original note. 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 I understand every one of these posts this company is terrible.So sad. 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. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! I wish someone would stop them. 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. We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. 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. Did SPS mail you a letter stating they had filed a lawsuit to FC in your home and they never did? This company does not follow any federal consumer laws. Theyve planned this so they could ultimately foreclose. 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. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. 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. They tell you they can help with the programs they have. PLEASE HELP! People do not modify with this company they will make it worse!!! Pursuant to Misc. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. 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. SELECT PORTFOLIO SERVICING raised my Balance amount $1405.00 which took my mortgage balance from $86,395.00 to $87, 715.00 in October!!! Yes!!! America mourns for Her people. The U.S. Department of Treasury HAMP] was a potion of taxpayers money used to save Larger Banks, Insurance Companies and the automobile Industry In all cases, these Corporations had to pay back the money lent by the U.S. Treasury, EXCEPT the portion used under the Government Funded Program HAMP. There were no new terms agreement made or signed so there is no ceiling to a stopping point. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. SPS has also been heavy handed with me, offering me a modification. The F.T.C. We showed proof of our loan and we were lucky our bank helped us through a refinance. Did your modified mortgage payment, for the loan trial period, seem to be closer to the Original Mortgage Payment when you FIRST took your loan? 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. Salt Lake City, Utah. Our mortgage is underwater, which means we owe more than the house is worth. They said they cant extend it beyond that period. They sell off and buy back your mortgage and you end up owing more than when you started, Can you explain what do you mean. I didnt think you could raise a mortgage every month, even if Im late paying it. Mackroy claims he and his wife never requested the 20-year option and they never missed a payment. Last months check hasnt cleared yet, so I suspect SPS is up to something. 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 2019. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. They try to scam you on the loan modifications also. I get calls from Select Portfolio at least once daily. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. Ive been trying to modify and assume mortgage after a divorce. SPS PORTFOLIO HAS TO GO!!! 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. Select Portfolio Servicing, Inc. spservicing.com/Select Portfolio Servicing, Inc. P.O. They just did it. They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! But in November of that year, Select again tried to collect the mortgage from her. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. They paid 3 homeowners insurance Companies and charge for each in2021. You can change these settings at any time. I have had it. Worked with . This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. I have no mortgage, loans or bills. My statements and all my account info at SELECT PORTFOLIO SERVICING, shows the original balance of $86,395.00!! But according . anyting less then shutting them down and canceling all debts held by them will be a loss. SPS sluffed this off as so what! 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! slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. Top Class Actions is a legal news source After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. I would love to stick to these jerks. By interference and intrusion, acts of omission and misrepresentation They demoralized our Courts and Judges, they defy our Constitution. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. 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 . Since the fire I have been lied to by SPS reps regarding short pay offers. im gettting a lawyer. 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. Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! 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. 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. We cant refinance, cant amend the mortgage, etc. Our account number if you go to the bank is still connected to Chase Bank. We tried to work with them for years. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. I believe they are practicing unfair practices as I dont think they want us to keep the house. The firm's many attorneys have a wide range of expertise in all areas of the law. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. The Judge overseeing this case is Micaela Alvarez. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. that I was not being charged PMII proceeded to pay on time in advance of receiving bills and more than the minimum payment. In November 2003, Select Portfolio Servicing then known as Fairbanks Capital agreed to pay $40 million to settle with the FTC and the U.S. Department of Housing and Urban Development. 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. 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. This is one of the most unprofessional companies that I have ever come across. It has been one thing after another with SPS. Recently we were on a payment plan for our taxes 1/2 Miv and 1/2 June. Dr.chayobriggs. The Settlement simply allowed the Investment Company not to fall into the DOJs black List, like BOA and Wells Fargo did. In June of 2018, Ms. Daniels sued Select Portfolio under the FDCPA, 15 U.S.C. 11:06 AM. I. that reports on class action lawsuits, class action settlements, I am so stressed out over this. What and who do I need to contact. Select Portfolio Servicing has an average consumer rating of 2 stars from 44 reviews. This case was filed in U.S. District Courts, Florida Southern District Court. How is this company still in business? Am facing foreclosure after numerous attempts to get a modification. I get different answers from different representatives . I really cant afford this payment now. Seek help!! 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. Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. They lie, they dont send any documentation, they abuse the elderly laws, they are the most corrupt company I have ever come across and why cant we get them shut down! It is unbelievable and very stressful to deal with this company. 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. 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. The plan did not provide for any payments to Select, and Select did not object to the plan, the complaint says. They refuse to work with you, they increase your notes higher to make sure you fail. 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. They said they would modify the agreement but only sent forms and saying they were sent and they were. 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. When I told them to call AHL and figure it out I was told Thats not our job sir.