Consumer complaint received 2018-03-19
Company: SELECT PORTFOLIO SERVICING, INC.
State: GA
Product: Debt collection
Sub-product: Mortgage debt
Issue: Written notification about debt
Sub-issue: Didn't receive enough information to verify debt

Complaint:
XX/XX/XXXX Consumer Financial Protection Bureau XXXX XXXX XXXX XXXX   XXXX, IA XXXX Office of the Comptroller of the Currency Securities and Exchange Commissions Customer Assistance Group Office of the Whistleblower XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX, XXXX XXXX  XXXX XXXX, TX XXXX Washington, DC XXXX Dear Governmental Agencies, I am disputing and filing a complaint that Select Portfolio Servicing ( SPS ), XXXX XXXX XXXX and XXXX XXXX ( Attorney for Debt Collectors ) refusal to fully validate the alleged debt. I have sent various validation of debt the past few years and they have not provided the key proof of claim elements requested. Additionally, the validation requires SPS and XXXX and XXXX to provide evidence ( contract ) that they are working on behalf of XXXX XXXX  XXXX. XXXX transfers the responsibility to XXXX XXXX XXXX and claims that its their issue but on the notice of sale issued by XXXX XXXX it states that they are working on behalf of the allege creditor ( XXXX XXXX   XXXX ). 

After completing extensive research into the mortgage loan situation conducted by my legal research team, they have identified evidence of tax fraud, tax evasion, insurance fraud, securities fraud, insurance fraud, wrongful foreclosure, failure to disclose material facts, fraudulent assignments and a variety fraudulent assignments and a variety of other regulatory violations. 

SPS obtained the servicing rights from XXXX XXXX XXXX of bad debt that was predicated on massive fraud that originated from the XXXX XXXX XXXX situation. My loan was initiated in XX/XX/XXXX from XXXX and was part of the pool of home mortgages that were securitized into XXXX XXXX XXXX  ( XXXX ). 

As a result, there was massive fraud and range of lending violations that negatively impacted the United States housing market that caused a collapse. Homeowners and the investors throughout the United States basically were damaged in the process and the Department of Justice ( DOJ ) sued XXXX  XXXX XXXX for financial fraud on a variety of levels. In XXXX, XXXX XXXX XXXX ( XXXX ) sold bad debt and servicing rights to SPS with both parties knowing that the old XXXX debt that originated between XX/XX/XXXX was predicated on fraudulent transactions and lending violations. 

I repeatedly asked both XXXX XXXX XXXX and SPS to verify my alleged debt multiple times and they consistently provided conflicting information or lack of to this point. XXXX ended up settling the law suit for {$16.00} XXXX dollars with the DOJ and acknowledged their fraudulent conduct. There is massive fraud involved with my loan including chain of title issues, XXXX XXXX XXXX violations, fraudulent assignments and a range of other lending violations. SPS has never satisfied the proof of claim. 

I have enclosed a verified complaint ( short version without the evidence exhibits ) for all parties to review. If some type of solution or settlement is not provided upon receipt of this notice I will file the full complaint with all the collected evidence over the past ( 5 ) years in the US District Court. 

In summary, SPS is trying to illegally defraud my family out of our property as a third party debt collector that lacks standing and the ability to verify the debt. They were aware of XXXX and XXXX past conduct and the debt that they purchased in XX/XX/XXXX. I have attached with this dispute the debt verification request and default notices that I sent to SPS and XXXX XXXX. 

Additionally, I am prepared to begin litigating against all parties that are associated with this fraudulent matter unless the attempted debt collection is resolved. 

The following transcript below summarizes the XXXX/XXXX situation : Best Regards, XXXX XXXX

Company response to consumer: Closed with explanation