We ask that you respond so that we can understand why it would seem that you have tried to keep us from fixing the situation - as your company states "this is to collect a debt" and we have the money to pay it! During the review period, loans in foreclosure and REO. One of the mortgage companies attempted to foreclose in 2009, but it was delayed because they didn't have the original mortgage paperwork. So type SIG/TARP look the up, contact them as soon as possible flood their office with emails and calls, and if you still have a copy of SELENES RIDICULOUS MODIFICATION make sure you get it to them. Selene sent me a Loan Modification packet to be fill out. This web site is designed for general information only. [fa icon="clock-o"] Sunday, November 3, 2013 Selene Finance is a residential mortgage servicing company operating in all 50 states. They said I did not get approved, by Selene, to tack the funds on the end, even though this was my agreement with Bank of America. Type Private Status Active We were given two other dates after we did not receive the payoff on June 23 and that was again on July 5 and yet again on July 12. My mother told me about seeing the large print very embarrassing auction announcement in the newspaper days later. Selene Finance LP, (The consumer indicated he/she DID NOT accept the response from the business.) In February, Rosen co-authored a report with mortgage-backed securities guru Lewis Ranieri, which advocated the need for a private sector solution to the foreclosure crisis. But yet took double payments so they said when they were supposed to write off 95,000 off my loan and gave me a new loan at a lower rate and payment just so I would not just walk away like everyone else had done. Here we are on October 20th, and they still not have cashed the check, although we have proof that it was received by them. After numerous attempts to fix the issue with them, they told me that unless I started an automatic payment with . Selene Finance Foreclosure Information I completed it and sent it back with all of my information they requested to start the process. http://www.consumerfinance.gov/complaint/, https://www.consumer.ftc.gov/articles/0190-making-payments-your-mortgage-servicer, Selene Finance Services Loans For Investment Firms, Loan Sold to Selene Finance and They Have STOLEN Escrow FUNDS, Please help!! The first offer was a higher monthly payment. von | Jun 17, 2022 | ruby tuesday university blvd closed | | Jun 17, 2022 | ruby tuesday university blvd closed | In Aug. 2013 I received a letter stating my mortgage was now owned by a Trust and Selene Finance was the loan servicer. We gave you confirmation that we had the money. How did it go? Spanky45067, Viewing 3 posts - 1 through 3 (of 3 total), Selene Finance Services Loans For Investment Firms, Loan Sold to Selene Finance and They Have STOLEN Escrow FUNDS, Please help!! This is the best way to get you great loan modification results. Invest in real estate and never run out of money! Which literally has went up $3000 in one week just from alleged fees. Prior to COVID, I have always paid my mortgage without interruption. Mark called Selene immediately. But yet they are asking for another 5,400. A federal judge has dismissed a lawsuit accusing Houston-based mortgage servicer Selene Finance of breaching an agreement to modify a New York state woman's mortgage loan and help her stay in her . It's been a lot of little things. This seems criminal to me. We reviewed Selene Finance, LP's servicing of its Federal Housing Administration-insured loans and its implementation of the U.S. Department of Housing and Urban Development's (HUD) Loss Mitigation program. I ustilize all tge options, doors, contacts, and courts ti make sure they are in fact in compliance. I never know for sure when I will be home but when it was usually five times a week. Now you may print, download, or share the form. $47,827.46 will be deferred from his principal balanceof $137,826.46 -- the balance is now $90,000. mortgage payments. I was told by Jason at Selene my account rep that they would modify after 2 years of trying. Address the Support section or contact our Support group in the event you have got any questions. David Greene shares the exact systems he used to scale his What is wrong with this picture. I received a call from SIG/TARP they are the government office investigating financial institutions and services for violations against the HAMP and HAMP programs, they are currently investigating Selene Finance. I help homeowners keep their homes and be treated and serviced correctly by their lender no matter what. Houston. I also sent them the bankruptcy discharge paperwork to show I am no longer in bankruptcy because I have called them numerous times and they would not speak with me. Edit selene finance third party authorization form. Sign up or log in to see more records. I live in the residence with my four children. Corinne Thomas. No one can explain where the extra money is coming from. $40,000 a year. I filed my Chapter 13 bankruptcy on 08/02/2019 and it was discharged on 07/29/22. After the forebarance period I was told I could either pay the total Forebearance amount back to Selene in full, apply for a Loan Modification, Short Sale or Foreclosure. Client Alert: Wheeling v. Selene Finance, LP. People on the phone are always different though it says I have a case manager and have no info. I then told them that my mother wanted to buy the property from them at which time they informed me that she was not allowed to do so. See details. Selene closed its office in Horsham, Pa. in 2020. Now here it is 2022, were $35,000 in the arrears. Someone was also calling our real estate company trying to get information from our agent regarding the property. Call us at (877) 735-3637 Email us at LoanResolution@SeleneFinance.com Fax us at (866) 926-5498 Send written notification to us at: Selene Finance LP 9990 Richmond Avenue, Suite 400 South Houston, TX 77042-8500 Telephone assistance is available in many languages. Selene Finance with a incredibly poor track record and numerous customer service complaints essentially acts as the hatchet man for large banks with deep pockets. