there anyone to help ward off these THIEVES ?? Sure they will work with you. ha ha .. We made an agreement with them in Sept to the tune of 11,664. and some odd cents. GOT a receiver code from THEM to sent the money.. and next payment was to be Nov 2008. Well they sent it back late in Nov. said it was not enough to satisfy them ( greedy b******s) Now they will not take any payments and it is up over 15,000 since then.. do the math... most of it is BOGUS fees I am sure. We have tried to call and you all know how that goes. !! So now they want to know where did I come up with this agreement.. gave them the persons name and of course NO ONE by that name AND nothing in my file about it either.. And that the 11,0000 was not enough to 'satisfy' them either.. but they sure as hell kept that. and sent back the 1330.00 payment.. $4000. in fees are now added so we are up to the 15,0000 MORE not counting the 11,000. NOW DUE.. ha ha.. when I told them they agreed to all of this they basicially called me a liar.. BUT I got the last word ( for what it was worth) because I asked them ' if no one talked to me and gave me this info - how would I of come up with that random amount and why would I send it to them.. BUT where I got them was on the receiver code. THEY give you that number... so I asked them where did I get this figure and code?? did I just pull it out of my ASS !!! they did not like my tone !They said they would do a forbearance to the tune of $2000. per month. I am having a hard time with the 1330.00 where do they think I will come up with more.??This part is just the recent mess with them..... this has been going on for 12 years ~ a month after I bought my home- they bought the note and it has been a NIGHTMARE since...Something needs to be done NOW for those of us still in the ' process' with them.. I only owe 90,000 on my house and it is worth twice that..THEY WILL NOT GET MINE..Lets stick together and help each other.. WHERE is an attorney that has the ' you know whats' to stand up to them.
ChrisRockton, Il.GoodSoul2rockton, IllinoisU.S.A.
Showing posts with label ocwen are Liars. Show all posts
Showing posts with label ocwen are Liars. Show all posts
Tuesday, February 17, 2009
Sunday, February 15, 2009
Ocwen got my home
like all the other folks on here ocwen has done the same things to me also, feb 18 2009 they got my home and put me on the street. i tried everything to deal with this bank all they done was lie to me sent back payments and keep raising the cost of my mortage payments and interest until i could not make my payments anymore. this home i lost to was the place i grew up and lived by my 75 year old dad, which i take care of. they are going to kick me out in a couple days. they also put my credit in the trash can.. i work every day and all i wanted to do is pay bills. i would also be interested in filing a class action suit again this bank. i tried everything possible to work with ocwen and all they did, is lie to me...
Chris****bluffton, IndianaU.S.A.
Chris****bluffton, IndianaU.S.A.
Friday, January 23, 2009
Ocwen Loan Servicing Escalated payments, failed to credit payments or credited late, refused payments while in forebearance negotiaions, then wants $1
Ocwen Loan Servicing Escalated payments, failed to credit payments or credited late, refused payments while in forebearance negotiaions, then wants $150,000 extra Orlando Florida
Ocwen takes the prize for most dishonorable company, and we want a class action suit against them! Anybody game?We have tried to keep up payments, but with an ARM, this became impossible, as our rate went to 11%. Additionally, there were always late fees, even though we paid on time. Finally my husband filed for bankruptcy, and reached a verbal agreement with Ocwen on what our payment would be.But the very next payment was sent back as not being the correct amount, but no one could tell us what that amount should be. We started the very long process of trying to reach someone on the phone who could tell us, with hold times anywhere from 30 minutes to 2+ hours. Many times we were told someone would call, but when 'they' did, it was a recording. Finally we got to talk to 'Ganesh'.We reached an agreement and were told the papers would be sent in the mail, and not to make a payment until we could send it with the new contract. Many calls later, still no papers, but still told not to pay. Foreclosure papers came. More calls, told not to worry, just a formality, don't pay. Second set of foreclosure papers came. Got an attorney. Almost a year later, got the papers, but amount now owed is about $150,000 more than our original mortgage - all sorts of fees and interest due to not paying for a year. We TRIED to pay all year, but were told not to by Ganesh. Amount is more than we could ever hope to refinance, so no hope of getting away from this crazy company even if we can pay the exorbitant amount they demand. After reading all the rip-off reports on them, I don't trust them anyway.We're serious about the class action suit. I've only hit the highlights of our problems with them.
MegBurleson, TexasU.S.A.
http://www.ripoffreport.com/reports/0/396/RipOff0396544.htm
Ocwen takes the prize for most dishonorable company, and we want a class action suit against them! Anybody game?We have tried to keep up payments, but with an ARM, this became impossible, as our rate went to 11%. Additionally, there were always late fees, even though we paid on time. Finally my husband filed for bankruptcy, and reached a verbal agreement with Ocwen on what our payment would be.But the very next payment was sent back as not being the correct amount, but no one could tell us what that amount should be. We started the very long process of trying to reach someone on the phone who could tell us, with hold times anywhere from 30 minutes to 2+ hours. Many times we were told someone would call, but when 'they' did, it was a recording. Finally we got to talk to 'Ganesh'.We reached an agreement and were told the papers would be sent in the mail, and not to make a payment until we could send it with the new contract. Many calls later, still no papers, but still told not to pay. Foreclosure papers came. More calls, told not to worry, just a formality, don't pay. Second set of foreclosure papers came. Got an attorney. Almost a year later, got the papers, but amount now owed is about $150,000 more than our original mortgage - all sorts of fees and interest due to not paying for a year. We TRIED to pay all year, but were told not to by Ganesh. Amount is more than we could ever hope to refinance, so no hope of getting away from this crazy company even if we can pay the exorbitant amount they demand. After reading all the rip-off reports on them, I don't trust them anyway.We're serious about the class action suit. I've only hit the highlights of our problems with them.
