Report: #1290313

Complaint Review: Select Portfolio Servicing Inc. - St Lake City Utah

  • Submitted:
  • Updated:
  • Reported By: John — Seattle Washington USA
  • Select Portfolio Servicing Inc. P.O. Box 65250 St Lake City, Utah USA

Select Portfolio Servicing Inc. SPServicing Select Portfolio Servicing Inc. Practices deceptive, illegal, and fraudulent activity during modification of loans process! St Lake City Utah

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 I entered a modification agreement to modify my loan with SPServicing via a HUD service named: Parkview Services located in the North Seattle area. My loan was successfully modified and agreed upon by all parties. However not long after I iniated making payments SPServicing begin to not honor the agreement without any prior notification. SPServicing, never credited any portion of the payments I made towards my loan, they held on to the funds, tried to renegotiate another modification although there was one already in place, shut down my account, and after I re-engaged the HUD agency SPS was forced to reopen my account. However, SPS initiated sending back 4 months of payments while saying I never made the payments. After I produced receipts reflecting I had indeed made all of the payments they admitted to error. However, they still sent back all of the payments and demanded that I send the payments again while they were now asserting all of the payments were late. Meanwhile, SPS initiated the foreclosure process on my property.

This report was posted on Ripoff Report on 02/27/2016 04:30 AM and is a permanent record located here: https://www.ripoffreport.com/reports/select-portfolio-servicing-inc/st-lake-city-utah-84165-0250/select-portfolio-servicing-inc-spservicing-select-portfolio-servicing-inc-practices-dec-1290313. 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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