Ocwen Loan Servicing Deceptive Practives for years Orlando Florida

Our mortgage was sold to Ocwen approximately 6 years ago. Immediately we started having issues with them. Granted at the time we had a situation, however we worked very hard to repair our situation.
Before the whole 'mortgage crisis' began in the economy, we have made several attempts to refinance to help our situation further. We have tried at least once every other year. EVERY time we had refinance compaines interested and ready to go, Ocwen reporting practices ultimately ended our attempts. We tried very hard to find a refinance company that can work through the mess Ocwen had created, as far as reporting. Over and over we heard the same things.... 'Ocwen has a history of bad reporting practices', 'they seem to report as they can, not on a required timely basis', 'None of this makes any sense', etc.
We am up front and honest to every company who seesm interested in refinancing us. However, to no avail, Ocwen seems to be able to keep us in their clutches. It feels like they are keeping us further and futher behind. We pay evey month... and yet it seems the loan amount has not changed in over two years.
This year has proven to be tough. We hav entered into yet another loan modification agreement. My husband lost his job late last year. He was very fortunate to obtain a better position earlier this year. A few months into his new job, I had lost my job. I have not been as fortunate to find a replacement yet. So far, we have been ok.
We made our payments, on time. However, we still receive notifications of notice of intent to foreclosure and daily recordings to call. I call; they 'assure' me that their records show adequate activity. I must admit after finally reading some of the ripoffreports.... I am unsure of the near future of this 'loan modification agreement'.
I am 100% convinced that they are crooked. I hve known this for quite some time. I have heard from reputable compaines, in not such bold terms... that they are crooked. They SHOULD BE federally investigated.
AhRock Hill, South Carolina U.S.A.

from: http://www.ripoffreport.com/reports/0/352/RipOff0352301.htm

Ocwen Bank What is Wrong!?

I want to know why they will refuse to subordinate my second so I can keep my home and continue to make my payments to Owen never been late and my first is on a adjustable that increases 2008 and this would be in their best interest why would they not do it and why is there no one to help I am going to CNN on this if I can help one person I will and then they take a loan loss what is wrong with this picture?

Ocwen Negative Stars!

Can I give negative stars? I have never dealt with a company that is this bad. We have had nothing but problems with them. My brother in law works with a real estate/bankruptcy attorney and when I called to ask him what he knew about Ocwen - he started to laugh and said they were on their bad list as one of the worst lenders to deal with and they would never recommend them. When you are talking to them on the phone to straighten out the numerous problems - their phones mysteriously disconnect. They kept screwing up our escrow and they said we didn't have insurance. We had sent them proof of insurance multiple times (and so had our insurance agent) and yet they still forced insurance on us so they could make money. When we asked for the payoff amount - they added tons of fees (a convenience fee? Convenience for whom?) and extra interest. Liz G.

Ocwen A Total Scam

I wondered why SusanYi was being so friendly and chatty. In a whole hour long conversation (which with other lenders takes about 10 minutes) she hemmed and hawed and tried to push their own "power buyer" agents, LYING to me telling me they have some secret access to listings I couldn't possibly have (an MLS listing is on virtually EVERY realtors listings website, there are no "secret" listings) and tried to push the interest only thing which I don't want for higher interest rate and a bunch of other garbage.
I'm no newbie, I've owned houses before so I immediately screeched to a halt when she, after an hour of chit chat mixed with lots of hard sell and very little info tried to bully me into giving her my credit card or bank account number so they could take a "deposit" of unspecified amount, for unspecified services to get a preapproval only (not even a real prequalification). NO ONE (no REPUTABLE lender) will EVER ask you for good faith money, EVER EVER EVER. Don't fall for it! Most really good ones won't even ask you for the $25 credit application fee until after they've done all the preliminary work and are ready to actually offer you something, and if they do, write them a check, do NOT give them your credit card or debit card information. This is a SCAM!