MegBurleson, TexasU.S.A.
http://www.ripoffreport.com/reports/0/396/RipOff0396544.htm
Thursday, January 22, 2009
Ocwen Loan Servicing, LLC Unable to get Modification on Mortgage and False Notices for Mortgage Foreclosure Sale
We recently hired a company to help get a forebearance and a modification on our mortgage (which was a scam), we were informed to we were not aloud neither options with our mortgage company. We informed this on 1/13/09, one day before our sale date, (we also called Ocwen on this date), which was suppose to take place on 1/14/09. We called an attorney and were told that because it was a day before the sale date there was nothing we could do. We decided that we could not afford the amount of money Ocwen wanted, which started at $5749.30, then went up to $9799.84 on 1/13/09, so we let our home sell, or that's what we thought. On 1/16/09, we recieved another notice of mortgage foreclosure sale set for 1/21/09, with the reinstatement cost at $13766.11. When we recieved this notice we call the County Sheriff and asked if there were any sale dates set for us on 1/14/09 or 1/21/09, the sheriff office informed us that there was no such date set, nor was there a sale on 1/14/09. On 1/22/09, we recieve yet another notice, which included a Notice of Mortgage Foreclosure Postponement for the sale that was suppose to take place on 1/14/09, which of course we know never was even set. So now we have another notice of mortgage foreclosure sale set for 1/28/09, (which was put on a plain white piece of paper), this date is truely scheduled for said date, confirmed by the sherriffs office. On our pink colored paper that is titled Help For Homeowners in Foreclosure the date for the sheriff's sale is typed in as 1/21/09. There no reason that people should be mislead this way, and the notices are suppose to be serious not a means of buying time to make more money for themselves, nor should they be used as a means to scare people. We are left with no time to negoticate our mortgage, and we were almost unable to file bankruptcy in time, because we were mislead. If we hadn't called the sheriff's office about the sale dates, we might have been to late, and now instead of modifing our mortgage we are stuck with our high interest rates and $320.00 more a month payment for the bankruptcy. So in all we have lost also most $7000.00 to save our home. Please let us know if this has happened to you, or is happening to you. And if anyone has any information as to who we can contact for help. We are interested in filing a lawsuit.
JamilesEden Valley, MinnesotaU.S.A.
JamilesEden Valley, MinnesotaU.S.A.
Wednesday, January 7, 2009
Ocwen Loan Servicing our # 1 priority, is lying to you, not helping you Orlando Florida
In 2004, I refinanced with Ocwen. At there request I got mortgage protection insurance, with Aig insurance. It went down hill from there. Fast forward to December of 2007. I had a back surgery & was out of work for 3 months. I am self-employed, & have BCBS. When I got home from hospital, I called Aig to file a claim for the mortgage payments, while I was out of work. They said it was a invalid claim & refused to make any payments, & that the only way they pay this type of claim was if I fell out of a mail truck, while plowing snow, in the desert. That's another report. Anyway back to Ocwen. I was coming up on 4 months behind on mortgage payments, & I called Ocwen, & told them I could make 3 payments in 2 days, which was $ 4800.00. They said that unless I paid all the late fees, penalties, which, totalled according to them, $6200.00, they couldn't accept any payments. I hired a loan modification company on May 18, 2008. As soon as Ocwen was contacted by the mod company, Ocwen started foreclosure proceedings, with a sale date of August 13, 2008. For some reason, after going thru 4-5 reps with the modification company, the files finally got sent on 6/17/08, to Ocwen. After 3 weeks (7/10/08) Ocwen needed updated financials, to see if I even Qualify, for a mod. 7/22/08 they said they could do it but needed more documents, the same ones that were already sent to them 2 times. They agreed to a special forebearance type II, which is supposed to be a 90 day payment break, while modification is prepared. my payments went from $ 1561.00, per month to $ 1751.00 per month, plus escrow which I never had before, so now my payment is over $ 1900.00. It still took another 3 weeks to get it finalized, on August 12,2008, 1 day before saleSo, a quick recap, used Ocwen recomended insurance, got shafted, tried to make arrangements with Ocwen, got no help, used 2 loan modification companies, didn't see much negotiations. After all was said & done my payments went up $ 389.00 per month & my principle went from $ 189,000.00 to $ 202,000.00. Apparently their first priority is not helping the homeowner, keep there home
Bob Apex, North CarolinaU.S.A.
From: http://www.ripoffreport.com/reports/0/408/RipOff0408847.htm
Bob Apex, North CarolinaU.S.A.
From: http://www.ripoffreport.com/reports/0/408/RipOff0408847.htm
Sunday, November 30, 2008
Ocwen Loan Servicing Escalated payments, failed to credit payments or credited late, refused payments while in forebearance negotiaions
Ocwen Loan Servicing Escalated payments, failed to credit payments or credited late, refused payments while in forebearance negotiaions, then wants $150,000 extra
Ocwen takes the prize for most dishonorable company, and we want a class action suit against them! Anybody game?We have tried to keep up payments, but with an ARM, this became impossible, as our rate went to 11%. Additionally, there were always late fees, even though we paid on time. Finally my husband filed for bankruptcy, and reached a verbal agreement with Ocwen on what our payment would be.But the very next payment was sent back as not being the correct amount, but no one could tell us what that amount should be. We started the very long process of trying to reach someone on the phone who could tell us, with hold times anywhere from 30 minutes to 2+ hours. Many times we were told someone would call, but when 'they' did, it was a recording. Finally we got to talk to 'Ganesh'.We reached an agreement and were told the papers would be sent in the mail, and not to make a payment until we could send it with the new contract. Many calls later, still no papers, but still told not to pay. Foreclosure papers came. More calls, told not to worry, just a formality, don't pay. Second set of foreclosure papers came. Got an attorney. Almost a year later, got the papers, but amount now owed is about $150,000 more than our original mortgage - all sorts of fees and interest due to not paying for a year. We TRIED to pay all year, but were told not to by Ganesh. Amount is more than we could ever hope to refinance, so no hope of getting away from this crazy company even if we can pay the exorbitant amount they demand. After reading all the rip-off reports on them, I don't trust them anyway.We're serious about the class action suit. I've only hit the highlights of our problems with them.
