- Report: #295268
Report - Rebuttal - Arbitrate
Complaint Review: Select Portfolio Servicing, Inc.
Select Portfolio Servicing, Inc.P.O. Box 65250 Salt Lake City, Utah U.S.A.
Select Portfolio Servicing, Inc. Select Portfolio Servicing - Fraudulent, Inhuman, Uncomprehendable Mortgage RIP OFF!!! Salt Lake City Utah
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Mortgage payment skyrocketed nearly twice original agreed upon amount due to fees, charges, and escrow account. Naturally, this made mortgage impossible to pay. Several attempts to establish a realistic "work out/repayment" plan with SPS including over $20,000 in forebearance plan down payments. Still in debt and behind on payments facing foreclosure.
We've tried several times to refinance the mortgage to obtain another lender and each attempt has been unsuccessful. The home has over $100,000 equity. Bankruptcy is the only option.
All resources have been exhausted. We have tried to work out a reasonable plan with these people and can't seem to come to anything remotely feasible. SPS is an impossible company to conduct business with.
This report was posted on Ripoff Report on 12/28/2007 03:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Select-Portfolio-Servicing-Inc/Salt-Lake-City-Utah-84165/Select-Portfolio-Servicing-Inc-Select-Portfolio-Servicing-Fraudulent-Inhuman-Uncompr-295268. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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