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. [*1] Mekawy v Select Portfolio Servicing, Inc. 2020 NY Slip Op 50287(U) Decided on February 26, 2020 Supreme Court, Queens County Weiss, J. When I called all I In January 2018 I lost my home to SPS. Please add me to any lawsuit against SPS. Step 1: Submit required documents. 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. My Mortgage was brought by them back in 2002 and it is like I have not been paying Mortgage. I have been denied modifications, short sales and now foreclosure which didnt sale and they are now saying they own the home and offering relocations assistance available of 3,000 to leave so they can sale. 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 . They sent people to my home to give us a letter to validate we live here. 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. Pay extra for the privilege of deciding how much to pay them or let them empty my bank account every month since its free. The Judge overseeing this case is James Lawrence King. 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. It is unbelievable and very stressful to deal with this company. SPS has been blocking every attempt for the short sale to go through. Did you sustain in your payments? 4. Select Portfolio Servicing will also provide advice concerning various aspects of selecting an appropriate legal strategy and handling the case after it is filed. It is unbelievable and very stressful to deal with this company. Our payments went up 800 a month by the time we lost the house. Managed a team of 12 staff and was responsible for recruitment, training, performance, supervision and quarterly reviews. I have been required to carry insurance for sps and I have been wrongfully forclosed upon with all the typical bs.from sps. 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. 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. They said they cant extend it beyond that period. 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. Look for an attorney and sue themthey are ALL corrupt!! Select Portfolio Servicing has resolved 9 complaints. Im trying to do a short sale and their stupid bank says the house was worth one thing and I was supposed to get relocation help which they say Im not going to get because if they gave it to me the bank will get less than what they want for the house No one told me anything asking me to send papers and did all instructed so now they are mad because they are stupid ! I am a veteran I served six years in the military only to be homeless? My daughter passed away and left everything to me in her will. The suit, for claims. creating another long drawn out process. Were almost there to shut them down and make them pay back all of us!!! I want to get away from this company but they wont allow me to refinance with anyone else. 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.. The people lied to us saying they represent a bank and we are to call the bank about our mortgage. A year later I have not received the replacement check for the one sent in. 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. the loan modification came with a ballon payment of 90k in 20 years. The court granted her a discharge in July. Your email address will not be published. Now they are billing me for $3000 in attorney and drive-by fees. We showed proof of our loan and we were lucky our bank helped us through a refinance. In September 2016, it was confirmed by the court. The firm's many attorneys have a wide range of expertise in all areas of the law. Click Change Settings if you want to tailor the use of your cookies. You can change these settings at any time. 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.. If there is a class action against them Id love the chance to run this company out. 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. 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. 12 CFR 225.28 List of permissible nonbanking activities. Select Portfolio Servicing is a loan servicing company based in Salt Lake City, Utah, with an additional office in Jacksonville, Florida. At some time after that, Fleming was unable to make monthly payments and defaulted on the loan. 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. https://topclassactions.com/wp-admin/admin-ajax.php. I received an escrow check from SPS inc made out to my ex-wife and myself. The person represented SPS and the person was driving a car with license plates registered to a truck. 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. We offer a submission form on our website for you to fill out if you are seeking class action legal help. ALSO I HAVE A HUGE DOG IN THIS FIGHT WITH THE US DEPARTMEMT OF JUSTICE THROWING THEIR UNPOLITICAL DOG IN WITH MINE. Thank you. Whoever you signed your loan with is still responsible. I have been trying to sell the house in a Short Sale. Count me in the class acton as well. yep faraudulent taxes reported my taxes paid in 2017/2018 wrong when i got my end of year totals.. stole my house right out of ch13 which we completed for 5 yrs and lived off only what we me made cash to save our house and in the end the they screwed us anyway and foreclosed n stole our home.. they need to have the riots take over their buildings and b taught a lesson if our own government wont stop this insanity of wolves!!! 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. The house was left to me in the will and I was his executor. The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . Aug 20, 2021 PRINCETON A woman is suing Select Portfolio Servicing for breach of contract, fraud and violations of the West Virginia Consumer Credit and Protection Act. 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 ialso pays to do a ferinzic audit .i did now i can sue them all. I owe more on my house them when I purchased it. Gavin June 18, 2021 June 20, 2021. 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. Click Accept if you consent. I have no mortgage, loans or bills. This company has no intentions for home preservation for homeowners who are good paying customers, making their monthly payments. 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 This company needs to be investigated and shut down for unfair practices and using fake documents and fake entities to steal homes. Some choice, huh? They send you around the mulberry bush asking for the same paperwork and then saying they never received it. We tried to work with them for years. We have refinanced an equity loan which banks do not resell. If they feel you qualify, they will contact you directly. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. 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. 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 ! 4, 2019). Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. When trying to speak with someone on the phone, nothing but the runaround and incompetence. The case status is Pending - Other Pending. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. They stay in house. 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 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. I tried continuously to modify my loan after falling behind. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. 2. SPS Acct 0015160716 Relationship Y. Matguez SPS said they would not accept any more payments and charged off the loan. also brought charges of money laundering against H.S.B.C. They dragged their feet, sent notices that they didnt receive replies to correspondence which would arrive 2 days after we received the original request. 