Select Portfolio ServicingMis-information & dirty tricks

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a verified customer
Verified customer

Hello again. I posted a comment about this company back on april 1, 2011 and today I just received some outstanding news about this stellar company. Last fall, they "approved me for their"inhouse"refi program. At that time, I wanted to know if the new lower price was still going to cover my escrow account (for my taxes and home owners insurance). I was told that,"yes, mr. R, these items will be paid like they have been in the past". Today, I received a letter in the mail and an email. The letter was from select portfolio stating that since I haven't funded my escrow account since last fall, they are closing it and I am responsible to pay all taxes and insurance.. That's just great, as if I had any say in how they distribute the money I send in every month. The email was from my insurance agent stating that sps hasn't sent them any payment and my policy will terminate in ten days unless they receive a payment from them or me. I tell you, this sps is nothing but a bad nightmare. How I wish I had some say in who buys my mortgage. Beware of them. For your own peace of mind, avoid them at all costs! Thanks for letting me vent. Jmr


  • Fu
    F.U. SPS Jun 12, 2011

    Get an attorney immediately! They are liars and do this to steal your home! The FTC tried them once before when they were named Fairbanks Capitol. The FTC did nothing more than fine them and slap them on their wrists. They went back to biz as usual and don't count on the BBB, FTC, AG or your politicians who may be getting campaign contributions from the banks to fight for you either. We are in a new governement..THE UNITED STATES OF THE the banks and for the banks! Class action? Well, the Fairbanks class action case didn't stop them and the lawyers made out like bandits! Only recourse is for each person harmed to get an attorney and fight it in the courts. Educate yourselves tot he fraud on sites like MSFRAUD.ORG, MIke Dillons anti-SPS site Getdshirtz, Attorney Neil Garfield's Living Lies web blog and his youtube videos and Facebook site homeowners against mortgage servicng fraud to chat. Garfield and Atty Max Gardner (NC) have atty lists! Go to Gardner's bankruptcy Bootcamp site (site to train atty's) and look up GRADS. Much work to learn this crap that Wallstreet put us in and the servicers use to help them pull it off! Fight like hell and don't get out of your homes! Driveby inspections & BPO's? Illegal fees to add to freclosure. If you get behind on a payment...DO NOT pay by phone! Pay by either Western Union or Bank check! Then, itemize on the check what every dollar is to go to or they will put the cash where they want it to go to... their escrow, corporate advances, etc all loaded with their bogus fees! Send them a cease communications letter via certified mail return receipt requested! If they violate sue them in smll claims under violations of Fair Debt Collection Practices Act! $1000 fine for phone abuses after getting do not call letter. God be with you all! This is a new war on the homeland and our politicians could careless! NEVER MIND FIGHTING A WAR ON TERROR OVERSEAS on BIN LADEN, LIBYA...HOW ABOUT THE WAR HERE CAUSED BY THE BANKS? HOMELAND SECURITY GO AFTER THE BANKS AND THEIR EXECUTIVE CRIMINALS!

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