Ocwen: The Mortgage Mafia

I couldn't give them a zero . Two thumbs down is more like it. They are crooks and I have never seen any mortgage company act this way. If you don't have Insurance on your house they will put it on your house for $896.00 for a $ 60,000.00 House.
They will pay up your property taxes, and your one to two months behind and then charge late fees and offer you that great forbearance plan and don't even look for the lawyer fees and they charge you for the property search, who told them any ways they could do that? They stink! I don't want them as a mortgage co. I was sold to them by Ameriquest who also has a class action law suit against them. I say I hope they go under.

Ocwen - No Stars

I spent an hour on the phone with some guy who barely could speak English and he was way rude. I pay more on my loan than required each month and Ocwen decided that this was not the agreement and sent my entire payment to principal only charged me a late fee (when I clearly paid on time if not early) and reported my loan late for the month. Took me having to stop being cordial on the phone to screaming before someone could address the problem and that took another hour. They are very abrasive and fee averse. I am so looking to refinance with another company and the first question is going to be where is your customer service center located. I never asked for them as it seems they bought loans from another company. I hate that. This is the worst company ever.

Ocwen A Rip Off

Ocwen is really a big rip off. I received notice fro GMAC that my homeowner loan was being sold. In the letter they stated I would be notified by the new company, and the way I have my mortgage set up nothing would change. When I come home from work I would have a message on my answer Machine call this 800 number with my account number, not saying who they were or what, this was happening 2 to 3 times a week. I don’t feel it is right that a company would call you, and not leave a name when something like this is a persons life investment.
Ocwen wiped out my bank account, I had mailed them a check & they stated they did not receive it, and demanded I give a check over the phone, unless there would be interest added. I gave them a check over phone, and on August 13 2007 both hit my bank account, Ocwen took every I came up short $250.00 on the payment. Lucky me I put a stop payment on the check I had mailed them, so they had to put the money back into my account.
After that customer service really didn’t listen, It is this and nothing else. And then have the nerve to ask if there is anything else they can do for you. Ocwen called my home 2 to 4 times a week leaving messages, I would get invoice from them 2 times a week, one invoice would say my mortgage is current, the next invoice the same week would show one month behind. I would call them and they would say disregard, then here comes another invoice stated delinquent. YOU ARE RIGHT YOU CANT UNDERSTAND THEM TALKING ON PHONE, CUSTOMER SERVICE REFUSE LETTING ME SPEAK WITH SUPERVISOR OR HIGHER UP. I Can't Give Them 1 Star I cannot even give Ocwen 1 star. Right now I am in bankruptcy due to their failure to post my payments on time and other “things” that happened. I too went into a forebearance agreement with Ocwen only after attempting to refinance my loan with them, of course, to no avail. They then tacked on $600.00 to my payment and then said they did not receive my payments. I was forced to file bankruptcy in order to keep my home and then after my rate adjusted to 9.9% from 6.9% (you do the math), they are trying to tack on an additional $600 to my new rate of $3400 bringing my total note to $3,950 roughly. I did not ask them to do this, I pay my own insurance and taxes and they are double paying. I do not plan to send them a cent over what I owe them. They are horrible people and nothing against Indians but their command of the English language is poor!! I hope Ocwen goes belly up soon and shuts their doors and the doors in India. Do not use this company!!!!!

Ocwen is The Worst

Of all the Mortgage Companies I have had in the last 15 years, this is definetely the worst. They cost me a very attractive and beneficial refinance with someone else, due to them not providing a payoff quickly and gettting it terribly wrong. I had to fight just to prove that my pre payment penalty was only a fraction than what they quoted me. You can't speak with the appropriate department and they care more about their processes than they do their customers. Criminals I could write you a book about OCWEN, they are the worst, total rip off artists. Right now however I am steaming because I just went to my mailbox. This is the crux, I just got divorced I got the house, my ex was paying the mortgage directly out of his account. He notified them 2 months in advance that, that would stop, to no longer take it out of his account that I would be sending the mortgage. I did exactly that, One month. so what do they do they also hit his checking account so he puts a stop payment on his account incase they do it again.
So the next month same thing I send payment and low and behold they hit his account AGAIN. he calls them because the account is now hit with a returned check charge. I just get a letter from them in the mail notifying me that WE are responsible for the return check charge. They are the biggest criminals on the face of this planet I cannot understand why they are still in business! Predatory Lender My two mortgages recently got purchased by Ocwen. I’ve only had them 4 months and I hate them already. They start calling on the 2nd of every month, 3-4 times a day on my cell phone to find out when I am going to pay my mortgage. It’s either someone from India or it’s a hang-up call. It’s ridiculous. I was doing the bi-weekly payment plan, but I stopped that because it was costing me a fortunate in fees and the payment wouldn’t get to Ocwen any earlier than if I mailed it myself. If you pay online, they charge $10. $10!!!!! What a rip off!!
My problem is that I’m stuck with them for 3 years or until someone else buys my mortgage because I have a 3 year pre-payment penalty. Arggghhhhh!
This company needs to be shut down. Period. They are at the top of the list for “Predatory Lender.