Meg Burleson, Texas U.S.A.
From: http://www.ripoffreport.com/reports/0/396/RipOff0396544.htm
Ocwen takes the prize for most dishonorable company, and we want a class action suit against them! Anybody game?We have tried to keep up payments, but with an ARM, this became impossible, as our rate went to 11%. Additionally, there were always late fees, even though we paid on time. Finally my husband filed for bankruptcy, and reached a verbal agreement with Ocwen on what our payment would be.But the very next payment was sent back as not being the correct amount, but no one could tell us what that amount should be. We started the very long process of trying to reach someone on the phone who could tell us, with hold times anywhere from 30 minutes to 2+ hours. Many times we were told someone would call, but when 'they' did, it was a recording. Finally we got to talk to 'Ganesh'.We reached an agreement and were told the papers would be sent in the mail, and not to make a payment until we could send it with the new contract. Many calls later, still no papers, but still told not to pay. Foreclosure papers came. More calls, told not to worry, just a formality, don't pay. Second set of foreclosure papers came. Got an attorney. Almost a year later, got the papers, but amount now owed is about $150,000 more than our original mortgage - all sorts of fees and interest due to not paying for a year. We TRIED to pay all year, but were told not to by Ganesh. Amount is more than we could ever hope to refinance, so no hope of getting away from this crazy company even if we can pay the exorbitant amount they demand. After reading all the rip-off reports on them, I don't trust them anyway.We're serious about the class action suit. I've only hit the highlights of our problems with them.
Meg Burleson, Texas U.S.A.
From: http://www.ripoffreport.com/reports/0/396/RipOff0396544.htm
Wednesday, November 5, 2008
Ocwen ripoff steals money lies changes mortgage paper Olando florida
Ocwen bought my loan at a 7% rate i owed 80 thousand dollars on a house that was only worth about 50 thou but to get the loan they told me it was worth 90 thousand they did not do a good appraise on it she asked me question i was paying 650 a month then in 03 Ocwen boought my loan i did not pay to much attention to it i just had them to take the payment out of my account i was very ill (still am) and medicaial bills and credit bill student loans were piling up so i filed bankruptcy in 05 just on medical and credit cards the house and my daughter car was ok they will be paid on time went to court in Feb in april i notice Ocwen send me a pass due notice for march and April i called them and said what happen to my auto withdrawl they said no we can]t take the money out of your acount i said ok i will send you a check they said no we don't want your checks so and they said they need extra the late fees so i talked to a lady in may and she said send a cashier check and make them sign she was the only one who could speak good english and she said .so i did and i paid a month ahead they took the payment and kept a month and a half for their lawyer i said why i did not file bankr against you and he said prove it and laught so we did the next month they went up i said i have a fixed rated he said no you don't we make the rules the next month they went up again so now i am at 12% i have been fighting them for four year ..i was told (i dont know why you peoples buy house you can't afford. now they report i filed bankruptcy andand the called another credit and told them they are suppose to put that i filed bankruptcy and they said she didnt and he said you suppose to put it in your report so now my daughter credit is messed up her car was paid off but her credit is bad..the car people only reported it to one credit bur..all the rest they said good never late paid off.. i ask they why they listen to Ocwen and they hung up.. so now Ocwen take their sweet time applying my payment totheir books i pay over the interest and they say they did not get it they never gave me back my money and my lawyer proved to them i did not file against they stole more money and said it was for late charges now i am always 22 day late because with a ss check i can not afford a 900 dollar house note they said i owe 86,000 dollars and they do not have my loan papers they wanted me to fill out another one and i said no the Mortgage comp i had before i only owed 80 th.. they make their own rules lies and all..and they fired the lady for helping me she gave me this info i will not tell you her name but they do their employer bad to and c s have to be mean to the customs i proved everything and they want play ball
JoyceGary, Indiana U.S.A.
JoyceGary, Indiana U.S.A.
Thursday, October 16, 2008
Ocwen Financial Filed fraudelent credit report stating they forclosed on me and they refuse to fix it. They got paid there money, but won't admit it.
This company bought my son's loan from Ameriquest. I was the co-signer. When Ocwen got it all of a sudden I was the only signer. The property became involved in a legal battle with family and they illegally added their names to the deed. I no longer had legal rights and never got a dime of the piece of property. Wasn't even a mortgage. Ocwen told my son they would wait for the sale to go through, but threatened all the time. The sale went through, I got nothing. Ocwen because of false lien filing (filed on someone elses property) still reported on my credit that they foreclosed. I sent them a copy of the letter they sent me stating it was paid in full, I sent them a copy of the settlement statement stating it was paid in full and still they won't take it off my credit. Its like a personal vendetta against me, because I want to refinance and they want me to continue paying the price of their ignorant hate. They actually hate white people and women, I am both. That to me is discrimination and they should be held accountable for that. They are all from India and think they are the superior race. Business is supposed to be non discriminate. Their practices are very shady. If the government bailed them out, we know who the government prefers out of country businesses.
