Kim
Grand Rapids,#2Consumer Comment
Sat, February 04, 2006
Jan I know what your going through as well. My mother filed for chapter 13 bankruptcy in 2000 and they tried to do a lift of stay in 2001 and again in 2004. In April of 2004 was the last one and she was out of bankruptcy in Dec of 2004. They of couse denied it because she was covered by the bankruptcy law but they are still trying to charge her lawyer fees in the amount of roughly $3000.00 and they are saying the payment is late every month so changing a late fee monthly. We are in the process of refinancing the loan just to get out of there so they can't charge her any more or take the house. I am looking to find out if we pay off house if we lose the right to sue them on the charges they are charging us plus just for the pain and stress they are putting my mother through. I read something on the internet today and this is what it says...Select Portfolio Servicing (SPS), formerly Fairbanks Capital, is one of the largest servicers of subprime residential mortgage loans in the US (it currently services about 270,000). The company, which was accused of improper collection practices and investigated by the Federal Trade Commission (FTC) and the Department of Housing and Urban Development (HUD), reached a settlement in November 2003 in which it agreed to pay $40 million to establish a redress fund for consumers. Shortly after settling, it closed its office in Austin, Texas. Mortgage issuer PMI Group sold Select Portfolio Servicing and its parent SPS Holding Corp. to Credit Suisse First Boston in October 2005. By the sounds of this it appears that SPS may have been sold yet again or is getting ready to change their name to another because they are having all sorts of problems yet again and need to hid again to keep screwing people. If you find someone willing to take this on please feel free to contact me or have them contact me! Best of luck to you with your dealings with them!