Ocwen terrible company

I just wanted to say that we have had some very bad experiences with Ocwen. We have paid them so much money, it's unbelievable. We had an escrow account that was sky high, forced insurance that was also very high, and we had so many late fees, attorney's fees, foreclosure fee's. We had to send them close to $7,000.00 last year, because they said we had to pay all this amount so they wouldn't foreclose on our house, yet when we asked them for a breakdown of what fees were paid with these $7,000.00, they always gave us the run-around, we had to contact the research department, which they said would take anywhere from 15 to 30 days to figure out, but we never received anything. Til this day we still don't know where that money went. We finally refinanced with another lender just recently...thankfully! and our payoff was outrageous, we ended up paying close to $61,000.00 and our principal balance was $47,500.00...How do you figure? We didn't question anything at the time of refinance, because all we wanted was to get out of Ocwen. But, we are questioning every single thing on the account from Ocwen. I think we have paid over $13,000.00 in fees to Ocwen.

Thanks to Ocwen American Dream becomes a Nightmare

I know same old story single Mom, struggling (not very well) to make ends meet. I know I got myself in this mess..HUD sold OCWEN my note, over 10 years I would scrape up, begg and borrowed the +$7,000 a pop (3 times) to keep a roof over my childs head when confronted with 'foreclosere in 30 days' When I got behind.When OCWEN advised me that the other 3 'forbearance' plans were not designed to catch me up, but this new one would, my payment went from 780 (already a burden) to over 1200/mo. I signed the forbearance plan to give me some time. I gave up trying to save my house I walked away.My balance was less than 60,000 w/over 5,000 in foreclosure fees tacked on. This $5,000 was for the most recent proceedings. They would never give me itemized list from previous 3 foreclosure threats. But I finally got a detail of the 'fees' on the latest fiasco. I requested copies of all the reports I was paying for eg 'title serach' 'appraisals' 'copies of filings' I never recieved a response.When I gave up the house (not my fight with OCWEN), I walked away, put the house on the market (they could have it or it would sell)and I did not make another payment, I used the house as a storage space. The Irony of it all. Not one foreclosure notice, not even a late notice, just a monthly statement.Heads Up. It took me a year to sell. I lost 3 buyers in 12 months because OCWEN's failure to respond to inquiries from my agent or the potential buyer's representative. We tried to do a short sell and OCWEN went up on original buyout quote. This part of the journey is over, I have taken a break since the house sold in September, but I am back it the fight.

Owen- Single Mom Loses Out...

Our family believed my mother was getting ready to pay off her house. After 29 years, we believed it was almost time. We learned it was not time. According to OCWEN, we owe tens of thousands more. My mother's 30 year loan has been extended to 45 years somehow. Her health is not well right now and she sees no end in sight to this nightmare. Hopefully it will all work out and and we can get our mom out of this mess.

Ocwen, also a victum West Palm Beach Florida

From: http://www.ripoffreport.com/reports/0/289/RipOff0289004.htm

I too was burnt by ocwen I am disabled and got behind when My disability was messed up with social security to make a long story short ocwen offered to redo the load and sent in their own apraiser who apraised it for half the original apraisal.I was then contacted by ocwen and told they refuse to redo the loan and either to pay up or get out I had no choice but to get outI had no one to turn to for help and am discusted with ocwens treatment of customersBiglizard38clintonville, WisconsinU.S.A.