For three years I have been trying to request a modification with them, each time they tell you to send in paperwork. The Riveras filed for bankruptcy that same year, and ultimately discharged their debt, including their mortgage, in October of 2009. You can submit your information here: https://topclassactions.com/start-a-class-action/. Top Class Actions is a legal news source I get calls from Select Portfolio at least once daily. Theyve planned this so they could ultimately foreclose. They should have multiple suits against them. 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 ! Ripoff Report | spservicing complaints, reviews, scams, lawsuits and 9. Looking at other comments I dont think they have helped any one. Select Portfolio Servicing Inc ("SPS") Litigation documentation, to Select Portfolio Servicing via mail: 3217 S. Decker Lake Dr., Salt Lake City, UT 84119, fax: 801-293-3936, or online: www.spservicing.com. 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. Dentons > Los Angeles > United States | The Legal 500 law firm profiles This case was filed in U.S. District Courts, Texas Southern District. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. At. 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 Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. They tell you they can help with the programs they have. I want to get away from this company but they wont allow me to refinance with anyone else. 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. It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. Privacy Policy | 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? Select Portfolio Servicing Lawsuit - Laws Tips The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. denied, 2020 WL 3492660 Issue: If a petition by an individual under Chapters 7, 11 or 13 has been dismissed within one year, does the stay terminate automatically 30 days after a new filing only as to property of the debtor or as to both Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida . They are in their mid 80s on social security. Mar. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. Management And Organization I continue to make payments. My name is James Ray Maree, I live at 3121 University Drive Lancaster South Carolina 29720 und Im not hard to find . Ive been disputing this for almost 2 years now. The check usually clears in 5-6 days. 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. America mourns for Her people. My home has been foreclosed upon because they did not want to work out any deals with deed in leu . 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. Select Portfolio Servicing Is Busted Jerking Around People Of Color, Again! I call SPS and they say it takes at least 30 business days to board the loan into their system and they will not provide payoff information before then, although my loan payment must be made to them without delays and they will only give me 15 calendar days to change my insurance to show SPS as the mortgagee. Major Legal Setbacks For Student Loan Giants Navient, FedLoan Servicing Ballooned our loan from $598 to $1250. I never received anything from an attorney. Ive tried so many times with this company and all they have done is lied to me !!! Later my mortgage was transferred to SPS and I have had hell every since. 2. 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 . does anyone know a good one? HOW DO I JOIN THIS LAW SUITE? Fill out this form for a FREE and prompt case evaluation. Did SPS mailed you a letter or told you over the phone that they had not received the document(s) to complete your application? I had my house for sale and the sale fell through after 3months. Then decided to say that I was not eligible for any form of modification. The suit, for claims. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. We are trying to do a Modification and they keep saying they are not getting the right paperwork. SPS always says that buyer amount is too low(3 -4 good firm cash offers). Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. Learn more about the cookies we use. Select Portfolio Servicing Loan Servicing Representative Reviews In May, they reached a settlement, as part of which, the complaint says, Select agreed to stop demanding payment while she was in bankruptcy. I bought my house in 2004 for $225,000 I put $150,000 down and took out an $80,000 mortgage. Ortega et al v. Select Portfolio Servicing, Inc. - UniCourt They are violating 12 U.S. Code 2605. 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 would like to know if select portfolio has a class action lawsuit against them for predator loan. Predators .. Looks like the only recourse is Bankruptcy to stop the foreclosure and then after youb have tried them they send you a letter saying the foreclosure has been postponed. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. SPS never took ownership of the house. One of the most unethical companies Ive experienced. Deed-in-Lieu of Foreclosure And no one has the same story! And of course each time they (the banks) are getting paid via their own insurance. We offer a submission form on our website for you to fill out if you are seeking class action legal help. Author: New Castle, Delaware. They came right in and raise my mortgage, matter of fact have raise it up 3 times since Ive been under them. 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. It is unbelievable and very stressful to deal with this company. S u need to search lawsuits thats all pertain to yourself and stop. If they feel you qualify, they will contact you directly. No one will help including attorney general, CFBP nor any federal agency. Man Sues Select Portfolio Over Debt Collection Claims Select Portfolio Servicing Inc. One Sept 22nd I spoke with a customer service rep about assistance due to Hurricane Irma. What can I do? My bank shows the check for this month is pending, so what did SPS do with my check from last month. 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.. 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 Over the years my dad has probably paid 3 times the original note. I wish to contact this lawyer as well I have SPS and theyre Crooks . Targeted to increased both customer numbers and quantity of savings in the . 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 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. 