LaurieFallon, NevadaU.S.A.
From: http://www.ripoffreport.com/reports/0/382/RipOff0382035.htm
LaurieFallon, NevadaU.S.A.
From: http://www.ripoffreport.com/reports/0/382/RipOff0382035.htm
Wednesday, October 8, 2008
Ocwen Mortgage Company In Florida.... They are a scam & will act like they want to help & turn you DOWN!!!!
It was a big mistake for our original loan company to sell our loan to Ocwen, they are no help they charge you falsifying late fees and they send you millions of letter stating that they are there to listen and help you with your financial problems. Back in June my husband lost his job and we were left with only one income, which is when we started having major financial problems so we put our home for sale in October of 2007. We didn't get anyone coming to see our home, so I called and asked for a hardship packet in December and nothing came, in January I called again and nothing came, in that same month we put our home for a short-sale and nothing, no one came. Our agent tried to contact them but would get the run around and the reps were hard to understand. I finally called them and they told me that because I was only two months behind they couldn't help me and that if I got the hardship packet my payments would not go down that much. I stop making my payment in Feb. 2008. They are not willing to help, they give me this option to pay a down payment and two installments but they lied by giving me the figures that didn't include property taxes. I called and asked for help a fourth time and they told me, “Put if for sell," I said I did, they said, “well short-sell it," I said I did, they said, “well that is all we can do for you." I can't afford the high interest rate, nor the high payments, we have 3 children, and they won't help…but still keep on sending these letter of how much they are there to listen & help. They are a joke, I am so over losing my home, its just really sad to see my children go through this.
GloMoreno Valley, CaliforniaU.S.A.
From: http://www.ripoffreport.com/reports/0/379/RipOff0379085.htm
GloMoreno Valley, CaliforniaU.S.A.
From: http://www.ripoffreport.com/reports/0/379/RipOff0379085.htm
Saturday, September 27, 2008
OCWEN Financel-Loan Servicing HOUSE STOLEN BY OCWEN THEY OWN IT NOW I WANT IT BACK
I have read most of the reports filed and I am amazed to find out that OCWEN has done the same thing to so many people. When ocwen took over my loan I was paying $1600.00 a month payments Then they tacked on over $200.00 more a month for ins. I already had. After many calls without no response I fell behind on my payments. OCWEN put my house in foreclosure. I contacted them and got a modification. They lowered my payments to $1360.00 a month which they told me included a escrow account to pay ins. prop. taxes. They told me that this Modification would cost me $2000.00 which was hard to come up with in 2 days to save my house. After paying the mod. cost I had 20 days to come up with the first payment I was 1 week late on this payment which made me 1 week late on the other payments. After 3 months I got a letter from the county saying that they were going to sell my house for late taxes. I went down to pay the taxes and called ocwen to find out why they didn't pay my taxes out of an escrow that they got from my previous lender they told me that they used the money from that account to pay the Ins. that they added on. they told me that because I payed my taxes that I could have a 30 day extension to make my next payment. During this time they told me that I had defaulted on the modification because my payments were late. I tried to work out another modification with them and they told me that a Patti Goemaz was going to work it out. I called them a number of times to talk to this Patti Goemaz and all I got was her voice mail. My call to them on Sept.10 I was told that the house was to be sold on Sept.11 I called on Sept.11 and was told that Patti Goemaz was working on another mod. The house was sold on Sept.12 to a Representative of ocwen because no one showed up for the sale. The reason no one showed up is because the sale was not published. So ocwens rep. Got my house for $1000.00. I have left some of the details out but I think we all know that I got screwed by ocwen.What I need & we all need is some HELP! with this so maybe we can save our homes and in my case get my home back. I would sure like to know what I can do.
JimCrescent City, CaliforniaU.S.A.
from: http://www.ripoffreport.com/reports/0/376/RipOff0376467.htm
JimCrescent City, CaliforniaU.S.A.
from: http://www.ripoffreport.com/reports/0/376/RipOff0376467.htm
Friday, September 19, 2008
Ocwen Loan Servicing Unethical Practices/ Thiefs/ Incompetent/ Foreign Orlando Florida
Two years ago we refinanced our loan in efforts to reduce our interest rate. Instead, we were naively roped into a refinance that was eventually bought by Ocwen Loan Servicing. In addition to a ridiculously high interest rate (8.875%), Ocwen had the audacity to call us during our most recent refinance, to tell us that we were late for a payment when they in fact; the loan had been paid off in its entirety. Since the beginning of our most recent refinance, Ocwen has repeatedly, through multiple foreign customer service representatives, lied to us about sending our insurance company to the Escrow amount. Maybe because it's difficult for them to understand the English language, I don't know; however, I do know that it is NOT okay to lie about providing services that they should have followed through on and not kept documentation of our requests. Long story short, my family is waiting for approximately $950 that is rightfully ours and Ocwen refuses to issue right away. Ultimately, they are dishonest, thiefs, that are taking American jobs away from American workers! Something has got to be done!
