Conventional adjustable mortgage (ARM) Settlement process and costs
Specialized Loan Servicing LLC Mortgage department,
Conventional adjustable mortgage (ARM) Settlement process and costs New Jersey
This is a follow up to CFPB Case number : -. I have recently the house in that case at - - -, -, - -. I overpaid the lien holders, - -/SLS, by approximately $300000.00 and they ignored my written inquiries during the closing process to settle the matter. I only received $25000.00 at the time of closing and am expected to pay estimated taxes of between $160000.00 to $200000.00 to the State of - next year after consulting my accountant. The original loan amount was $520000.00, and they walked off with -. I expect to declare chapter - as a result of their usury, predatory lending and blatant fraud. I should have walked away from the property and let it be sold at sheriff sale, then I would not be facing bankruptcy and excessive taxes for monies - and SLS took from me. If it were to be sold at sheriff sale, they would have received less than the $ -, instead, they walked off with, after taxes and insurances, more than $ - of predatory interest and excessive fees.
Specialized Loan Servicing LLC customer in New Jersey
Dec 15, 2015
* Source: CFPB Complaint Database
Specialized Loan Servicing LLC response to complaint:
Closed with explanation
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