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. im gettting a lawyer. I told my daughter that they werent going to help us and they havent! They have actually done drive bys to make sure someone lives there. Ripoff Report | select portfolio servicing complaints, reviews, scams PS my email is chayote23@yahoo or hit my facebook. They are doing the same thing to my mom and dad in Gilbert SC. 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. I was with Bank of America for years and never had any issues, not even with late payments because I always paid the late fee. 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. Select Portfolio Servicing said a clause in their original loan provided a 20-year option. 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. Looking at other comments I dont think they have helped any one. Two classes have been defined for this action. This was after I was out of work for one year on a forbearance program and when I got a job I call them and let them know and its been a run around for 5 months and now theyre threatening on April 13th to foreclose on my house unless I come up with $16,000 that is in the Rears. I am so tired of this harassment. They send you around the mulberry bush asking for the same paperwork and then saying they never received it. Amen! PDF [PUBLISH] In the United States Court of Appeals I am so stressed out over this. I would also like to have my name added to this. We finally gave up and lost our home. We received a letter from SPS who instructed us to send the mortgage payment to them. Hello I am in the same boat same story.. 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. SELECT PORTFOLIO SERVICING Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: select portfolio servicing. It is a Federal Crime, and that happened Act quickly!! Time for the halftime show! Whos watchin the hen house ? This still hasnt stopped them. The company did not respond to messages seeking comment. This field is for validation purposes and should be left unchanged. $75,000.00 which, to this date has not been applied to the mortgage. We have filed modification loanpaper refiancing papers and deed of liue and now our short sale was denied. Ive been trying to modify and assume mortgage after a divorce. Docket for Loza v. Select Portfolio Servicing, Inc., 7:17-cv-00430 Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. [Extreme, dont you think?]. If someone can give us some advice, I would greatly appreciate it. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. Select Portfolio Servicing, Inc. Credit Ratings :: Fitch Ratings SPS sluffed this off as so what! Look for an attorney and sue themthey are ALL corrupt!! 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 anyone can help, please contact me at lynn_sousa@yahoo.com. They are still charging me drive-by fees every month. I had a extremely bad fall with a serious injury. 12 CFR 225.28 List of permissible nonbanking activities. 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 . Im behind on my mortgage because they keep raising it. I need a lawyer to work for me against SPS and their unethical practices! By interference and intrusion, acts of omission and misrepresentation They demoralized our Courts and Judges, they defy our Constitution. For example, Select Portfolio Servicing advises a homeowner seeking loss mitigation options that a single point of contact ("relationship manager") has been assigned to assist with the communications, questions, or status' during the loss mitigation process. ( outside the United States). Select Portfolio Servicing: to Implement Prudent and Fair Servicing I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. I am ready for a lawsuit if there us one. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. ( I did get and settlement check from that lawsuit) 2. There are over 9109 complaints on file for SELECT PORTFOLIO SERVICING, INC. GARAY v. SELECT PORTFOLIO SERVICING, INC. - UniCourt how could i pay off my mortgage and still owe 90k on my house? Recently we were on a payment plan for our taxes 1/2 Miv and 1/2 June. Thats being WAY to PC but I dont wanna offend anyone. Now they are billing me for $3000 in attorney and drive-by fees. Four months later i keep getting the run around. Step 1: Submit required documents. Plaintiff's lawsuit seeks a temporary injunction to stop the foreclosure sale of her property located at 8308 Bridgetown Drive, Austin, Texas 78753 ("Property"). Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. Servicer may pay over $200,000 to settle class-action suit this is what they do. Then they denied to take anymore Partial payments. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. Door is shut to millions of American homeowners in need of mortgage They are unlawfully holding the $75,000.00 likely collecting huge interest!Also, knowing my home burned, they force placed expensive homeowners insurance! And at some point after that, Select acquired servicing rights to the mortgage loan. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair Thank you, I would like to get in on this class action lawsuit. Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. My loan was transferred to SPS and it is current! He also says that he questioned SPS about his transaction history. If your going to help them, dont bother me! Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? Need help with predatory loan with this company. Please add me to any lawsuit against SPS. working with cuban Drug Lords Ref. I called the lender yesterday to get a payoff quote for refinancing and they tell me I have to get it from this SPS outfit. Servicer Evaluation: Select Portfolio Servicing Inc. - S&P Global 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. Dec 28 2016. We are in the same boat. !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! Top Class The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. drug injury lawsuits and product liability lawsuits. Daniela Atencio Martin - Portfolio Solutions Leader - LinkedIn But according . DEMAND to see the wet ink note (the original). WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado. 3. This stops any other bank from redoing the loan. They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; My statements and all my account info at SELECT PORTFOLIO SERVICING, shows the original balance of $86,395.00!! IL. 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. How is this company still in business? Aug 2012 - 20142 years. Bank of America - cut 50 jobs at Legacy Asset Servicing unit in Fort Worth, TX. 