We first contacted Selene and put in the paperwork for a Loan Modification in 2016. Our interest rate was over 11% in 1989. We thought it would be a good time to refinance and get a lower interest rate. We completed and faxed, e-mailed, and certified the same copies of the same paperwork constantly.
It’s been a lot of little things. This time a wrong date, next time a missing signature. The time after that there were missing pages from an E-mail. Selene Finance LP was the only one cc’d to ever complain about missing documents or signatures.
Now here it is 2022, we’re $35,000 in the arrears. We can’t get a home equity loan. Our credit has never been worse. The kicker is that we are both over 50 years young. We never thought we’d be where we are at this stage of our lives.
We’re currently working with the State of NJ and will see this resolved sooner or later, one way or another. Fingers crossed!!!
My loan was with Shellpoint I was approved for loan modification in October 2021 first trial payment in November 2021 with 3rd and final trial payment made January 2022. The day after the last trial payment was made the loan was sold to Selene. They now are not honoring the modification that shellpoint had drawn up. They accepted February 2022 payment, but now refuse to accept payment unless it’s certified funds for the entire amount previously delinquent prior to modification. They just sent me a new modification with payment 250.00 more than the modified payment thru shellpoint with a 60k balloon payment and want me to do another 3 month trial period. Giving me 3 days to respond or they are moving forward with foreclosure. What they are doing is illegal and against the law. They are out of controll and need to be stopped. Filing complaints with my state’s attorney general in the morning and have a meeting with attorney in the afternoon. Think it’s time they get slapped with a lawsuit. They pull this because they think that home owners don’t have the resources to do anything about it. It’s time the pay for their shady ways.
Please email me advise on selene finance lawsuit. I am just now reading this
Selene finance did not pay my homeowners insurance in August of 2021 which I think is illegal. They said my note was not escrowed which was incorrent. Ironically, my statements from Selene show I am paying escrow. At best Selene is a poorly run company. At worst, Selene is a fraudulant and criminal company. My mortgage was sold to Selene in July of 2021. Since then Selene has broken the law and lied to me. When I tried to work with them to correct the issues I was put on hold, transferred, and hung up on with no resolution. I am in the midst of this horrible experince and concerned about what will happen next.
Fortunatly the AG in my state is helping to resolve this. Be vigilant.
Hey everyone sorry to hear that your case did not go well. But i have some good news that may just help us all out. 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. 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 SELENE’S RIDICULOUS MODIFICATION make sure you get it to them. I think they be able to get the information they need. If they violated your HAMP modification by putting your house up for sale during your pending modification application, or denied you modification, or claimed they didn’t get your paperwork and if you didn’t get your actually HAMP modification and ended up with their in house version of your HAMP this would be the tome to let them know specifics, lie how long they strung you along, how many times you applied. All of these things are violations of what they were suppose to do. 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. Then filed the Deed of Trust, covered everything up for 11 years….so alt of good that will do me now I’m out almost $350,000 but they are even wealthier all I have is my stack of paperwork that proves it happen. I am seriously thinking about plastering it online. We’ll have a good day. Don’t give up, we will get satisfaction in the end.
I really can not believe once again another lender committing fraud. My nightmare began with Countrywide selling my personal information and all me credit damaged. Then my loan sold to Bank of America. I gave them a mailing address they foreclosed on my home stating I abandon my property without going to the property were all my items were. 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. But there was no need for me to walk away since at the time of purchase I put down 100,000. No one was doing that at the time. Now they asked me to open of BofA account to make direct deposit to my loan payment. But they could not set it up from my bank account to their mortgage department. So they paid for my Fed-x payment or almost 4 months. That’s how screwed up they were. Now I hire an attorney can’t remember his name right now, but. This man charged me and over 25 other people to go against Bank of America and didn’t file an appeal so we all lost and once again our houses went into foreclosure again. He also used our money to pay his personal expenses which is against the law. He has now filed Bankruptcy to over 46 different people. So I then filed Bankruptcy to stop foreclosure once again. So now I was on the hook for the payment that were not made during lawsuit. So made now I owe another 36,000 back payments. Because when you file Bankruptcy the lender can not take payments from you. So now I on the hook for the back payments overnight. So I met my obligation I filed to dismiss my case only to find out in February I didn’t owe a payment till July. But yet they are asking for another 5,400. For what? Oh, and by the way if you hire a paralegal make sure they are not an attorney that has been disbarred. They can still practice as a paralegal. What is wrong with this picture. Our system is screwed up.
