Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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timshouse49
Does anyone know who these people are, I just started getting letters from them on my loan and have no idea if the old servicer was fired or this one was hired, so i'm not answering anything but like a idiot I signed for a letter and thought it was something else so now they're trying to get me to acknowledge them anyone?
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texas
What people, who does not defined. You caution and make no admission.
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timshouse49
Talking about the forum title sps, thank u.
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David P.
SPS is Select Portfolio Services, the firm formerly known as Fairbanks Capital.  This firm is the incarnation of pure evil.

Even so, servicers are not typically "fired".  Mortgage servicing rights are contractual rights to service a pool of mortgages for which the servicer receives compensation, usually about 0.5% (HALF of 1%) of the declining balance of the loan.  The rights thus have value, much as the right of an insurance "agent" to receive continuing compensation in respect of an insurer's premiums have value.

Servicing rights are therefore bought and sold amongst banks and other non-banking financial institutions.  Those servicers which are most corrupt and dishonest can usually wring the most money out of the servicing contract.  For this reason, as these rights are traded, they usually ultimately end up in the hands of the most corrupt, dishonest and disreputable financial institutions, backed by our corrupt President.

If you carefully read the language of your note and mortgage instrument, you will find that paragraph 15 of the mortgage, deed of trust, security deed or other mortgage security instrument contains language about "notices":
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"15. Notices.  All notices given by Borrower or Lender in connection with this Security Instrument must be in writing.  Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower’s notice address if sent by other means.  Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise.  The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender.  Borrower shall promptly notify Lender of Borrower’s change of address.  If Lender specifies a procedure for reporting Borrower’s change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender’s address stated herein unless Lender has designated another address by notice to Borrower.  Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender.  If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument."


The language basically says you have been notified when a notice is SENT, whether or not the notice is received.  Ducking acceptance of receipt of such notices is therefore legally problematic.

I am not saying that you should rush out and sign for things or that you cannot make an issue of notices, etc., but instead am merely warning that these are often not the most productive avenues in formulating a viable defense!

Best of luck!  You are neck deep in a tank of sharks!  SPS no doubt brought the servicing rights because they believe they have bigger and sharper teeth than the previous servicer.   

P.S. -- Former Forum senior Mike Dillon was our resident expert on SPS, but he no longer posts here.
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ft
http://www.cwrmbssettlement.com/sub.php

SPS also got a bunch of loans through the bofa/cfc settlement
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Veal
suggestion: just do a google search "Select Portfolio Services"!

they are the bottom bottom feeders! be extremely leery and careful in your communications with them!  admit zero and make sure everything is documented ie correspondence and email.

ps if you find any listed 'transcripts' etc read them to get a 'feel' for how they operate etc.
good luck!  Also, try to locate a court case in your locale and get the docket history and maybe order some of the docket filings - again to gain some insight as to how they operate.
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