Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. This company is a bully, misleading, and screw a lot of customers over by taking their home. drug injury lawsuits and product liability lawsuits. I agree, we have dealt with the company for a couple of years and their goal is to have you lose your home so they can make a profit. I have evidence that SPS had deceived hundreds of thousands of homeowners across the United States, and in the process, it may had also defrauded the U.S. Treasury Department by Misreporting and misusing, wasting TARP Funds. They refuse to work with you, they increase your notes higher to make sure you fail. There may be more reports for "select portfolio servicing" For more results perform a general search for "select portfolio servicing" . And of course each time they (the banks) are getting paid via their own insurance. Ive tried so many times with this company and all they have done is lied to me !!! SPS bonus for liars, cheaters and thieves? Always denied!! All offers were denied. I am owed another escrow check They started with me as my husband was fighting cancer and I spiraled into a deep depression after he was gone. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. The Select Portfolio Servicing Unfair Debt Collection PracticesClass ActionLawsuit is Angel Rivera, et al. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. I was able to catch up last year. This is not the only recent class action lawsuit against Select Portfolio Servicing. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! And at some point after that, Select acquired servicing rights to the mortgage loan. SPS has also been heavy handed with me, offering me a modification. Any help is appreciated!! i am broken hearted at thought of losing my home with my disabled child. From refusing to give me copies of my loan and paperwork stating they own my loan to reporting to the credit bureaus that i had modified with them when i was trying to get refinanced because they were playing stupid games with their modifications putting my payments on hold and charging me interest and fees that they couldnt explain while holding my payments unapplied. the content you have visited before, Advertising: Gather personally identifiable information such as name and location, Advertising: Use information for tailored advertising with third parties, Advertising: Allow you to connect to social sites, Advertising: Identify device you are using. When you have lost your home, acted in good faith, and lost your sanity, it is when they are fined and you may receive a $100.00 for the GREAT Class Action. All over the country and getting away with it! Our mortgage is underwater, which means we owe more than the house is worth. They just did it. then they send me a new letter saying different paper work is missing this been going on for seven years. This is one of the most unprofessional companies that I have ever come across. 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.. Whos watchin the hen house ? The case status is Disposed - Other Disposed. My daughter passed away and left everything to me in her will. This company is a disgrace tio have a legal right to do business in the USA. We modified back in 2010 and did 2- three trial payments and some how after it was all said and done they added over 35k in fees and interest, left the same high interest rate plus they put us in a ballon payment. I wish someone would stop them. This attorney was supposed to help me get a loan modification for me but all he did was delayed my payments fir two years, then he said I could file for chapter 13 bankruptcy modification so I got in touch with another attorney who helped me get the chapter 13 bankruptcy to save my home but select profolio refused to give me a modification on my property. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. We CANT let them! I am so stressed out over this. 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. Select Portfolio Servicing, Inc. Case Summary On 05/17/2019 Ortega filed a Property - Foreclosure lawsuit against Select Portfolio Servicing, Inc. If you did, it is very LIKELY that you were duped! What can I do? They will not take our home! 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 . 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. Misleading homeowners I told them I was going to get a lawyer if they did not refund my $500.00. ( outside the United States). I have been trying for YEARS to sell home. Select Portfolio Servicing, Inc. 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. 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 . Time for the halftime show! Select Portfolio Servicing said a clause in their original loan provided a 20-year option. 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 call SPS and they tell me they will send me the paperwork and never do. I HAVE FILED A COMPLAINT AGAINST THIS FRAUDULENT COMPANY WITH THE US CIVIL RIGHTS DIVISION, US CRIMINAL INVESTIGATION DIVISION AND THE FEDERAL TRADE COMMISSION BECAUSE MY MORTGAGE WAS COMPLETELY PAID OFF IN AUGUST 2018 WHEN I WAS TOLD THAT I HAD TO RETIRE DUE TO MY DISABILITY AND THIS COMPANY CLAIMS THAT THEY OPENED A MORTGAGE LOAN UP ON MY HOUSE IN September 2016 but they lied about because I refinanced my house with Rushmore Loan company on the same day for the exact same amount of money as the truthful mortgage company did . 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. i owe approx 140k on my mortgage. Bank of America - closed mortgage center near Portland, OR, 102 layoffs. 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. It has been nothing but a nightmare, since they took over mt mortgage a few years ago. It is a Federal Crime, and that happened Act quickly!! I wish There was some way to get back at this company. My name is Lisa House I too am being used by SPS SERVICING. Four months later i keep getting the run around. I know 5 other people that would gladly join this lawsuit against those CROOKS. They also said because they are not a bank I cannot do a loan modification. Then they offered me a modification with a $20,000 balloon payment and $1064 a month. The suit, for claims. The complaint thus claims that Select tried to collect on the loan while the bankruptcy discharge injunction and automatic stay were in effect. Im behind on my mortgage because they keep raising it. Documents indicate that SPS had violated countless Federal Laws, not only consumer laws, but also BK Laws. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair Engaging in prohibited actions [The Request for documents unrelated to a loss mitigation, mentioned here, it is considered a violation of RESPA and the CFPB had considered the Practice Unfair and Deceptive and likely to cause harm to consumers. 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. Whoever you signed your loan with is still responsible. When they took over from Accredited Home Lenders my payments went up $362 a month without any reason given to me. Now all these years later I owe them $176 and change thousand dollars. According to the Mortgage Bankers Associati. I sent it to SPS and they told me that they never received the money. [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. Select Portfolio Servicing, Inc., No. If they did, is the information in the 1098 FORM [which includes all the payments you made to SPS in interest and Principle reported to the IRS] correct and accurate? Select Portfolio Servicing is the defendant in a lawsuit that claims it refused to send the plaintiff information he requested pertaining to one of two mortgage loans. Same situation home sold by HFC and Select Portfolio Servicing had been send mee all type of late charges and false documents. Two classes have been defined for this action. 