Specialized Loan Servicing LLC Mortgage Complaint

Conventional fixed mortgage Loan modification,collection,foreclosure

Specialized Loan Servicing LLC Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Vermont

I had a conventional home mortgage through - financial which was opened in - of -. When - - went out of business my mortgage was sold off several times until it landed with Specialized Loan Servicing, based out of - -, CO. This buyout occurred approximately -, -. At that time, my mortgage balance was at $72000.00 and my monthly payments were at $560.00. While attempting to work with SLS, I had submitted for a - hardship re certification of my mortgage. The solution from SLS was to then increase my mortgage payment buy almost $300.00 taking monthly payment up to $850.00. I decided to vacate the property in - of - and notified SLS accordingly. I have attempted to do a short sale on at least - seperate occasions as well as a deed in lieu twice. I have hired - separate realtors over the past four years and each realtor ultimately resigned, stating that SLS refuses to cooperate in any way with the sale of this property. Four years later, I still have this property attached to my name which is destroying my creditworthiness. SLS is reporting several inaccuracies to all three major bureaus including : incorrect balance, incorrect monthly payment, and incorrect origination date. They refuse to short sale, deed in lieu, and even foreclose. I have disputed the inaccurate information being reported by SLS, to all - credit bureaus, but to no avail. The home has been appraised, both by a private company and by SLS. - appraisal came in around $35000.00 for the property as it stands due to economic collapse in that area. Given the assessed value of the property, SLS continues to increase the amount owed every month to a now staggering $66000.00 in late fees alone.

Specialized Loan Servicing LLC customer in Vermont
May 11, 2016

* Source: CFPB Complaint Database

Specialized Loan Servicing LLC response to complaint:
Closed with explanation

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