Notable Cases & Case Updates
Select Portfolio Servicing Inc (SPS) Litigation in New York City
A class action has been brought in the Eastern District of New York against defendant Select Portfolio Servicing, Inc., (“SPS”), a servicing agent for residential mortgage loans, unlawful and deceptive acts, practices and misconduct in connection with the ownership and servicing of residential mortgage loans, including, but not limited to the following:
- making representations that late fees will be charged, and charging late fees, after the loan has been accelerated which is prohibited by the standard form mortgage agreement and the laws of the State of New York and other states, including, but not limited to, New Jersey, Pennsylvania, Massachusetts, Vermont and California;
- charging excessive and unreasonable inspection fees despite occupancy, which is in violation of the standard form mortgage agreement and Fannie Mae industry guidelines and regulations;
- violating RESPA, 12 U.S.C. § 2605(e) by failing to timely and adequately respond to homeowner’s Qualified Written Requests concerning improper late fees and failing to take corrective action.
To obtain more information about the SPS lawsuit, please use the form below:
How Can We Help?
At Giskan Solotaroff & Anderson, we’re able to take casesto trial if other options prove fruitless. Clients interested in ourservices can set up a meeting with our attorneys in New York, NY.Contact our office today and learn how our lawyers can assist you.