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. They also call me 3-4 times a week, at all hours. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. 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 owe more on my house them when I purchased it. Seek help!! Fill out this form for a FREE and prompt case evaluation. i live in long island and i can t get my loan modified becasue the taxes out weight the morgtgage. The company is now asking for 2 Proofs of Occupancy. My loan was transferred to SPS and it is current! Acting as intermediary for the financing of commercial or industrial income-producing real estate by arranging for the transfer of the title, control, and risk of such a real estate project to one or more investors, if the bank holding company and its affiliates do not have an interest in, or participate in managing or developing, a real estate project for which it arranges equity financing, and do not promote or sponsor the development of the property. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. Credit Suisse USA and SPS: The U.S. Select Portfolio Servicing, Inc ., D-1-GN-19-001092 (200th Dist. 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! document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. The person represented SPS and the person was driving a car with license plates registered to a truck. Additional information General Correspondence P.O. 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 made a partial payment on my account and was told it was fine to do that to make the rest in a week. I would like to know if select portfolio has a class action lawsuit against them for predator loan. When I called all I Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? The people lied to us saying they represent a bank and we are to call the bank about our mortgage. TARP Funds [See. More than 86% of the aforementioned statistics are loans originated before 2008. 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. Author: New Castle, Delaware. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. My Nightmare began the day my mortgage was transferred to them for servicing after a CH 13 BK in which they didnt lose a dime! Founded in 1989, SPS is not accredited by the Better Business Bureau and has received hundreds of complaints for billing/collection problems and potential FDCPA violations. even more owed! History [ edit] Select Portfolio Servicing was created as a Utah company in 1989. Aug 2012 - 20142 years. And no one has the same story! For them to do so is FRAUD and they can be sued for it!! 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.. My husband is disabled we are on a tight income. My state recognizes me as the homeowner but SPS keep telling me I have no interest in the house. 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. 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! Published by New York State Law Reporting Bureau pursuant to Judiciary Law 431. . I was livid. Setting up a free account with Top Class Actions will allow you to receive instant updates on ANY article that you Follow on our website. Like so many others, they misled me telling me I would qualify then repeatedly denied me based on missing documents, etc. Does anyone know if there is a pending law suit against SPS. The increase of a discharged mortgage debt, the increase of fees, interest charges and perhaps other acts or practices may be: A Violation of your BK Stay Other BK Protections you and I, as debtors are entitled by Federal Law. Salt Lake City Utah Then after that was submitted and then denied. On December 2017, Credit Suisse agreed to settle with the DOJ $5.8 Billion Dollars for Residential Mortgage Security FRAUD. 4, 2019). Home Loans, Inc., the Supreme Court held that TILA requires only written notice, and not the filing of an actual lawsuit, within the three-year period for exercising the right of rescission. Pursuant to Misc. 3:16-cv-03112, in the U.S. District Court for the District of New Jersey. I have a LAUNDRY list of ILLEGAL activities that SPS has done to me. OVERVIEW Plaintiff Jeanie Reese is the conservator for homeowner Leoma Musil. I need a lawyer to work for me against SPS and their unethical practices! They are violating 12 U.S. Code 2605. Somebody needs to shut this company down. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. It has been one thing after another with SPS. 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! Wow. Requesting for documents not related to the loss mitigation you applied for OR. 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 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. 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. We got different answers to the same questions. IM GOING TO DO EVERYTHING LEGALLY IN MY POWER WITH ANY LAWFIRM THAT WILL JOIN ME OR US BECAUSE I SUFFERED AND IM STILL SUFFERING FROM THE AFFECTS OF MY HEALTH DETERIORATING AND I WILL NEVER GET BACK MY HEALTH THAT I LOST BECAUSE OF THE SIGNIFICANT PAIN, MENTAL AND SOCIAL ANGUISH THAT THIS COMPANY CREATED AGAINST ME. Since the fire I have been lied to by SPS reps regarding short pay offers. 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 ! 3. (ii) Arranging commercial real estate equity financing. SPS has charged off as well but keeps charging me monthly charges and harasses me multiple times daily . With no notice. 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. I call SPS and they tell me they will send me the paperwork and never do. However if I try to sell the house I would need to pay them plus the continued monthly interest. 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. I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. 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. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. If your going to help them, dont bother me! PLEASE ADD US, JOSEPH and VENUS WILLIAMS! Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. W.T.F. 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. Please add me.. I had a extremely bad fall with a serious injury. NOT. I need to find out about the class action lawsuit if possible. Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. This company is horrible. They stay in house. SPS is fully owned by Credit Suisse USA, a large investment Company. 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. 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. 2, Report #1408758. Hello I am in the same boat same story.. Please contact me! Just wondering WTF happened to my escrow account balance of $1500? Yes!!! they just took over caliber home loans, i am paid up to date on my mortgage, & they just sent me the 2nd bill, $5206.64..!!!!!! Servicing of mortgage loans and administration of escrow accounts. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. 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.