KimberlyDenver, ColoradoU.S.A.
from: http://www.ripoffreport.com/reports/0/374/RipOff0374479.htm
KimberlyDenver, ColoradoU.S.A.
from: http://www.ripoffreport.com/reports/0/374/RipOff0374479.htm
Thursday, August 21, 2008
Ocwen Loan Servicing Company offered forbearance to resolve difficult arm loan and filed foreclosure default the next day
In 2006, I purchased a home in California. Shorly afterwards, my loan was taken over by Ocwen. It was an adjustable rate loan set to increase after two years. Once the loan was about to go up, I found that refinancing was very difficult due to a drastic drop in home values in this area.I began to fall behind in my payments and Ocwen offered a loan modification and forebearance option which I agree to accept. Ocwen required a cash amount of $2400 be sent via Western Union on Oct 23rd to reset my loan back to a current status and eliminate any possibility of a pending default being filed(according to them). After wiring the 2400 dollars on October 23rd, Ocwen in fact filed the foreclosure default the very next morning October 24th. They havent returned the money and they ordered the house to be auctioned off. I am facing having to live without a home for a very long time with ruined credit and very soon a sheriff will be dispatched to my house to enforce the fraud which I believe Ocwen has committed against me. I have filed a report with the department of corporations and Ocwen responds with irrelevant information with no bearing on the problem.If anything can be done to help me, please contact me.
Robertturlock, CaliforniaU.S.A.
From: http://www.ripoffreport.com/reports/0/365/RipOff0365627.htm
Robertturlock, CaliforniaU.S.A.
From: http://www.ripoffreport.com/reports/0/365/RipOff0365627.htm
Thursday, June 26, 2008
Ocwen lied, deceptive, theives Centreville Alabama
the loan was approved for the payoff, but ocwen would never give us the payoff. our lawyers were talking and we were talking to ocwen's broker, who stated that he could not understand why ocwen did not except the payoff. because ocwen would make more money on it. then suddenly we were told to get out of the house. all this time we were thinking that a payoff was just around the corner. we were also informed that we were dealing with someone in india. this was told to us by their lawyers. who also tried to get their client to except the payoff. ocwen lied and said they were never informed of the approved loan. so, our family was kicked out of the only home we ever knew. someone please help us.
June centreville, Alabama U.S.A.
From:http://www.ripoffreport.com/reports/0/344/RipOff0344776.htm
June centreville, Alabama U.S.A.
From:http://www.ripoffreport.com/reports/0/344/RipOff0344776.htm
Sunday, June 8, 2008
OCWEN SCAM Katy Texas
Katy, TX
Ocwen has ruined my life now!
I found out I had an ARM in December of 2007. I started their loan modifacation process at the end of Febuary.In April I sent them my deposit to show my agreement with the plan and sent in the loan agreement with the check. I called them to confirm it was received after the check cleared my bank. They said yes. That was on May 2nd.Now its june and it still is not done.
I called Monday June 2nd and they told me that the agreement was not received and that becasue of that the modification is now VOID. and then hung up the phone I had to call back and then the modifcation dept was experianceing high call volume and I would have to leave a message and someone would call me back. It had been 6 hours to find this out by the time someone could talk to me. After I had been on hold and then disconnected on. I did however have someone count how many times I called since May 2nd. It was 16 times. I asked them to read word for word what was in the notes on May 2nd. Of course it was me called to make sure everything was received.
Well then Tuesday of course I never received a call back and so I tried to call again. I talked to a supervisor and they said it was not received either. I had him read May 2nd notes and he said that they callled me to notify me that the loan agreement was not received.
They are lieing to me and changing their stories. I dont know what to do. I am trying to contact lawyers and get help. It is soo expensive though. Any comment or words of advice would be very helpful
KimberlyKaty, TexasU.S.A.
from: http://www.ripoffreport.com/reports/0/337/RipOff0337422.htm
Ocwen has ruined my life now!
I found out I had an ARM in December of 2007. I started their loan modifacation process at the end of Febuary.In April I sent them my deposit to show my agreement with the plan and sent in the loan agreement with the check. I called them to confirm it was received after the check cleared my bank. They said yes. That was on May 2nd.Now its june and it still is not done.
I called Monday June 2nd and they told me that the agreement was not received and that becasue of that the modification is now VOID. and then hung up the phone I had to call back and then the modifcation dept was experianceing high call volume and I would have to leave a message and someone would call me back. It had been 6 hours to find this out by the time someone could talk to me. After I had been on hold and then disconnected on. I did however have someone count how many times I called since May 2nd. It was 16 times. I asked them to read word for word what was in the notes on May 2nd. Of course it was me called to make sure everything was received.
Well then Tuesday of course I never received a call back and so I tried to call again. I talked to a supervisor and they said it was not received either. I had him read May 2nd notes and he said that they callled me to notify me that the loan agreement was not received.
They are lieing to me and changing their stories. I dont know what to do. I am trying to contact lawyers and get help. It is soo expensive though. Any comment or words of advice would be very helpful
KimberlyKaty, TexasU.S.A.
from: http://www.ripoffreport.com/reports/0/337/RipOff0337422.htm
Friday, May 9, 2008
Ocwen Loan Servicing, LLC totally horrified i had no ideal companies like this exist my mortgage was sold to Ocwen 2t years ago I was injured i
Ocwen Loan Servicing, LLC totally horrified i had no ideal companies like this exist my mortgage was sold to Ocwen 2t years ago I was injured in the US Army and underwent major surgery affecting me to this date I was just entering into my second month of a late payment when Ocwen called me threatening to foreclose on me I explained my situation to one of their agents and sent my payment in my check was sent back with a Orlando Florida
From: http://www.ripoffreport.com/reports/0/331/RipOff0331781.htm
Ocwen is a horrible company to deal my mortgage was sold to them 2t years ago I was injured in the US Army and underwent major surgery causing complication to this date. I entered into my second month of delinquency I was able to get a money order in the mail to Ocwen and it was sent back to me stapled to a financial report demanding that I complete this form so I did and at the same time I was called and asked a million questions over the telephone and was told oh you can afford a much higher mortgage payment I can complete a foreberance for you with an escrow and at the end of the 12 month foreberance you mortgage payment will reduce back to the original amount and you will have cash in you escrow. So I went for it and noticed after I paid 2500.00 down on this foreberance I still continued to get statements with late fees, attorney's fees, search title fees and the list goes on and I checked the bureau and my payment history was a mess I was reported over 30. 60. and 90 days late on my moetgage history so I called Ocwen only to get someone I could not understand there was a language barrier and he would not put anyone else on the telephone. I CALLED BACK AND GOT SOMEONE TO TELL me a mass of lies. after the 12 month foreberance period I was sent another financial form to be completed and 2 options, a repayment plan or listing my property for sale consequences loss of prperty, Damaged credit rating, deficiency liability, and tax ramifications. I was never given an answer as to where all my extra money went Ocwen could not produce a itimized bill and to this date Ocwen is trying to raise my mortgage payment again and force me to complete another financial report what can I do they has scared my credit and lowered my scores to the point were I cannot get a refi nor a new mortgage therefore i'm stuck with no way out what can a man do when he is striped of all his rights and dignity.
