Select Portfolio Servicing, Inc Mortgage Complaint

Select Portfolio Servicing, Inc Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account Georgia

- -, -, - - - -, GA - Select Portfolio Services SPS has communicated and implied that it is not liability for For the unfavorable governance and excess property taxes escrowed for - - -. SPS has implied that - is the owner of the mortgage and that it is simply an agent of -. - - - CEO SPS, Director - - CFPB, - - Georgia Attorney General, - - - County Clerk, - SUMMARY : The sale of - - - has been impaired since - due to excess or uneconomic property taxes. RESPONSE : - -, - SPS increased - - - property tax escrow. This is consistent with the history of the property. Historically, SPS has failed to responded to market conditions and home owner communicate.


SPS is conflicted by benefiting from the earnings generated by investing escrow funds prior to payment The - - letter increases tax escrow by 20 % from approximately - in - to $30000.00 for -. This would be base on an excessive valuation estimated at >= $1,000,000. This increase occurred after SPS appraiser devaluated the property from >= $1,000,000 to $900000.00 for a short sale. This occurred after comparable homes in the market as close as next door sold for approximately $85000.00. - - - - - >= $1,000,000