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Selene Finance

United States,
Texas

Consumer complaints and reviews about Selene Finance

DavidBer236 Send email
 
Jul 9, 2014

Won't return my clients impound account money

I am a real estate Broker and I'm trying to help my client get his impound money back from Selene Finance. Two days prior to my client refinancing with Wells Fargo, Selene pulled money from my client's impound account to pay the 1st installment property tax that was coming due. My clients new lender "Wells Fargo" required their own impound account to pay the property tax, as it had not been paid yet, so my client opened a new impound account with Wells Fargo and paid the 1st installment through escrow.

When my client called "Selene Finance", they told him that they sent the money to the county that he lives in and the county was holding onto the money to pay the 2nd installment when it came due. Unfortunately nothing is further from the truth. He has been trying to get this resolved since January, with no success. My client has made numerous phone calls, talked with Nina, who told him that she was referring it to their research department, now she won't return his calls.

I did some research and found that Selene Finance never sent a check to the county as they stated. It looks as if we will be seeking legal remedies, as Selene Finance is responsible to refund the overage to my client.
richhoward7 Send email
 
May 19, 2014

selene

Has anyone had there mortgage sold by Selene once it has been current and in good standing for a period of time.
richhoward7 Send email
 
May 19, 2014

Selene

Has anyone had Selene Finance sell there mortgage after it was in good standing for a period of time. Seems like the only way out
Rich_Cosner Send email
 
Apr 27, 2014

Selene Financial LP

Have to agree that Selene is the absolute worst finance to deal with. I too started with Flagstar who sold my loan to Selene when I got 2 months behind in payments due to a temporary set back. As soon as Selene (which is much more a repo firm than a mortgage company) got the loan they demanded 6 months mortgage payments and fees that were owed to Flagstar. Anyway things got pissy stopped paying them and put my mortgage payments in escrow. Since I have over $200000 in equity in the house they didnt want to work out any settlement what so ever. They were just after the house. They went as far as sending a house inspector out who called in 3 bogus code enforcement complaints to keep me from being able to sell the house.

Stay away from Selene
Shirley Send email
 
Apr 26, 2014

Selene Finance

Selene has been a nightmare to deal with since the beginning. I initially had Flagstar Bank and they were fine. They quickly sold the loan off to Selene, however. I have a lot of financial obligations as a single parent and was sometimes slightly late with the payments, but paid before the middle of the month ( you have a 15 day grace period by law). They were calling and sending harrassing letters within a day or two of the payment due date. The first time I was late they charged me a $483 late fee. They also inexplicably increased my private mortgage insurance portion of the payment by $120/mo, which makes my house far too expensive for the size of house I am in. I had a good interest rate of 4.6% but it was the pmi that was killing me.I attempted to work out a different payment due date, get the pmi decreased, etc, but they refused to help in any way. I had to wait on hold for over an hour to get anyone on the phone and then when I did get someone they were robotic, clueless and barely spoke English. With all of my other financial obligations at the time I was forced to declare bankruptcy, and I included the house in the bankruptcy. I borrowed money to take care of the two month deficiency I had gotten myself into, but the payments were still too expensive in the long run. Selene immediately started sending threatening notices saying that they were going to foreclose if I didn't pay a huge sum for late fees and the entire balance immediately. My bankruptcy attorney advised me that since the mortgage was included in the bankruptcy that I was staying in the home out of the goodness of my heart. I can leave the home any time and go to an apartment, etc. I have now decided that it is fruitless to keep paying this schiester company and I plan to get an apartment and walk away from the house. My credit is already damaged from the bankruptcy, but doing this will not change it. They are not able to report it since it was part of the bankruptcy. Unfortunately, they recently did report that I was late and so now my attorney is suing them since this is against the law. Screw them. I'm walking away and renting something. They don't deserve my response. I will continue to ignore their certified letters, etc. This is most likely what their goal was in the beginning. To make the house unaffordable so they can take the house.
Carmen Morris Send email
 
Apr 19, 2014

helping people stay in their homes

Selene put us through a nightmare. Our mortgage was sold multi-numerous times in 5 years. And when Selene got it at first we would send payments and they would send the payments back. After awhile of that, they'd kept the check not applying it to the mortgage and sent it back 5 months later saying we owed 5 months of mortgage and fees. We were done with them at this point. We had a broker working with us hired by them to settle the problem, and he tells us he's never seen a deal this shady and to get out. So he tried doing a short sale for us, then 6 months later we tried to sign the house over to the bank. After 6 more months of no contact, they started sending us foreclosure notices. The broker finally got a hold of them saying we're in negotiations so they couldn't do that. A month went by we started receiving foreclosure letters again. We finally decided to move because at that point we had to look out for kids and there was no telling what these people were going to do next. While we were moving our stuff out, they marked the house abandoned. We got the broker to let us in to get the rest of our stuff, but it had been taken. All of our neighbors said they seen the people post the sign and start emptying our house. After 6 months of being in the new place we received a letter saying they were denying the short sell. 6 months after that we received a letter saying they weren't going to accept us signing the house back over to them. We basically were scammed into a bad initial loan and sold to a company that hijacked our home. I still plan on suing them. But anyone in works with these people beware of what they do. I hope no one has to go through that. From an upset mortgage victim in KC. Carmen Morris. If a lawyer reads this that knows how bad this company is I would love for them to contact me. [email protected]
amcmillian Send email
 
Apr 13, 2013

Foreclosure

They foreclosed on my house in Dec of 2010. Is there a class action lawsuit against them. They gave me $600 to relocate and I had to turn over the keys.

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