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. NOT. They only send a power of attorney for SPS to handle the payments of the loan. We will use these documents to determine your eligibility for our deed-in-lieu option. Now I have a house no mortgage cannot sell and a chargeoff that accrues interest. 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. 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. My SPS mobile app is a fast, secure way to manage your mortgage account 24/7. My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. Now they have raised my mortgage again saying to cover the negative escrow. I need help to gett a loan modification. settlement administrator or your attorney for any updates regarding I had a heart transplant and they stole my home from me . As of today (9/15/2018) the Deed of the house is still in my name. 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? You may not receive a monthly statement? Sounds familiar! After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. This case was filed in U.S. District Courts, Texas Southern District. 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. Any help is appreciated!! Select Portfolio Servicing DEBT COLLECTOR CALLS?https://www.lemberglaw.com/select-portfolio-servicing-sps-collectio. They are predators of the elderly and have no true documents to foreclosure. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. Management And Organization 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 . . I would love to stick to these jerks. 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. 100% agree they are just stealing our properties with help of judges. Yeap you all are correct they are crooks! They are prime evil, liars and thieves!! that has to be illegal. The house needs lots of work therefore I cannot sell it and SPS will not accept payments but my loan interest continues to accumulate. Special Report / Tue 30 Apr, 2019. Author: New Castle, Delaware. At. [Extreme, dont you think?]. The F.T.C. This company for real needs investigated. With no notice. Thats being WAY to PC but I dont wanna offend anyone. 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!! The case is still moving through the courts and has not yet reached a settlement. Privacy Policy | But Bank of America still provided the funds according to my lender place insurance and got my home fixed back up. 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. Seek help!! That Tip #2. 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. Recently we were on a payment plan for our taxes 1/2 Nov and 1/2 June. 11:06 AM. 19-10204 (11th Cir. Jul 2010 - Jan 20154 years 7 months. Entity featured on Fitch Ratings. i owe approx 140k on my mortgage. People do not modify with this company they will make it worse!!! They are ONLY a Servicing company SPS is a credit intermediary not permitted in the United states; They changed my land records so there is no real chain of title. Somebody needs to shut this company down. and wondering if stumbling and bumbling company will make it out as the original check What and who do I need to contact. If you answer is YES for anyone of the questions, sadly, you were duped, fooled and deceptively mislead. I wrote to them and they havent responded. This case was filed in U.S. District Courts, Florida Southern District Court. I first contacted SPS October 2018. I would also like to have my name added to this. Our account number if you go to the bank is still connected to Chase Bank. We are in the same boat. It is unbelievable and very stressful to deal with this company. Plaintiff sued Select Portfolio Servicing ("Portfolio"), a mortgage servicer, under the Fair Debt Collections Practices Act ("FDCPA") and the Florida Consumer Collection Practices Act ("FCCPA"). PLEASE ADD US, JOSEPH and VENUS WILLIAMS! They are a Threat to the General Public. SPS can controls the insurance, they pick the policy, price and force me to buy from only their vendor? Thank you, I would like to get in on this class action lawsuit. According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? My Bank sent them $34,000.00 on 2/15/2019 I called and ask them to apply $34,000to my Principal only when they received the check, I was told they made a record to do that when the check received, instead they took out extra Mortgage payment for the following month even auto paid is set up for my regular monthly payments when I called them concerning the payments I was told I did not call then when they received the check and that is how the computer is set up to take another month mortgage payments how would I know the exact time and date they received the check, I was never advised that is what I have to do to call them every 5 minutes to remind them, I also lost my home in 2014 due to increased and added fees I just couldnt keep up with and they would not work with me. Im interested in joining you on the lawsuit. not only that I have asked about the lender placed insurance because I live in a mobile home close to the river (cant get insurance) they have the value more then what my home is worth) will not lower it? The balance indicates we owe more now than when we purchased the property 24 years ago. Select Portfolio Servicing said a clause in their original loan provided a 20-year option. Due to their overall incompetence and in particular, their incredible ability to lose documents, we lost our home and so much more. These unlawful deceitful practices must stopId like to join in based on the principle!!! Worked with . Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! We are trying to do a Modification and they keep saying they are not getting the right paperwork. 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 ???? Did they ask you the same more than once? 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. SELECT PORTFOLIO SERVICING, INC. Case Summary On 08/08/2019 GARAY filed an Other - Arbitration lawsuit against SELECT PORTFOLIO SERVICING, INC. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! 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..!!!!!! Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. SPS Undermines the United States and diminishes our Judges and Courts. [Select] shall release its lien against the aforementioned property upon discharge.. Long story short, I am getting out of long nasty marriage, attempting to fix my credit after years of me trusting spouse on finances. 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. My loan was transferred to SPS and it is current! 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. She alleged that the erroneous monthly mortgage statements were harassing, false, and mislead-ing, and that by sending them Select Portfolio engaged in unfair Contents. Did your modified mortgage payments seemed similar to the original mortgage payment you had when you acquired your loan prior to default? I just found out that SPS has basically duped me out of $40k. I know 5 other people that would gladly join this lawsuit against those CROOKS. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. They are doing the same thing to my mom and dad in Gilbert SC. Published by New York State Law Reporting Bureau pursuant to Judiciary Law 431. . I definitely believe they are fraudulant and they are illegally trying tot take my home. We received a letter from SPS who instructed us to send the mortgage payment to them. WASHINGTON, D.C. Today the Consumer Financial Protection Bureau (Bureau) settled with Specialized Loan Servicing, LLC (SLS), a mortgage-loan servicer in Colorado.

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