Hankhaskell, OklahomaU.S.A.
From: http://www.ripoffreport.com/reports/0/331/RipOff0331781.htm
Ocwen is a horrible company to deal my mortgage was sold to them 2t years ago I was injured in the US Army and underwent major surgery causing complication to this date. I entered into my second month of delinquency I was able to get a money order in the mail to Ocwen and it was sent back to me stapled to a financial report demanding that I complete this form so I did and at the same time I was called and asked a million questions over the telephone and was told oh you can afford a much higher mortgage payment I can complete a foreberance for you with an escrow and at the end of the 12 month foreberance you mortgage payment will reduce back to the original amount and you will have cash in you escrow. So I went for it and noticed after I paid 2500.00 down on this foreberance I still continued to get statements with late fees, attorney's fees, search title fees and the list goes on and I checked the bureau and my payment history was a mess I was reported over 30. 60. and 90 days late on my moetgage history so I called Ocwen only to get someone I could not understand there was a language barrier and he would not put anyone else on the telephone. I CALLED BACK AND GOT SOMEONE TO TELL me a mass of lies. after the 12 month foreberance period I was sent another financial form to be completed and 2 options, a repayment plan or listing my property for sale consequences loss of prperty, Damaged credit rating, deficiency liability, and tax ramifications. I was never given an answer as to where all my extra money went Ocwen could not produce a itimized bill and to this date Ocwen is trying to raise my mortgage payment again and force me to complete another financial report what can I do they has scared my credit and lowered my scores to the point were I cannot get a refi nor a new mortgage therefore i'm stuck with no way out what can a man do when he is striped of all his rights and dignity.
Hankhaskell, OklahomaU.S.A.
Tuesday, March 18, 2008
Ocwen Federal Bank Who's Watching Ocwen?
From: http://www.ripoffreport.com/reports/0/318/RipOff0318559.htm
First I would like to say I am an employee of Ocwen Federal Bank so I know what goes on inside the walls of the REO division located in Orlando Florida. In my opinion, based on my many years of employment and eye witness accounts, I believe Ocwen Federal Bank is corrupt to the core and their entire culture is based on corruption. Unfortunately Ocwen is also responsible for liquidating foreclosures for the United States Department of Veterans Affairs. During my employment at Ocwen I have witnessed a flagrant and may I add arrogant disregard for the law, the American public and Department of Veterans Affairs. Mike Moreland who is also a complete buffoon has run the VA REO Department and regular REO Dept. at Ocwen Federal Bank as his own little investment club. He and a select few of Ocwen employees have used the REO departments including VA to obtain kickbacks from real estate agents all over the country. I can only imagine that the kickbacks range in the tens of thousands if not hundreds of thousands. Those employees in charge of distributing the assets and liquidating the assets often referred to as Residential Sales Managers receives these kickbacks from participating real estate brokers all over the US by way of P.O. Boxes that have been set up to help conceal their crimes. Most of These Residential Sales Managers are not licensed real estate agents or brokers yet they illegally accept commissions from Real Estate Brokers and in return these Real Estate Brokers are provided with the bulk of the most favorable VA and regular REO listings which are the ones in the best conditions with favorable pricing. I have witnessed RSM's disclose to brokers and investors willing to pay kickbacks, the minimum bids for these properties and I have also seen RSM's ignore higher bids to sell properties to preferred brokers and their clients in return for kickbacks. I have seen RSM's use tax payer money provided by VA to fix up properties so these properties can be purchased by friends in return for kickbacks and I have witnessed RSM,s turn around and purchase these homes for themselves and later sell them for huge profits. The third party purchasers are used to conceal the fraud, however if you know what properties were sold you can follow the public records and see that the properties changed hands more than once over the course of a few months and were ultimately purchased by an RSM that works for Ocwen. Honest Real Estate Brokers who do not agree to pay illegal kickbacks will get few or no properties to sell and the ones they do get will be the hardest to sell properties because of condition, location or price. This has been going on for many years at Ocwen and when I/we first approached Mike Moreland about the suspected fraud we were told to mind our own business. We were also approached by the RSM,s committing the fraud and told to keep our mouths shut if we know what was good for us. Those of us who have already resigned from Ocwen because we were tired of the ongoing corruption and favoritism have been giving bad or no references by Ocwen when we applied for jobs elsewhere and have been blackballed from the REO business by most Major REO companies and Banks. Recently several of the employees at Ocwen were let go after enough people complained about their corruption however with the help and support of Mike Moreland and Ocwen these corrupt employees have been able to obtain secure high paying REO jobs at the very same REO companies and Banks that have participated in the blackballing of honest REO managers. . I have no doubt that Mike Moreland himself and others have profited from this illegal activity for many years. Why else would he ignore the fraud and tell us to mind our own business. Shame on VA for giving a government contract to a company that has been sued and is under investigation for so many crimes and injustices. And shame on thos REO companies and Banks that have blackballed so many good and honest REO managers and employees. Is our Government, Banks and Justice system completely indifferent to Justice or are they just for sale to the highest bidder. I will soon leave Ocwen because I am sick of lies, the deceit and the fraud. I would also like to add this note to my comments. Shame Shame Shame on our Government and the Department of Veterans Affairs for giving a government contract, paid for by hard working American taxpayers, to Ocwen Federal Bank who has an entire and very successful department I might add, dedicated to helping American corporations send American jobs overseas. Let me ask you this corporate Geniuses, what are you going to do when Americans can no longer afford your products and services because you sent all of our jobs overseas?
