I was looking for a loan modification to bring down my monthly rate.instead I made 3 balloon forbearance payments (per SPS, while they worked on it) and received an increased mortgage payment with no reductions or help at all. ...
These creeps raised my interest rate from 5% to 12%. This brought my house payments from $2,900.00 per month to over $10,000.00 per month. They dinged my credit (past 30 days) so I couldn't get another loan and then filed a foreclosure when it was EXACTLY 60 days past. And they did this with glee ...
Select Portfolio Servicing (AKA Fairbanks Credit/Credit Suisse) is actually run by crooks who prey on unfortunate home owners by forcing foreclosure on them. This is how it works: When they foreclose on you they buy back these houses at $1.00 from the government and they get to write off the entire ...
My daughter has a mortgage with SPS and they have made her a 3-choice offer. One choice is a short payoff using certified funds for "full and complete satisfaction of mortgage loan". She rec'd a 3 page document. 1st page is a letter explaining the 3 options. 2nd & 3rd page are the ...
SPS is worse than Fairbanks. And they have all these states hoodwinked into thinking that they are helping customers stay out of foreclosure with these 90 day "stays". I am now getting an attorney because they violated just about every term and condition of the settlement back in 2003. ...
Did you know the Tom Basijian is still a director with Select Portfolio even though he was supposed to be terminated as part of the agreement settled with the FTC??? And I quote from the settlement: "that Defendant (Basijian) be permanently restrained and enjoined in connection with the ...