My husband and I have had problems with Select Protfolio Servicing since they took over the mortgage on our house in 2000. We are currently in a forebarance for the second time since 2000. This time the forebarance came about due to SPS not accepting a full payment when we had gotten 2 months behind. I was out of work for 2 1/2 months last summer and we were trying to get caught up in December when they refused our payment. They sent the check back, 1 month after I had sent it in!!! We had already set up another payment, for the amount of 2 months, through Western Union when we received the check back. There was no correspondance that told us they had not accepted the payment either. When we received the check we called to find out what was going on. They told us that they had put us in foreclosure and that they had already sent paperwork out. I also asked about the 2 months worth of payments that we had sent in Western Union. I was told that they returned it and that I could just call Western Union and go pick up the money. Well, that was another adventure. It took 2 more weeks and several phone calls to get that money back!!!
We did receive paperwork about the foreclosure proceddings being started, Hoewver, it was dated after the phone call that they said the paperwork was already sent. We did enter into a forbarance to stop the foreclosure. We paid more than the noterized forms asked for which covered all of the past due payments. We also found in this process that the property taxes had not been paid for 3 years from our escrow that had been set up in the last forbarance in 2002. So SPS is stating that we owed a total of $14,780 to re-instate the loan. We paid over $7800 and the balance was to be put on a forbarance for an extra $500 per month. How does the balance less than $7000 equal out to 24 months at $500 per month?!!
We have paid to the forebarance in April, May, June and July. Then this weekend we receive a letter that they did receive our last payment and that the new balance on the forebarance of $7400 must be paid by 7/27 in order to keep forclosure from begining again. Our original balance wasn't even $7400!!! Where did this come from???!!! I have pulled all paperwork and I am calling them today to find out what is going on now.
I have seen lots of postings about a class action, Is there one started yet?
I would love to be a part if there is one started. We can not afford to hire an attorny with the extra $500 we are paying for the forebarance!!!
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