- Report: #1104217
Report - Rebuttal - Arbitrate
Complaint Review: Select Portfolio Servicing Inc
Select Portfolio Servicing IncPO Box 65277 Salt Lake City, Utah USA
Select Portfolio Servicing Inc Increasing Payments that are not in the Contract1 Salt Lake City Utah
*General Comment: B of A or SPS
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I had a 1st Mortgage with Bank Of America of $225k and a 2nd with another company of $67k. I was diagnosed with Multiple Sclerosis and could not work full time. As a result, my wife of 16 yrs divorced me and this all forced me into a Chapter 7. It was discharged Sept 2010. I included the house in the charter 7. Bank of America called me 12 months after my 7 was dimised and ask me if I would be interested in the "Obama"Home Modification Program. I had nothing to lose so I went for it. Keep in mind that I didnt make any House payments for almost 2 yr's and the didnt even start the Forclosure process! I gave them the info they ask for and they approved me for payment of $1168 per month that included taxes & Insurance. I paid B of a on time every month for 18 months ($1,168) and then they sold my loan to SPS. I paid the same payment with them for 3 month until I received a letter stating that I was behind on tax reserves and my payment was going to increase by $85 for 3 years! I understand that taxes go up but not by $3,060 more per year! When I called they said that when my Loan was transfered, my escrow account was short $3,060! but won't show me the paperwork explaining why. I have a ledger from B of A that show's my taxes were current but they don't care. They also stated that I called them back in Feb and ask them to spread the $3k out over 3 yr's (I never called) if I would have, I would have tried to get to the bottom of it then! Now I have to file complaints with all of these worthless Government Agency's so they can pretend that our Tax $'s are hard @ work! The Consumer Finacial Protection Bureau is a Joke! They don't find offenses and fine the Company that's stealing your money, they just pass your complaint to the company and post their answer! Huge waste of our tax $'s I'm going to file a complaint on SPS and BofA with evry Government Agency I can find and if I get no resolution, I'm going to let livestock live in this House for a years or so and then I'm going to stop making payments and let them Forclose. I already did a Chapter 7 and I'm on full Disability so they can't Garnish for any reason. I owe $240k and it's worth $200k now. I'm guesing after being a Barn for a year, it should need $50-$70 worth of work to get it back to a $200k value. This is for everyone that's getting Ripped of by these A-Hole's!
This report was posted on Ripoff Report on 12/04/2013 07:47 AM and is a permanent record located here: http://www.ripoffreport.com/r/Select-Portfolio-Servicing-Inc/Salt-Lake-City-Utah-84165-0277/Select-Portfolio-Servicing-Inc-Increasing-Payments-that-are-not-in-the-Contract1-Salt-Lak-1104217. 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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