Conventional fixed mortgage Loan modification,collection,foreclosure
Select Portfolio Servicing, Inc Mortgage department,
Conventional fixed mortgage Loan modification,collection,foreclosure Georgia
- -, - - - - -, - - Director - - Consumer Financial Protection Bureau - -, - - Headquarters address Consumer Financial Protection Bureau - - - - - Dear - - ; This is - - 's SECOND response to following SPS compliant responses : I suspect that I would not be in default of my mortgage today if - - - had execute a market principal reduction in engineering my - modification. I need a review of what maximum principal reduction that have been in -/-/-. I received no principal reduction in -/-/-. Why did n't I receive a principal reduction in -/-/- when the house was on the market and would not sale? Why have a had to pay a mortgage based on an above market value for 8 years? We should have sold the house short in -/-/- for $650000.00 or modified the house for -/-/-.
The original Mortgage would not have been underwritten if the fact that the taxes were higher than the P & I. This was also compounded by including -- mortgages. I have resolved the -- mortgages. - from - and - from -. I was living in - - at the time. The -/-/- modification by - - - did not offer a market principal reduction And once again did not disclose the uneconomic engineering of the mortgage. That is that the P & I was lower than taxes. Please review the attached proposal from SPS HAMP competition. Recommendations : I receive my original down payment of $200000.00 plus interest. I receive $200000.00 second mortgages payoffs. Plus interest. Sincerely, - -, -
Select Portfolio Servicing, Inc customer in Georgia
Aug 15, 2016
* Source: CFPB Complaint Database
Select Portfolio Servicing, Inc response to complaint:
Closed with explanation
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