Specialized Loan Servicing LLC Mortgage Complaint

Specialized Loan Servicing LLC Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure California

SLS is attempting to do fraud on this loan by illegally inflating the value of the property because they did n't like the value they just got back from their own paid for interior bpo. On -/-/- was advised that the lender 's interior value came in around - which was around the amount of my current offer. At that time we countered buyer to highest and best and received an offer meeting the lender 's counter. On -/-/- lender confirmed receipt of docs and stated file was under review. On -/-/- was advised that the file was closed due to requested docs however the file should of not been closed as they gave no time for us to submit the - pieces of paper they were looking for. On -/-/- was advised there was a sale date which is a violation of CA anti dual tracking laws as this file was in a foreclosure alternative program and we were then advised that SLS decided to revise up their value to -. This is completely unethical, illegal, illogical and unacceptable. SLS decided on their own to take an old report and try and selectively pull old data to inflate the property value as is today. The market is contracting, not expanding so any data from a month ago, 2 months ago or 3 months ago is not reflective as to what is happening today. SLS hired a licensed professional to assess the property as of this month and that value came in at - that is the value. SLS needs to CEASE and DESIST from illegally trying to inflate property values which is exactly what happened in - which led to the housing bust.