Friday, December 21, 2007

Ocwen Loan Servicing - Ocwen Federal Bank ripoff Breach of Settlement Agreement West Palm Beach Florida

From: http://www.ripoffreport.com/reports/0/269/RipOff0269655.htm


Ocwen,(which is NewCo spelled backward) filed a foreclosure action against me in Feb of 2004. After 36 months of litigation, we finally reached a settlement agreement in Feb. of 2007. As part of the agreement, Ocwen was supposed to remove all negative reporting from the credit bureaus.As of August,2007, they have failed to comply even though a Judge ordered them to do so on July 30, 2007.Their modus operendi is to target borrowers who have lots of equity in their properties. Then they will back date the start date to pay, for example in my case from May 1, 2002 to March 1, 2002 (thus putting the person two months in arrears from the get go). Next they will claim not to have received a payment (ie in my case the Nov. 2003 payment).Luckily for me, I saved all my paperwork and my cancelled checks, so I was able to prove to their third attorney that they were wrong. Their first attorney realized they were wrong back in 2004 and wanted to settle so they got rid of him and found another shister to try and save their case. Luckily for me, she blatently forged a stipulation and was detected by the Judge. She was removed and faces charges. At this point, their third attorney realized it was time to settle since they had no case.Ocwen took revenge by failing to clean up my credit and is thus preventing me from refinancing. Truly, this is a criminal organization and needs to be put out of business permanently. They already had to give up their Federal Charter in 2005 because of the heat. They can not survive with their colections of nickels and dimes so their profit center is bogus foreclosures.MichaelTampa, FloridaU.S.A

2 comments:

Anonymous said...

My loan was transferred from HUD in 1997 to OCWEN FSB along with a supplement they were to follow HUD regulations in servicing loans. HUD took the note which was FHA insured and not subprime due to my husband becoming disabled.

Excess fees, overcharged interest, requiring excess months in the escrow account, etc. In November of 2003 they sent me a notice I had no payment for that month due to redoing the forberance plan. I already was paying more than my original payment even though my income had not increased. Then the next month they demand 2 payments saying I was behind, despite all the overcharges. In February of 2004 their Attorney notified me I had 30 days to dispute the debt or face possible foreclosure. I disputed it within two weeks. In less that 30 days OCWEN FBS transferred the note to LaSalle National Bank as trustees for the Holders of a Mortgage Pass-through Certificate 1998-R1. The attorneys for LaSalle Bank which just happened to the same Attorneys for OCWEN FSB filed a foreclosure the very same day. They had not even filed a Les Pendes with the Court or Notice with the Land Department they were the new mortgagee. I never received notice from LaSalle or OCWEN the note was transferred. I never received anything from LaSalle except the lawsuit. The case is still pending. LaSalle has not provided any documentation of who the holder of the Security Instrument call a Pass-through certificate is.

Two months after the transfer of my Mortgage from OCWEN to LaSalle the Office of Thrift Supervision came down hard on OCWEN for servicing violations and they had to sign an agreement with them to correct certain problems and have an ombudsman for complaints. OCWEN decided to debank right after that. (this is in SEC filings which are on the internet.)

Despite the fact LaSalle says they are the Mortgagee in Court Documents and OCWEN FBS is not listed, in 2005 we started getting bills from OCWEN LLC. OCWEN LLC list on bills they are the Mortgagee with no mention of LaSalle. Supposedly OCWEN was at the settlement conferences, although I never saw them. An appraisal was done on my home and the appraiser said he was hired by OCWEN not LaSalle.

Who really owns my home? Their attorney says it is not OCWEN, yet they are still involved.

If OCWEN Federal Savings Bank stated to Liquidate in 2004 after they transferred my Mortgage to another Bank in the form of a security instrument, why would they still show on bills they are the Mortgagee.

Imfortunely I understand what is happening in the HANSON case. The big banks and servicers have the bucks to fight the attorneys and victims who do not have the big bucks. Do not expect HUD to do anything about this, they are who put many of these notes in OCWENS hands from FHA insured notes.

This could be the 21st century Les Miserable’s.

Anonymous said...

My loan was transferred from HUD in 1997 to OCWEN FSB along with a supplement they were to follow HUD regulations in servicing loans.

Excess fees, overcharged interest, requiring excess months in the escrow account, etc. In November of 2003 they sent me a notice I had no payment for that month due to redoing the forberance plan. I already was paying more than my original payment even though my income had not increased. Then the next month they demand 2 payments saying I was behind, despite all the overcharges. In February of 2004 their Attorney notified me I had 30 days to dispute the debt or face possible foreclosure. I disputed it within two weeks. In less that 30 days OCWEN FBS transferred the note to LaSalle National Bank as trustees for the Holders of a Mortgage Pass-through Certificate 1998-R1. The attorneys for LaSalle Bank which just happened to the same Attorneys for OCWEN FSB filed a foreclosure the very same day. They had not even filed a Les Pendes with the Court or Notice with the Land Department they were the new mortgagee. I never received notice from LaSalle or OCWEN the note was transferred. I never received anything from LaSalle except the lawsuit. The case is still pending. LaSalle has not provided any documentation of who the holder of the Security Instrument call a Pass-through certificate is.

Two months after the transfer of my Mortgage from OCWEN to LaSalle the Office of Thrift Supervision came down hard on OCWEN for servicing violations and they had to sign an agreement with them to correct certain problems and have an ombudsman for complaints. OCWEN decided to debank right after that. (this is in SEC filings which are on the internet.)

Despite the fact LaSalle says they are the Mortgagee in Court Documents and OCWEN FBS is not listed, in 2005 we started getting bills from OCWEN LLC. OCWEN LLC list on bills they are the Mortgagee with no mention of LaSalle. Supposedly OCWEN was at the settlement conferences, although I never saw them. An appraisal was done on my home and the appraiser said he was hired by OCWEN not LaSalle.

Who really owns my home? Their attorney says it is not OCWEN, yet they are still involved.

If OCWEN Federal Savings Bank stated to Liquidate in 2004 after they transferred my Mortgage to another Bank in the form of a security instrument, why would they still show on bills they are the Mortgagee.

Importunely I understand what is happening in the HANSON case. The big bank has bucks to fight the attorneys and victims who do not have the big buck. Do not expect HUD to do anything about this.

This could be the 21st century Les Miserable’s.