select portfolio servicing lawsuit 2019

You can not pay them on line as I did with my Bank before. My home burned 3-16-16. Somebody needs to shut this company down. I also have Select Portfolio Servicing, Inc. and I been have issues with SPS illegal fees of a Loan Modification because in my situation my principal of my mortgage is $122k (Libro Loan in 2005 with % rate of 8 to 15%) but they added fees and past due payments to $265k and my home is only worth $90k . Plaintiff Jacqueline Fleming took out a mortgage to secure the purchase of a home in April 2005. All Rights Reserved. NOT. Someone PLEASE CONTACT ME. Dont even get me started about insurance and everyone saying something different and i recorded alot of it!! I had a extremely bad fall with a serious injury. I have had problems with my monthly mortgage since SPS has taken over the account. v. Select Portfolio Servicing Inc., et al., Case No. We have refinanced an equity loan which banks do not resell. settlement administrator or your attorney for any updates regarding Overview 292 Reviews 7 Jobs 392 Salaries 28 Interviews 68 Benefits 6 Photos 65 Diversity + Add a Review Select Portfolio Servicing Reviews Updated Feb 8, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 284 of over 292 reviews Sort Popular Popular COVID-19 Related Highest Rating 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. Their lawyers are committed to providing the best legal . 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. This is one of the most unprofessional companies that I have ever come across. 3. The Select Portfolio Servicing unfair debt collection practices lawsuit alleges that those communications to the Riveras violated the FDCPA in at least two ways. 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. 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. Targeted to increased both customer numbers and quantity of savings in the . According to the lawsuit, the plaintiff's U.S. Bank mortgage debt was accelerated in 2009 and began being serviced by SPS in 2013. Step 1: Submit required documents. Meanwhile SPS has placed my account in default & threaten me constantly via phone & letters! 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. Additional information General Correspondence P.O. I. First, it is illegal to attempt to collect any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly permitted by law.The complaint argues that the attempt to collect late charges that very from day to day is unlawful. 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. Count me in the class acton as well. There may be more reports for "select portfolio servicing" For more results perform a general search for "select portfolio servicing" . So I am reporting of what I believe to be Unfair Lending Practices. I am very disappointed. 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. 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..!!!!!! It was then I realized that a Chase had not removed PMI during a consolidation and was referred to SPS to correct. They refuse to work with you, they increase your notes higher to make sure you fail. Learn more about the cookies we use. 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. I have been trying for YEARS to sell home. America mourns for Her people. 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. Worked with . Please provide any additional information about your inquiry. I am dealing with that now. We received a letter from SPS who instructed us to send the mortgage payment to them. 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.. They tell you they can help with the programs they have. I have been experiencing difficulties as well. This field is for validation purposes and should be left unchanged. The Investment company receives $1.00 to $1.5 for each $1.00 forgiven as a CREDIT towards the $5.8 Billion Dollars Settlement. Loan Servicing Representative professionals working at Select Portfolio Servicing have rated their employer with 3.3 out of 5 stars in 18 Glassdoor reviews. Looking at other comments I dont think they have helped any one. Am facing foreclosure after numerous attempts to get a modification. All the issues you brought up are valid issues and an attorney can tell you how to protect your home. 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? Actions does not process claims and we cannot advise you on the But in November of that year, Select again tried to collect the mortgage from her. Then they denied to take anymore Partial payments. they say they gelp you with a loan modification. I was promised if I move out and give them the keys, they will return give me $2500 moving expense. Oct 26 2017. These unlawful deceitful practices must stopId like to join in based on the principle!!! Any help is appreciated!! . The Automatic Stay Class is similar, but it is for persons Select tried to collect from while they were actively in bankruptcy proceedings. I asked for bills or invoices for the attorney and drive-by fees, but they refuse to send me anything. They also call me 3-4 times a week, at all hours. They are the worst scum EVER! Bank of America - cut 70 mortgage jobs in Simi Valley, CA. We learned early on to wire the payment from our bank so they wouldnt delay payment postings. 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. Ive been disputing this for almost 2 years now. I never expected that in America, a thief would get the key and tap into their shoulders for the financial crime they committed. 19-10204 (11th Cir. Think Im caught up and bam! Did SPS mail a letter and SPS DID NOT CLEARLY LISTED which document were needed to complete your application for a Loan Modification? Thank you. Select portfolio is scum! I know theres a lot of us out there that, sadly, have experienced the same thing. However, this can result in some functions no longer being available. After you send a pile of paperwork, they start sending you a pile of generic letters stating the same thing. They keep trying to steal my home. Tip#2 We have refinanced an equity loan which banks do not resell. SPS would never give me dates/amounts/ownership of loan. They are saying the balance is still 52,000. On two They just did it. 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 ! I filled bankruptcy in 2010 (placed my house in the bankruptcy) was discharged in 2011. Theyve planned this so they could ultimately foreclose. I about lost it on them. 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. I could go on for days. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement Who, between December 30, 2018 and the pendency of this class action, Received correspondence from Select Portfolio Servicing that is the same or substantially similar to the mortgage statement at issue in this case, For the purposes of collecting on a consumer debt. 12 CFR 225.28 List of permissible nonbanking activities. My husband and I are current being squeezed by SPS to enter into a high monthly repayment plan. Defendant (s) Select Portfolio Servicing Law (s) Real Estate Settlement Procedures Act State (s) New to ClassAction.org? Select Portfolio Servicing, Inc. My house is paid off twice now because of this Fraudulent Company and I am going through the correct channels for the Federal Government to shut this unrated , nonexistent BBB company . receive is excuses why I dont have the replacement check. SPS Undermines the United States and diminishes our Judges and Courts. All I can say is WOWHELP!!!!!!!!? 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. Your email address will not be published. Entity featured on Fitch Ratings. 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. Please add me to this lawsuit as well. Did anyone mentioned here they had received the famous, Federally prohibited, runaround which it is, but not limited to: 1. The company has many years of experience in providing legal representation to a variety of clients, including corporations . They sent people to my home to give us a letter to validate we live here. 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. After a year of fruitless negotiations between major U.S. banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure . This company is a disgrace tio have a legal right to do business in the USA. 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. How is this company still in business? Who do I comtact about hidden fees which seem to be made up and 35.00 per month only going towards my mortgage wth, Hello I am in the same boat same story..