Monday, June 3, 2013

Cash For Keys- Should We Take the Money?

How appropriate! As I sat in front of my computer contemplating writing today's post, there was a knock at the door. I looked through the peek hole to see a guy in regular clothing holding a clip board handwriting on a document. He then went to the front window to take photos. I ran upstairs to look out the window and take a photo of his vehicle. Unfortunately the unmarked grey sedan, was parked across the street directly behind a huge tree in our front yard. I could not view the license plate.

So here it is (this was today 6/3/2013):
So- What happened to Carrington? Carrington hired a lawyer to post a notice stating they "are authorized to act on behalf of the owner." How about Roselena? It has been over 3 weeks since she said she was going to be listing our home. 



So who is this new "servicer" aka Fairbanks Capital?:
Select Portfolio Servicing, Inc registered business at California Secretary of State: http://kepler.sos.ca.gov 

Business Entity Detail




Data is updated to the California Business Search on Wednesday and Saturday mornings. Results reflect work processed through Friday, May 31, 2013. Please refer to Processing Times for the received dates of filings currently being processed. The data provided is not a complete or certified record of an entity.
Entity Name:SELECT PORTFOLIO SERVICING, INC.
Entity Number:C1976598
Date Filed:08/09/1996
Status:ACTIVE
Jurisdiction:UTAH
Entity Address:3815 S. WEST TEMPLE
Entity City, State, Zip:SALT LAKE CITY UT 84115
Agent for Service of Process:CORPORATION SERVICE COMPANY WHICH WILL DO BUSINESS IN CALIFORNIA AS CSC - LAWYERS INCORPORATING SERVICE
Agent Address:2710 GATEWAY OAKS DR STE 150N
Agent City, State, Zip:SACRAMENTO CA 95833

Hmmm- Utah! That's a new one.

When I googled SPS, the first article I found titled: 
Here's some other names Select Portfolio Servicing have been referred to:
"biggest fraud scumbags," 
"SPS has the DIRT on all the Banksters .... SPS is in deep with the SLIME BAGS," 
"a convoy of people involved in mortgage fraud," 
"a fraud scam Co."
"SPS IS STEALING HOME'S THEY CANT PROOVE THEY OWN SHIT AND YOU KNOW IT???"

Guess, We're not alone. There are more people out there that are aware of what's happening and frustrated with why nothing is being done about it!

SPS found guilty before- paid $40 million for illegal servicing practices: http://www.ftc.gov/bcp/cases/fairbanks/index.shtm

I'll update more when I research Jeff Wagner of Excel Properties next. I'm too busy digging further into SPS at the moment. 

So, SHOULD WE TAKE THE MONEY??? 

I'm more than ready to just be done with this house and move on. BUT, you should know me better than that by now!
If we walk away with cash, that is pretty much the same as giving a green light to these fraudsters to continue doing what they're doing; stealing homes and taking advantage of innocent people!

What would you do? Advice please.


For the quick recap: See posts "Buyers Beware" and "To Summarize My Assumption"
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