Specialized Loan Servicing LLC Mortgage Complaint

Conventional fixed mortgage Application, originator, mortgage broker

Specialized Loan Servicing LLC Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker Illinois

I am very frustrated with SLS they dont want to offer me principle forgiveness, even though my loan is eligible. I had to pay for the for a new appraisal because SLS was stating my home is not worth $230000.00 after paying for the appraisal my house was worth $35000.00 only. However ; now they have increase the value purposely for their own benefit. This needs to stop I have tried to work directly with SLS. But unfortunately they keep making me re-apply. All I want is a fair review, I am tired of all the fraudulent claims SLS is using against me to prolong my loan, making me fall more behind. I am an elderly men and my family is helping me to contribute towards my household. SLS has all the proof of my current income which is $-. My monthly expenses are $2000.00 includes my monthly mortgage payment and utility bills. However SLS still stated I dont have enough for an affordable mortgage even though, I have a $300.00 surplus. Like I have mention my home is severely under water and is only worth $35000.00. But SLS keeps changing the value for there benefit. I am tired all I want is fair review and to keep my house. I can not help but to think that SLS engages in fraudulent and deceptive practices during a modification review.

Specialized Loan Servicing LLC customer in Illinois
Sep 22, 2016

* Source: CFPB Complaint Database

Specialized Loan Servicing LLC response to complaint:
Closed with explanation

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