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. Note: The mortgage is actually with Wilmington Savings Fund Society and Selene Finance is the services. Search 70 Dierdorf custom fireplace contractors & installers to find the best fireplace contractor for your project. Initially, when I called, Selene had no knowledge of me or my property, even when I provided them with the account number on the mail they were sending me, they told me it takes awhile for them to process new customers. All rights reserved. You can also find a foreclosure avoidance counselor in your area. 3 Selene Finance reviews. Home Forums Submit Your Selene Finance Horror Story Selene Finance Foreclosure. Selene Finance LP has unscrupulous and deceptive practices. SELNE is a D rated company according to BBB, that took over our mortgage and we have been having problem ever since. Is Selene Finance a good company to work for? The homeowner paid all six payments in a timely manner, but didn't receive his permanent loan modification yet. They also told me that Selene has to call them directly to figure this out. I can afford my own mortgage. So it does not recognize me. Comment by Shayna M. Bechtel on May 22, 2013 at 1:17pm. Privacy Policy | Site Map | Glossary | Contact Us. I haven't had much experience in reality but I know that no one should be treated be such open disregard. First they say they got the proofs then they say they didn't. 108 complaints closed in the last 12 months. It opened for business in 2007, has 108 employees on staff, and is managed by its President, Karen Bellezza. All else is accurate and account for my income and debt - my only debt is the house and my monthly car payment of $374. Soon, you will be receiving the newest, freshest Foreclosure listings. It took me a day and a half to finally figure out that not only did I not know that a different company had acquired my property but it had gone through foreclosure without me even knowing that it was happening. At worst, Selene is a fraudulant and criminal company. Where are the supervisors? BBB Business Profiles are subject to change at any time. Why did you send reinstatement instead of payoff? President and Chief Executive Officer @ Selene Finance Senior Managing Director @ Pretium Partners, LLC President, Servicer Solutions @ Altisource see more Senior Vice President, Real Estate Services @ Altisource Vice President, Business Operations - Auto Finance @ Capital One Vice President, Chief Operations Officer, Installment Lending and Sb Credit Card @ Capital One Refusing to honor or review your loan modification. The reason that I can help is I originally started doing this as a way to do foreclosure prevention for the homes in my area because our foreclosure rate had doubled by 50% let alone in 6 months. So I then filed Bankruptcy to stop foreclosure once again. My issue was not acknowledged or resolved. Correspondence - Overnight Mail. You are allowed to negotiate with the bank and the Selenium Foreclosure Home Foreclosure team about your options and whether or not it is better to leave the home alone or save it. Selene Finance (www.selenefinance.com) was founded in 2007 and is a trusted name in the specialty servicing business. The minimum amount due must be paid within forty days. He had to continue making trial plan payments while we fought for the permanent loan modification he deserved. Meanwhile, I hired an attorney because I honestly felt that the foreclosure process was not carried out in a legal manner or I would have been aware that this was all happening. I just received a letter from Selene Finance saying intent to accelerate. I asked why they couldnt work with me then and let me stay and I would pay any fees or fines associated. A foreclosure when the bank failed to perform under the law. Rather than focusing on the number of complaints, BBB considers how frequently and effectively those complaints are resolved. I was to begin paying my own mortgage starting the month of september 2022. This website has been many years in the making. Since then Selene has broken the law and lied to me. The hiring of a lawyer is an important decision that should not be based solely upon advertisements. real estate business from buying two houses per year to Report this post. Thats how screwed up they were. When I spoke to them they were certain it was late even though we told them it shows on our bank statement that it was received and process on time. I contacted N.A.C.A & explained my issues with Selene. I needed to take a forebearance in 2020 when my employers closed doors and shut down due to the COVID-19 pandemic. Yes another victim of Selene Finance. The Selene finance class action lawsuit is an opportunity to obtain compensation for those who have become victims of fraudulent settlement loans that were not offered at all. It was either accept the awful offer or lose my home after 13 years! 22 Selene Finance Foreclosure jobs available in Addison, TX on Indeed.com. The loss Draft dept is wonderful somewhat very helpful. I started looking for a 3rd job (already had a full-time and part-time job) but was exhausted after each application I filled out. and husband whom I had not gotten to leave yet, even though at the time of posting, I had been telling him for months, that we were over, and that I wanted him to leave. Selene Finance services residential mortgage loans. We were told that we get to pay off her house and be done with Selene. Oh, and by the way if you hire a paralegal make sure they are not an attorney that has been disbarred. For more information visit www.seleneadvantage.com. I have created this website to help and inform others of the true scams behind Selene Finance. IT Department. The complaint has been investigated and resolved to the customers satisfaction. Close. 