Select Portfolio Servicing, Inc. sps This company over charge on escrow for the past 2 years, even after 5 letters, numeros calls they don't care Salt Lake City UT
This company is the worst, they over charge me for about 2 years now in escrow, about $500 per month that's $6000 per year! without any real justification, I did contact them many many times via phone, certified letter, give them the full brake down but they don't care, I am 100% right, 2 different accountant also did check the numbers and I am right, they over charge me. They answer is you pay or we will forclose you. I never missed a payment and never will, I have no choice than to file this report now!
After many calls, they refuse to transfert me to a manager as well. Thay are really the worst in the industry. They scam you, take your money and tell you that you have 0 right!
Before you do a mortgage, make sure that company will not be the one that will take care of it after, otherwise you might end up paying much more than you should.
Can't believe those scammer are still out there!
2 Updates & Rebuttals
Bruce
Hollywood,Not correct
#3Author of original report
Wed, June 28, 2023
Our calculation did include the raise of property taxes and insurance (there is no raise in interest rate) they still over charge over $500 per month (the raise should be $265 not $765) you clearly don’t know my case! That company was sued in the past for the same problem and the home owner won!
Irv
United StatesNothing Unusual
#3Consumer Comment
Tue, June 27, 2023
Escrow requirements increase when the tax assessment increases typically due to either a rate increase or the value of the property increases. This happens all the time.