even more owed! The complaint quotes the plan as saying, The value of [Selects] second mortgage claim on Debtors property is valued at zero. So I am reporting of what I believe to be Unfair Lending Practices. It has been a nightmare and there has been my forged signatures to documentsee trying to undercut the firm handing my case. SELECT PORTFOLIO SERVICING, INC., Defendant-Appellee. 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. Yes!!! My home burned 3-16-16. Select portfolio servicing has from day one used deceptive tactics , fake assignments and denial to access our account to be forced into foreclosure. Before them. 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. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. Servicing of mortgage loans and administration of escrow accounts. They dont purchase loans. SPS never took ownership of the house. This is not the only recent class action lawsuit against Select Portfolio Servicing. 559.72(7), 559.72(9). I have been experiencing difficulties as well. My name is Lisa House I too am being used by SPS SERVICING. 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.. 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 ???? According to the complaint, Select Portfolio Servicing has a portfolio of over 33,000 special servicing loans totaling around $4.8 billion. They tell you they can help with the programs they have. I owe more on my house them when I purchased it. The person represented SPS and the person was driving a car with license plates registered to a truck. 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. 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? 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. 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 . We finally gave up and lost our home. Had them on Two Strikes when upon the third they were Striped of their right to FORCLOSE . Hi, I am dealing with that now. Dont give up. I understand every one of these posts this company is terrible.So sad. Select Portfolio Servicing Bankruptcy Debt Collection Complaint December 30, 2019 This class action brings suit under the Fair Debt Collection Practices Act (FDCPA) in reference to a mortgage serviced by Select Portfolio Servicing, Inc. Did anyone look into the 1098 FORMS SPS had mailed out to you for the years of 2017, 2018 and 2019? Anyone interested in joining us on the lawsuit contact me at j_perezm@live.com. There are too many things that SPS has done illegally to me to count since taking over my loan in 2012. I know 5 other people that would gladly join this lawsuit against those CROOKS. Ive tried so many times with this company and all they have done is lied to me !!! Fines. 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. 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. There were no new terms agreement made or signed so there is no ceiling to a stopping point. I send SPS a check on the 1st of the month every month. Oct 26 2017. the sad thing is nothing will come of anyones complaints or lawsuits. Then they try to foreclose on your home you have been in for years and you try to work with them on different options to no avail. I was able to catch up last year. However, this can result in some functions no longer being available. This is one of the most unprofessional companies that I have ever come across. Aug 2012 - 20142 years. receive is excuses why I dont have the replacement check. 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. The suit, for claims. You can submit your information here: https://topclassactions.com/start-a-class-action/. expected to be mailed out. I have been paying my mortgage for around 8 years and have paid only a fraction of what should have been paid. The complaint alleges that the company tried to collect on a mortgage loan during the time, and after, the borrower was involved in bankruptcy proceedings. Please add me.. November 22, 2019: Filing 3 CERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Select Portfolio Servicing, Inc.. (Hord, Michael) November 22, 2019: Filing 2 NEW CASE NOTES: A filing fee has been paid. They paid 3 homeowners insurance Companies and charge for each in2021. Learn more about the cookies we use. I would like to know if select portfolio has a class action lawsuit against them for predator loan. 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. My husband is disabled we are on a tight income. If it is NOT.. The monthly re-payment plan is 4 xs times the amount of my regular monthly mortgage and is for 12 months. 3. They want us weak and worn down! 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. They will not take our home! Once there, you will be able to search a broad database of specialized attorneys in your area that you may consult. They tell you they can help with the programs they have. i am broken hearted at thought of losing my home with my disabled child. !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! I have had it. 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. I told my daughter that they werent going to help us and they havent! 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.. select_portfolio_svcg_fdcpa_complaint.pdf, Attempt to Collect Debt Discharged in Bankruptcy. BankFirst - shut by FDIC. Was the youngest Manager of four and achieved rapid promotion through the ranks in three years. 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. 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. All Rights Reserved. Everything you State is FACT. They sent people to my home to give us a letter to validate we live here. 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. Looking at other comments I dont think they have helped any one. They are still charging me drive-by fees every month. Petition for certiorari denied on June 29, 2020 Issue: Whether 11 U.S.C. Select Portfolio Servicing is an associate firm of Perkins Coie, one of the largest legal consultancies in the United States. Im not the sharpest knife in the droor, but a blind man could smell these SCUM BAGS 2Big2fail ??? They have actually done drive bys to make sure someone lives there. Well they file to foreclose and I returned file bankruptcy. They are predators of the elderly and have no true documents to foreclosure. I had an electrical fire in 2011 (I think) and again no problems with Bank of America filing a claim. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. this is what they do. Were they clear about the terms and conditions? Statements are regularly sent to homeowners using the letterhead of a designated company who is claimed to be a servicer. If your going to help them, dont bother me! SMH. 7. They should have multiple suits against them. 100% agree they are just stealing our properties with help of judges. after 2 previous probationary warning shots upon the third were stripped of their right to forclose.. I continue to make payments. We are in the same boat. I wish to contact this lawyer as well I have SPS and theyre Crooks . 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. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. Magistrate Judge. If someone can give us some advice, I would greatly appreciate it. 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. I pay the late charges for being late. NOT. Does anyone have any suggestions on how I can get my name of the Deed? Box 65250, Salt Lake City, UT 84165-0250 Account Payment Attn: Remittance Processing, P.O. Im now a widow on SSDI and this whole ordeal has caused me so much more stress and fear. Lynn, Hello I am in the same boat same story.. Box 65450 Salt Lake City, UT 84165-0450 Please write Will not give us our ESCROW! 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. Twice since my lawyer has had to return to the trustee in my behalf over arguments of the total owed and my monthly payments. 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. We CANT let them! Our account number if you go to the bank is still connected to Chase Bank. How do you sue or bring charges to the forger . 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. Whom do I contact for more information regarding a lawsuit against SPS? They lie about paperwork when you send it or what you should send to them! After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. SPS tried to make me pay the mortgage payments, even though the house was discharged in bankruptcy. Modification for YEARS. This I believe was done to PREVENT ME FROM REFINANCING, instead I would be Forced to modify with SELECT PORTFOLIO SERVICING! 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 call SPS and they tell me they will send me the paperwork and never do. Amen! We showed proof of our loan and we were lucky our bank helped us through a refinance. drug injury lawsuits and product liability lawsuits. The case status is Disposed - Other Disposed. It is a Federal Crime, and that happened Act quickly!! As of today (9/15/2018) the Deed of the house is still in my name. Less than a month ago, Select Portfolio Servicing settled a separate class action lawsuit about its force-placed insurance practices. SPS Acct 0015160716 Relationship Y. Matguez Tip#2 We have refinanced an equity loan which banks do not resell. My bank shows the check for this month is pending, so what did SPS do with my check from last month. My ex-husband and I have been held captive for years!!!! Ct. Travis County, Tex. Were you able to complete the first 3 payments, and later defaulted, and may have or you are about to lose your home now? They wont be able to produce it! We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. At the maturation of the mortgage in 2036, I will essentially owe about 70% of refinanced amount under the HARP modification. I need help to make this mess go away! I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. I believe that SPS wishes to foreclose on the house, instead of allowing for the agreed to Short Sale. They say my income is not enough .. Mar. They said they would modify the agreement but only sent forms and saying they were sent and they were. 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. Misleading homeowners 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. They also said because they are not a bank I cannot do a loan modification. 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"). also brought charges of money laundering against H.S.B.C. They have taken off the original borrower and placed the account in the deceased borrowers name to prevent her from accessing her account. 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.