Australian-Owned Specialized Loan Servicing Defies Trump COVID-19 Foreclosure Moratorium. SLS Wants Your House!
Australian-owned Specialized Loan Servicing also has no problem issuing demands to Americans like they are Lord Humungus and his roving band of mutants from The Road Warrior aka Mad Max 2.
SLS is a non-bank servicer is owned by Australia-based Computershare.
The mortgage servicer also has a long history of jerking around homeowners and illegally locking people out of their homes.
SLS is defying the spirit of President Trump’s 90-day foreclosure moratorium and is proceeding with filing foreclosures across the United States.
MFI-Miami has received nearly two dozen calls from homeowners with SLS mortgages. Homeowners from California to South Carolina are saying they have been served in the past week. An MFI-Miami client was also served with a foreclosure lawsuit on March 23rd by a foreclosure mill hired by SLS.
Australian-owned SLS services loans held by MBS Trusts on Wall Street. Most of these mortgages are non-backed Fannie Mae, Freddie Mac, and FHA loans. Therefore, these loans are not technically part of the moratorium.
As Mortgage Servicers Are Helping Homeowners, Australian-owned Specialized Loan Servicing Chugging Ahead With Foreclosures!
MFI-Miami warned our readers on March 19th that this could happen. Now, one lender is chugging ahead with foreclosures despite pleas from the Trump Administration for lenders to cut homeowners a break.
American and European-owned servicers are honoring the moratorium and deferment requests during the global COVID-19 pandemic.
Don’t get me wrong. American servicers aren’t doing it out of generosity. Trust me, if they could get away with it, they would. They just don’t want the public relations nightmare it would create. They also don’t want to feel the wrath of Trump in an election year.
Yet, SLS seems to be the exception and as I stated above, they are chugging ahead with foreclosures.
FHFA and HUD also had to issue stern warnings two weeks ago to any Fannie, Freddie, and FHA servicers not abiding by the moratorium.
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