134 reviews of Selene Finance LP "I'm in the process of buying a house that this company owns. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. for assistance with Selene Finance contact me at 310-564-6389 Brett@ishortsalenow.com ; www.ishortsalenow.com. When I tried to work with them to correct the issues I was put on hold, transferred, and hung up on with no resolution. First I would like to point out that my family and I not only live at this property but my business is conducted on the property also! Found out in March 2013 that it had not sold and I still owned it when Wells Fargo called and asked me to do a short sale. $201,462.23. BBB Business Profiles generally cover a three-year reporting period. We went back and forth a couple of times but I feel the price is still to high. Once the house goes up for auction, the public will have the chance to attend the auction and place a bid on the property. Under this plan, the homeowner pays $700.66 monthly starting in September 2013; a 22% reduction from his original terms. I sold and closed on the house around July 11, 2022. Haig has been out of the house for years, he has no cost of living (parent's properties), and his debts are his own since leaving the family. After over 5 miserable years with Selene Finance, a 2 year long forebearance, a ridiculous loan modification, and inevitable foreclosure and eviction I felt the need for this website. Selene Finance LP. We completed and faxed, e-mailed, and certified the same copies of the same paperwork constantly. Case Digest Summary. In the state of Nevada, you cannot use onerous actions or revolving liens to get out of a foreclosure. The default servicing industry is in a state of transition, according to Larry B. Litton Jr., CEO of . My house is going to auction next week. I called on August 20. They now are not honoring the modification that shellpoint had drawn up. If you are in default of your mortgage, it is still best to contact the bank and work out an amicable solution. This was the beginning of a nightmare. I called August 20. It's been a lot of little things. We suffered a hardship, then unemployment during COVID, and unbeknownst to us our house was auctioned. Sincerely, (Sales figure is modelled). There was . Selena Finance has a policy of holding all homeowners in custody until the courts have had time to rule. Selene Finance LP, MTGLQ Investors LP and Unknown Parties: Case Number: 4:2022cv00137: Filed: March 21, 2022: Court: US District Court for the District of Arizona: Presiding Judge: Bruce G Macdonald: Nature of Suit: Contract: Other: Cause of Action: 28 U.S.C. Headquartered in Houston, Texas, Selene Finance is a residential mortgage company that handles all aspects of mortgage loan servicing, including receiving monthly mortgage payments and pursuing foreclosure against homeowners who fall behind. In fact, how a business responds to customer complaints is one of the most significant components of the BBB Business Rating. Millions of people receive foreclosure alerts daily, don't miss out. Staci Reid is a REO Asset Manager at Selene Finance LP based in Houston, Texas. So instead of paying late charges, I am shelling out $99 a month of fees I cannot afford. In this book, author and investor When Selene Finance makes a mistake in your mortgage loan, you need to know how to handle it the RIGHT way or you'll risk foreclosure and losing your home. Don't forget to check your email often for new foreclosure alert emails. I called to follow up on my loan application and this was the start of a never ending battle between myself and Selene Finance. We later found out that this was the action of your real estate agent working for Selene. The state has no other choice but to let the foreclosure go through. The company provides those looking for homes loans. Get NEW Foreclosure Listings sent to your inbox. Others said that they didn't know it and others said that we were not allowed to talk to the LRD. It was nice when the break-ins stopped and the person messing with the door locks was no longer active. Myself and my loan officer have spoken with literally 25 people at Selene requesting this documentation be filled out. And on a sad note I lost my home to foreclosure in December 2018 that I had owned for 25 years and while I was looking for information I ran across cold hard proof that both Countrywide an Bank Of America committed mortgage and title fraud, by directing my settlements funds back to them. Incorporation Date. This will surely increase the credibility of your complaint. Executive Escalations for Mortgage & Vehicle Servicing, Bank of America from the Office of ***** ********* President, Retail Banking at Bank of America. Learn More Custom tailored title and insurance solutions with . Since March 2022, I have attempted to make payments to Selene on my mortgage, and have been refused. I completed my 3 month trial payments w/Selene plus 6 more on time payments over the phone. Under this plan, the homeowner pays $700.66 monthly starting in September 2013; a 22% reduction from his original terms. I am currently fighting a Selene foreclosure they are charging excessive fees making it impossible to get caught up , charging more in fees then the past due amount. Selene Servicing finally granted a permanent loan modification in September 2013. Selene Finance -. Apparently, our house had been sold? Our interest rate was over 11% in 1989. Submit a complaint and get your issue resolved. Being removed from the home. After receiving documentation that they were my new loan providers, I immediately contacted Selene to resume my payments through them (as they advised in the notice).