Neat less to say the one industry I loved from the age of 16 now makes me disgusted.
Selene is now our mortgage company sold to them by Wells Fargo. After bankruptcy is over will Selene cause us issues?
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! I have been residing at this property for almost 17 years now! I felt like things were going to start looking up for my family, I felt like there was hope for the future, and then a Realtor came to my door and started offering me Cash for Keys on my home!! I told her that I wasn’t interested and that I would call the mortgage company to get things straightened out. At this point I found out that Seterus Inc no longer held my account, it was Selene Finance. 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. I begged them to please give me another chance. Life was different and my kids didn’t know anything besides this being home!!
The customer service representatives that I spoke with at Selene Finance informed me that it was too late because the sale was already held on my home. They also told me that nobody bought my home at this foreclosure sale so the property remained in their possession. I asked why they couldn’t work with me then and let me stay and I would pay any fees or fines associated. They told me that was not an option. 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. My mother-in-law, who was also residing on the property also went to talk to the realtor who informed her that neither I nor anyone related to me could purchase the property.
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. The title company had provided me with a photocopy of the posting in the newspaper but I felt that with something of this magnitude I should have been personally notified. I called Mackoff Kellogg Law Firm multiple times prior to hiring an attorney, asking for proof that they had tried to notify me and I never received a response from them. The attorney was able to attain documentation showing that they had sent me registered letters but the letters sat in the post office, unclaimed and got sent back. On the day that the letters were to be delivered, the mail carrier didn’t even bother to pull in my driveway to deliver them to me or even notify me that they were there or I would have absolutely driven to town to pick them up.
Then my attorney was able to obtain proof of posting which was a slap in the face because looking at the pictures that were taken, I was home that morning, possibly in the shop but on the property, as well as my children. 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. He had informed me that the only way he was going to leave the property was in a box. I later found out, he removed the notice without telling me! For what reason, I still don’t know, most likely to be vindictive because I was trying to make him leave!
Now the courts have set a hearing date of June 4th and I am going to continue to fight this with everything that I have!! Any advice that any of you have for me would be GREATLY appreciated!!!
Yes another victim of Selene Finance. I was told by Jason at Selene my account rep that they would modify after 2 years of trying. They told me to put 15k down then payments would be 1700/mo. I told them if I had 15k I would had done this already. They are very non helpful and threatening. I had to file a chapter 13 just because they would not work with.
I have also sent this to top class action as well about Selene finance. But encourage others to do so immediately before it’s too late and you find yourself foreclosed on. I’m also communicating with several other attorneys and filing complaints with the following organizations [Lone Star Legal Aid, which is organized to help low income Texans with their legal matters.] ALSO CFPB website (http://www.consumerfinance.gov/complaint/) or by calling our toll free hotline at 1‐855‐411‐CFPB (2372) or TTY/TDD phone at 855‐729‐CFPB (855‐729‐2372). Contact center representatives are available to assist you from 8am‐8pm EST. Mortgage servicers are also regulated by federal law, particularly the Real Estate Settlement and Procedures Act (RESPA). You have the right to request information about your loan and to dispute errors. You can read about RESPA and your rights here: https://www.consumer.ftc.gov/articles/0190-making-payments-your-mortgage-servicer.
SELNE is a D rated company – according to BBB, that took over our mortgage and we have been having problem ever since. Several months ago they sent us letters and began calling about a late payment. 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. Once I told them that my parents who co-own the house with me are elderly and ill with heart disease and stage 4 cancer, miraculously it turned out that “my father seemed to be overpaying on the account and there was already a full payment in credit??”(BS!) Yet this issue had hit our credit and I had to pay credit repair to fix ($99/mo). Now again as of last week they have initiated the same circumstances upon us and they are saying that as long as we use bill pay this will keep happening…even though we can prove our payments are arriving on time. So instead of paying late charges, I am shelling out $99 a month of fees I cannot afford. I also noticed they do not send these accusations in writing, but call and talk to me or my ill father and in a disgustingly rude manner. Upon reviewing this web site, I have reason to believe that they may be targeting a select market of homeowners, in particular those who are having financial difficulty, ILL OR Elderly, or those who have owned the home for over 5 years…#EQUITY…
Oh and upon reading so many stories, I noticed these people are getting away with this by not making promises over the phone or asking for late payments for not being late over the phone but not in writing. We need to start recording all conversations with Selene.
I am enclosing several review websites containing information all pertaining to the same pattern of complaints: