- Report: #318269
Complaint Review: Select Portfolio Services - Salt Lake City Utah
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Select Portfolio Services
Salt Lake City, Utah, U.S.A.
Phone:
617-256-5502
Web:
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Select Portfolio Services Anticipated Escrow... on top of $10,000 prepay penalty Salt Lake City Utah
If there is a lawsuit against Select Portfolio Services, please contact me.
I had never once been late on a payment, had great credit, and was ready to refinance out of there loan. They wanted to charge me a $10,000 pre-payment penalty so I couldn't do it.
But that is not the worst part. Three months before my time was up that I could refinace with no penalties they began charging me $400 dollars more each month for what they called "anticipated escrow". They already raised my payments by over $200 a month when they took over my loan. Now I was up to more than $600 than what I signed up for. My assessment on my house never changed, my taxes never changed. There was no reason for this. So when I refused to pay it, I told them I would pay my own taxes and would only pay Principal and Interest (I was refinancing in 3mths) they told me fine. A month later they charged me late fees. I had my credit checked and it dropped over a 100 pts because they reported it. I could not refinance. They began charging me more money because the adjustable rate kicked in. They took the house in 3 months. Someone needs to sue them!
Renee
Everett, Massachusetts
U.S.A.
I had never once been late on a payment, had great credit, and was ready to refinance out of there loan. They wanted to charge me a $10,000 pre-payment penalty so I couldn't do it.
But that is not the worst part. Three months before my time was up that I could refinace with no penalties they began charging me $400 dollars more each month for what they called "anticipated escrow". They already raised my payments by over $200 a month when they took over my loan. Now I was up to more than $600 than what I signed up for. My assessment on my house never changed, my taxes never changed. There was no reason for this. So when I refused to pay it, I told them I would pay my own taxes and would only pay Principal and Interest (I was refinancing in 3mths) they told me fine. A month later they charged me late fees. I had my credit checked and it dropped over a 100 pts because they reported it. I could not refinance. They began charging me more money because the adjustable rate kicked in. They took the house in 3 months. Someone needs to sue them!
Renee
Everett, Massachusetts
U.S.A.
3 Updates & Rebuttals
John
Califon,New Jersey,
U.S.A.
Read this
#2Consumer Comment
Sun, March 16, 2008
it may help you: http://www.hud.gov/offices/hsg/sfh/res/respa_hm.cfm
John
Califon,New Jersey,
U.S.A.
Read this
#3Consumer Comment
Sun, March 16, 2008
it may help you: http://www.hud.gov/offices/hsg/sfh/res/respa_hm.cfm
John
Califon,New Jersey,
U.S.A.
Read this
#4Consumer Comment
Sun, March 16, 2008
it may help you: http://www.hud.gov/offices/hsg/sfh/res/respa_hm.cfm
