Complaint Review: Select Portfolio Servicing, Inc -
Select Portfolio Servicing, Inc Illegal Foreclosure Salt Lake City
*Consumer Suggestion: Perhaps We Can Help
I closed on my home in April 2007 and three months later Green tree servicing sold my loan to Select Portfolio Servicing LLC. I successfully paid mort gage on time for the first two years even after being forced to make a career change due to the implode of the mortgage industry in 2007. I went from earning on average 10k per month to just under $4k each month. Not to mention not more than 3 months after I closed on my first home, the value dropped more than 200k. So, my mortgage was severly underwater, and I was considered 'underemployed'. After 2 years of making payments, I became ill and was out of work for almost 90 days, short term disability didn't cover all of the bills completely. I wasn unable to make my tax payment, so SPS increased my payments by $286 to cover the payment they made on my behalf. I went to request a loan modification since i had no equity to refinance. After almost two months of the run around with paperwork issues they granted a loan modification that would have perfectly suited my needs. Two months after making the lower payments, they sent another loan modification (an adjustment) with completely different loan terms thst increased the payment almost 300%. By that time, they had paid my overdue taxes and put my payments to the rear and said if I didn't take the new loan terms, I would have to pay them 13k+ in order to keep my home. So I signed and took on additional work to keep up with the payments. For 6 months I scrimped and cut corners to make the payments. I fell behind one month and when I tried to make half a payment, they said they couldn't take it. The following month I had 1 and 1/2 months payment and they wouldn't take a payment stating 'we will only take full payments for each month you are in arrears'. While I was coming up with the capital to pay, they sold my house in a foreclosure auction and never notified me at all!!! I came home one day to a piece of paper (not even a legal notice) from the "new owner" stating they bought my house the week before in a foreclosure auction. The new owners threatened to change the locks if I didn't move immediately. Within two weeks, I was homeless. Those bastards took my home without as much as a phone call. To this date, I still have never received any documentation or proof that my home was sold in an auction or that the foreclosure even happened. But when I called SPS they confirmed thst they hired a FC attorney and that my home was sold in an auction. I demanded to see some papperowrk or proof that they contacted me to make restitution of the payments that I had been trying to pay them (that they wouldn't take) and the SPS' representative said " was within their rights as creditor to seize their property without any legal notice". I went to meet with a lawyer and her response was " Virginia is the wild wild west of real estate." They must pay!!
This report was posted on Ripoff Report on 10/08/2015 01:31 PM and is a permanent record located here: https://www.ripoffreport.com/reports/select-portfolio-servicing-inc/select-portfolio-servicing-inc-illegal-foreclosure-salt-lake-city-1260042. 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
If you would like to see more Rip-off Reports on this company/individual, search here:
Advertisers above have met our
strict standards for business conduct.