Complaint Review: Select Portfolio Servicing, Inc - Salt Lake City Utah
- Select Portfolio Servicing, Inc P.O. Box 65250 Salt Lake City, Utah United States
- Category: Mortgage loan foreclosure
Select Portfolio Servicing, Inc They sent me a 1099-A tax form with a big amount listed which is false Salt Lake City Utah
*Consumer Comment: It Sounds Correct to Me...
We lost our home to foreclosure apparently in October 2017 but the shyster lawyer we had nor the mortgage company told us this. Last week I received a 1099-A tax form listing the balance of the principle outstanding and it's false! Way more than it should be! Select NEVER sent us any paperwork showing what was owed and what the property sold for.
Looking it up the Fair Market value is at $414,,506 not the $557,078.16 they listed on the 1099 plus if the home sold for $274,100 that left a true balance of $140,406 not $399,930.38. I am writing IRS to alert them to these false taxes. Seems I am not the only one who has a bad experience with this group. Question is: Why are they still in business and why haven't they been charged with illegal acts?
This report was posted on Ripoff Report on 02/12/2019 01:17 PM and is a permanent record located here: https://www.ripoffreport.com/reports/select-portfolio-servicing-inc/salt-lake-city-utah-84165-0250/select-portfolio-servicing-inc-they-sent-me-a-1099-a-tax-form-with-a-big-amount-listed-w-1473373. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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