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. They sent people to my home to give us a letter to validate we live here. I am a veteran I served six years in the military only to be homeless? Our account number if you go to the bank is still connected to Chase Bank. Mind you it was lender place insurance. Fitch Affirms Select Portfolio Servicing's U.S. RMBS Servicer Ratings that reports on class action lawsuits, class action settlements, I wish There was some way to get back at this company. All Rights Reserved. 1. stating because of lender place insurance. Someone PLEASE CONTACT ME. Select Portfolio Servicing HARASSING YOU? Additional information General Correspondence P.O. Does anyone know if there is a pending law suit against SPS. 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. Thank you. 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. 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. Guess what? It is important that you submit the documents to us as soon as possible because we . It is unbelievable and very stressful to deal with this company. Perkins Coie is known for its high standards and commitment to excellence. Select Portfolio Servicing Class Action Targets Debt Collection SPS sends me many letters each week telling me I am in default of the loan even though I pay on the 1st of every month, but not the amount that they say I am to pay. 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. Always denied!! SPS has also been heavy handed with me, offering me a modification. Terms and Conditions. I inquired how The Riveras seek to represent two separate Classes. I get different answers from different representatives . Paid mortgage on time last 14 months, until spouse stopped paying support money in October, SELECT PORTFOLIO SERVICING said they will modify my loan, I advised them I might refinance to do some repairs..3 days later my credit took a 71 point Hit due to 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. What would other Government Agencies will do? My daughter passed away and left everything to me in her will. 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 forced a forbearance on me. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. even more owed! I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. The court granted her a discharge in July. Consumer Financial Protection Bureau Settles with Specialized Loan They say I owe over 250,000 on a home I purchases 15 yrs ago for 120,000. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . Reese v. Select Portfolio Servicing Inc. CA1/4 - CourtListener 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 . For them to do so is FRAUD and they can be sued for it!! 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. I owe more on my house them when I purchased it. Bank of America - cut 70 mortgage jobs in Simi Valley, CA. They lie about what they say and do not communicate except by mail asking for more and more information. U.S. RMBS Servicers Scrubbing Their Portfolios of Problem Loans. Were they clear about the terms and conditions? That is a violation of my Civil Rights that are protected and covered under the ADA ACT. On two W.T.F. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. Both agencies claimed the company was engaging in unfair, deceptive, and illegal practices in the servicing of subprime mortgage loans. No refince with them or documents signed. Rose v. Select Portfolio Servicing Inc. - SCOTUSblog Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! These unlawful deceitful practices must stopId like to join in based on the principle!!! 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. Box 65250 Salt Lake City, UT 84165-0250 Account PaymentSelect Portfolio Servicing, Inc. Attn: Remittance Processing P.O. Click Change Settings if you want to tailor the use of your cookies. 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. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. They wont stop running up more fees and this has been going on for 3 years!!!! Entity featured on Fitch Ratings. I have been trying for YEARS to sell home. I know how hard it can be. You may not receive a monthly statement? Constance Daniels v. Select Portfolio Servicing, Inc., No. 19-10204 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. 8. SELECT PORTFOLIO SERVICING, INC Complaints by Product Latest Complaints 2019-12-04 Countyline, NC Trouble during payment process Mortgage: Conventional home mortgage Company Response: Company believes it acted appropriately as authorized by contract or law Closed with explanation Timely Response 2019-12-03 Marlboro, MD Struggling to pay . 100% agree they are just stealing our properties with help of judges. My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. 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.. add me please.these jerks keep saying my 2019 taxes arent paid, i have sent them proof 3 times & so has my city/county office, & they still insist they are not paid & raised my mortgage!! slect porfolio servicing aka SPServicing Scammed, Bullied, Reported false information to Credit Bureaus Salt Lake City Utah. There were no new terms agreement made or signed so there is no ceiling to a stopping point. Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. I sent it to SPS and they told me that they never received the money. 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. Rushmore Loan Management Lawsuit - Law Cost 4. . Does THAT sound familiar to you, did that happen to you, a friend or a family member? With no notice. 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. Requesting for documents not related to the loss mitigation you applied for OR. When trying to speak with someone on the phone, nothing but the runaround and incompetence. This is one of the most unprofessional companies that I have ever come across. I decided to go back to school to study law because of the stress they have put me through. Select Portfolio Servicing Inc ., a homeowner's conservator, Reese, sued a mortgage servicer, SPS, for HBOR and UCL violations after the mortgage servicer initiated foreclosure proceedings.. then they send me a new letter saying different paper work is missing this been going on for seven years. . Ct. Travis County, Tex. Ballooned our loan from $598 to $1250. 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. Select Portfolio Servicing Facing Lawsuit Over Alleged - Class Action