Select Portfolio Servicing, Inc Mortgage Complaint

Conventional adjustable mortgage (ARM) Application, originator, mortgage broker

Select Portfolio Servicing, Inc Mortgage department,

Conventional adjustable mortgage (ARM) Application, originator, mortgage broker Georgia

-/-/- -, GA - Director - Consumer Financial Protection Bureau -, IA - Headquarters address Consumer Financial Protection Bureau - Dear - ; Please allow me to introduce myself. My name is - -. I purchased a home at - - - in - -. I was returning back to the US after servicing my country not in the military but as being - of the - based in -. I invested my life savings of $200000.00 on the home. Today I am exploring foreclosure options with Select Portfolio Servicing due to a - in -. I am - today. I believe that I was defrauded by - at the time of my mortgage origination.


My mortgage principal and interest is less than my monthly property taxes and insurance. After a modification my monthly mortgage payments are higher than my original payments. This was a negative Home Affordable Mortgage Program experience. My Principal Balance today, -, after 16 years is higher than it was in -. Reccomendation Please conduct and audit and analysis of my mortgage modification and complete history with -, - and SPS. Please assist me in receiving a debt " cram down '' valuation base of my history for the mortgages. For example, my total payment from - to - approximates my original principal debt or $990000.00 in payments vs. - in original debt. Thank You. Sincerely, - - SPS ACCOUNT - - - - AMOUNT PRINCIPAL $760000.00 DEFERRED $140000.00 PRINCIPAL $900000.00 MONTHLY PMT PRINCIPAL $1100.00 INTEREST RATE $1200.00 $2400.00 ESCROW $2500.00 TA-ES INSURANCE

Select Portfolio Servicing, Inc customer in Georgia
Jul 25, 2016

* Source: CFPB Complaint Database

Select Portfolio Servicing, Inc response to complaint:
Closed with explanation

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