Anonymous orlando, FloridaU.S.A.
First I would like to say I am an employee of Ocwen Federal Bank so I know what goes on inside the walls of the REO division located in Orlando Florida. In my opinion, based on my many years of employment and eye witness accounts, I believe Ocwen Federal Bank is corrupt to the core and their entire culture is based on corruption. Unfortunately Ocwen is also responsible for liquidating foreclosures for the United States Department of Veterans Affairs. During my employment at Ocwen I have witnessed a flagrant and may I add arrogant disregard for the law, the American public and Department of Veterans Affairs. Mike Moreland who is also a complete buffoon has run the VA REO Department and regular REO Dept. at Ocwen Federal Bank as his own little investment club. He and a select few of Ocwen employees have used the REO departments including VA to obtain kickbacks from real estate agents all over the country. I can only imagine that the kickbacks range in the tens of thousands if not hundreds of thousands. Those employees in charge of distributing the assets and liquidating the assets often referred to as Residential Sales Managers receives these kickbacks from participating real estate brokers all over the US by way of P.O. Boxes that have been set up to help conceal their crimes. Most of These Residential Sales Managers are not licensed real estate agents or brokers yet they illegally accept commissions from Real Estate Brokers and in return these Real Estate Brokers are provided with the bulk of the most favorable VA and regular REO listings which are the ones in the best conditions with favorable pricing. I have witnessed RSM's disclose to brokers and investors willing to pay kickbacks, the minimum bids for these properties and I have also seen RSM's ignore higher bids to sell properties to preferred brokers and their clients in return for kickbacks. I have seen RSM's use tax payer money provided by VA to fix up properties so these properties can be purchased by friends in return for kickbacks and I have witnessed RSM,s turn around and purchase these homes for themselves and later sell them for huge profits. The third party purchasers are used to conceal the fraud, however if you know what properties were sold you can follow the public records and see that the properties changed hands more than once over the course of a few months and were ultimately purchased by an RSM that works for Ocwen. Honest Real Estate Brokers who do not agree to pay illegal kickbacks will get few or no properties to sell and the ones they do get will be the hardest to sell properties because of condition, location or price. This has been going on for many years at Ocwen and when I/we first approached Mike Moreland about the suspected fraud we were told to mind our own business. We were also approached by the RSM,s committing the fraud and told to keep our mouths shut if we know what was good for us. Those of us who have already resigned from Ocwen because we were tired of the ongoing corruption and favoritism have been giving bad or no references by Ocwen when we applied for jobs elsewhere and have been blackballed from the REO business by most Major REO companies and Banks. Recently several of the employees at Ocwen were let go after enough people complained about their corruption however with the help and support of Mike Moreland and Ocwen these corrupt employees have been able to obtain secure high paying REO jobs at the very same REO companies and Banks that have participated in the blackballing of honest REO managers. . I have no doubt that Mike Moreland himself and others have profited from this illegal activity for many years. Why else would he ignore the fraud and tell us to mind our own business. Shame on VA for giving a government contract to a company that has been sued and is under investigation for so many crimes and injustices. And shame on thos REO companies and Banks that have blackballed so many good and honest REO managers and employees. Is our Government, Banks and Justice system completely indifferent to Justice or are they just for sale to the highest bidder. I will soon leave Ocwen because I am sick of lies, the deceit and the fraud. I would also like to add this note to my comments. Shame Shame Shame on our Government and the Department of Veterans Affairs for giving a government contract, paid for by hard working American taxpayers, to Ocwen Federal Bank who has an entire and very successful department I might add, dedicated to helping American corporations send American jobs overseas. Let me ask you this corporate Geniuses, what are you going to do when Americans can no longer afford your products and services because you sent all of our jobs overseas?
Anonymous orlando, FloridaU.S.A.
