Our client applied for a short sale through their loan servicer, Select Portfolio Servicing, Inc. (SPS). SPS informed our client, in writing, that the short sale was approved.
Select Portfolio then proceeded with maintaining a foreclosure sale date on our client. Faced with a foreclosure sale date, the client contacted our attorney and we filed a lawsuit to stop the foreclosure.
Outcome: With the efforts of our mortgage fraud attorney, our client was able to obtain a temporary restraining order prohibiting Select Portfolio Servicing, Inc. from foreclosing on their property pursuant to California Civil Code §2924.11, which prohibits a foreclosure sale from moving forward if the borrower/Plaintiff is approved for a foreclosure prevention alternative (i.e., loan modification, short sale, etc.). The case later settled, and our client kept their home and resumed mortgage payments. The client’s loan was modified with affordable monthly payments
At Consumer Action Law Group, our mortgage attorney has helped many clients win mortgage fraud cases against mortgage loan lenders such as Select Portfolio Servicing Inc. If you or someone you know thinks they are a victim of a similar situation, don’t hesitate to contact us, at (818) 254-8413. We do free consultations and will evaluate your situation to see if legal action should be taken.
