Select Portfolio Servicing, Inc Mortgage Complaint

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Georgia

Recommendation : Governance and Loss Mitigation Review. Confidential Settlement Response : - - -/-/- Letter Basically, I find - - offensive. We all understand that mortgage are securitized and the ownership of the mortgage can been transferred. I have decided to attach my resume in order that I am not insulted again. You will find it hard press to find someone more knowledgeable. I am requesting to communicate to some one more senior to - - in order to resolve this matter. - - implies that SPS is s " blind agent '' and simply collects for the mortgage payments for owners. It sounds like statements at the - -. First I would like for - - to provide support that she is in contact with the mortgage owner.


A professional would have questioned why the - - - property was being taxed on for - in -/-/- when it was purchased for >= $1,000,000 in -/-/-. Mortgage foreclosures in -/-/- were down - % from the Great Recession of -/-/-. Home prices have not corrected to the peak of -/-/-. However, SPS has increased escrow taxes each year. I am being foreclosed on due to excess taxes. -/-/- I received a letter from SPS in the middle of this exchange on property taxes. The letter increases the tax escrow for -/-/- from approximately $25000.00 and year to $30000.00 for -/-/-. Why? This increase was executed despite the current grievance and history of questions about the excess escrow. SPS is requested to provide the State of Georgia Attorney General and CFPB The rationale for increasing the tax escrow when SPS appraisal consultants have reduced the property valuation. There is a strong implication that this problem may warrant Class Action Litigation.