Are you behind on mortgage payments and are being foreclosed on by Select Portfolio Servicing? Deciding what step you should take next can be hard, that’s why Denbeaux & Denbeaux Law wants to make it easier for you.
Mortgage servicers like Select Portfolio Servicing must comply with federal laws regulating the foreclosure process in New Jersey that prevent servicers from certain inappropriate practices that violate homeowner rights. Whether or not you should actually be foreclosed on by Select Portfolio Servicing, you may have options.
If any of these or other situations have happened to you, the law office of Denbeaux & Denbeaux Law may be able to help:
Dealing with Select Portfolio Servicing can be stressful. Make sure you have an experienced foreclosure defense attorney by your side that will navigate you through the process and give you a fair chance at obtaining a reasonable outcome.
A mortgage servicing company, also known as the mortgage servicer, is the company that handles your mortgage loan and often gets confused with the owner of the loan.
The owner of your mortgage loan is the bank or mortgage company that originally gave you the mortgage loan that allowed you to purchase your property. Some owners will also be the mortgage servicer of your loan, but some owners hire a second party to act as the servicer of the loan.
If you have received a Notice of Intent to Foreclose or other notices from Select Portfolio Servicing, they may or may not own your mortgage loan. However, failing to act when you receive a notice of foreclosure from Select Portfolio Servicing immediately may result in a foreclosure in as little as 6 months.
In most cases, the foreclosure process can be time sensitive and require that homeowners communicate with their servicers as soon as possible in order to get the best results. It’s important to know who your mortgage servicing company is from the beginning so you know who to reach out to for important information regarding your foreclosure and loan modification options.
As a homeowner in New Jersey, you have the right to:
Banks and mortgage servicers are notorious for making mistakes that violate the law and your rights. These violations could lead to financial compensation and/or leverage for homeowners but often get swept under the rug.
If Select Portfolio Servicing is falsely claiming that you missed payments, not correctly communicating with you, or denying you loan modification services, contact us today. They could be violating your homeowner rights. By taking the right steps and with the right legal representation, you can protect your rights and your home.
There are a number of law firms and attorneys that represent banks and mortgage servicers in New Jersey, including:
If you have been sued by Select Portfolio Servicing or another bank or servicer by one of these attorneys or law firms, contact Denbeaux & Denbeaux today to learn more about your options to fight against foreclosure on your home.
Are you a homeowner going through foreclosure and ready to fight back against Select Portfolio Servicing? At Denbeaux & Denbeaux Law, we cover many foreclosure practice areas including foreclosure mediation, forbearance, loan modifications, and loss mitigation. We explore everyone’s unique situation and help you decide the best course of action.
Don’t give up without a fight! Contact us today for a free consultation and find out how Denbeaux & Denbeaux Law can help you fight foreclosure.