Tuesday, February 26, 2008
Ocwen Loan Servicing - US National Bank As Trustee For Morgan Stanley Dean Dean Witter Capital Forced into Foreclosure, Deceptive Practices, Lying
Ocwen Loan Servicing - US National Bank As Trustee For Morgan Stanley Dean Dean Witter Capital Forced into Foreclosure, Deceptive Practices, Lying about information, Misinformation, Outrageous, Unexplainable Fees, Horrible Company, Representatives in Foreign Countries that can barely speak English, Ripoff, Orlando Florida
From: http://www.ripoffreport.com/reports/0/312/RipOff0312018.htm
We bought our home almost 14 years ago (June 1994) with a payment of $598 including taxes & insurance. We were doing fine, so we decided to refinance to get my father's name off of the mortgage. BAD IDEA!! Since September 2001 we have had nothing but problems because of Ocwen Loan Servicing. Our payments skyrocketed. In 2003 when my doctor told me to quit my high stress job things got even worse and we got behind. Well, since then we have been trying to deal with this deceptive company to save our home for our four children. Most recently, they were making us pay $1,298 per month not even including taxes and insurance. When I called them to ask about loan modification (adding to the end of our loan, reducing the interest rate, anything to LOWER the payment) I was told to fill out paperwork and fax it in. Well, I did as I was instructed and their solution was that we pay them a lump sum $3,000 and monthly payments of $1,387! What the heck?!? I faithfully asked for their help, and they screwed us again! I said forget it, we will just continue with what we were paying since that was almost $100 less per month. Oh, NO, you cannot do that because you were taken off of that plan when you requested loan modification! I was NEVER INFORMED of that! So, you know what?? I am not giving this company another penny of my money. We bought our home in 1994 for $71,117 and 14 years later Ocwen Loan Servicing says that we owe them over $106,000! They will not work with me in any way, so I will not deal with them any longer. They are a horrible, deceptive company and are stealing peoples' hard earned money and homes. I only hope that something good comes from this. We are in our home right now, but if we have to move we will. I refuse to give this evil company any more of my hard earned money. If they want our home instead of trying to work with us, so be it. I would rather move than to give in to their deception and lies.
MerjBROKEN ARROW, OklahomaU.S.A.
From: http://www.ripoffreport.com/reports/0/312/RipOff0312018.htm
We bought our home almost 14 years ago (June 1994) with a payment of $598 including taxes & insurance. We were doing fine, so we decided to refinance to get my father's name off of the mortgage. BAD IDEA!! Since September 2001 we have had nothing but problems because of Ocwen Loan Servicing. Our payments skyrocketed. In 2003 when my doctor told me to quit my high stress job things got even worse and we got behind. Well, since then we have been trying to deal with this deceptive company to save our home for our four children. Most recently, they were making us pay $1,298 per month not even including taxes and insurance. When I called them to ask about loan modification (adding to the end of our loan, reducing the interest rate, anything to LOWER the payment) I was told to fill out paperwork and fax it in. Well, I did as I was instructed and their solution was that we pay them a lump sum $3,000 and monthly payments of $1,387! What the heck?!? I faithfully asked for their help, and they screwed us again! I said forget it, we will just continue with what we were paying since that was almost $100 less per month. Oh, NO, you cannot do that because you were taken off of that plan when you requested loan modification! I was NEVER INFORMED of that! So, you know what?? I am not giving this company another penny of my money. We bought our home in 1994 for $71,117 and 14 years later Ocwen Loan Servicing says that we owe them over $106,000! They will not work with me in any way, so I will not deal with them any longer. They are a horrible, deceptive company and are stealing peoples' hard earned money and homes. I only hope that something good comes from this. We are in our home right now, but if we have to move we will. I refuse to give this evil company any more of my hard earned money. If they want our home instead of trying to work with us, so be it. I would rather move than to give in to their deception and lies.
MerjBROKEN ARROW, OklahomaU.S.A.
Monday, February 4, 2008
Ocwen Loan Servicing, Forcefully pushing me out of my home Orlando Florida
From: http://www.ripoffreport.com/reports/0/305/RipOff0305969.htm
Ocwen has pushed me to my limits, calling and harassing me. Not trying to help me at all. I called them several times wanting the proper forms to sell the house or get a loan modification for the house, they never responded until 4 months and 4 payments behind latter. To pacify me when I call they would lie and say the paper work was in the mail or they'd say we emailed it to you. I had to go thru that for months. They accepted a refinance loan from my very ill mother (who past in Nov of 2007) over the phone and that is illegal. My mother was a victim of predatory lending. Because she refinanced in 2006 I don't know if there is anything we can do about it. They appraised our home for far much more than it was worth at $115K and it is only worth $70K. My mother died thinking that she refinanced out of an adjustable into a fixed however that was not the case she actually has another adjustable on top of that it is interest only. There was no contract just a verbal agreement. I am so angry how could they get away with this.Jackiecincinnati, OhioU.S.A.
Ocwen has pushed me to my limits, calling and harassing me. Not trying to help me at all. I called them several times wanting the proper forms to sell the house or get a loan modification for the house, they never responded until 4 months and 4 payments behind latter. To pacify me when I call they would lie and say the paper work was in the mail or they'd say we emailed it to you. I had to go thru that for months. They accepted a refinance loan from my very ill mother (who past in Nov of 2007) over the phone and that is illegal. My mother was a victim of predatory lending. Because she refinanced in 2006 I don't know if there is anything we can do about it. They appraised our home for far much more than it was worth at $115K and it is only worth $70K. My mother died thinking that she refinanced out of an adjustable into a fixed however that was not the case she actually has another adjustable on top of that it is interest only. There was no contract just a verbal agreement. I am so angry how could they get away with this.Jackiecincinnati, OhioU.S.A.
Tuesday, January 29, 2008
Ocwen IS A MONSTER WE NEED TO FILE SUITS NOW TO PUT THEM OUT OF BUSINESS! Orlando Florida
From: http://www.ripoffreport.com/reports/0/303/RipOff0303985.htm
Folks, look at what this company is doing. Horror story after horror story! It is time we banded together somehow and filed a class action suit against these clowns. Especially now, during this political year where 'subprime, predatory lending' is part of the political hot-topics. Especially now, since the subprime crisis in this country has finally opened the ears of legislatures.
For YEARS, Ocwen has been destroying people's lives. It is part of their business plan. Look, right here, on this website alone, we have over 1300 horror stories. What percentage of Ocwen's total customer base do you think that comprises? And what about the thousands of individuals who have been ruined but who haven't come to this site.
I am willing to join ANY legal action against Ocwen. ANYthing!!
They attacked me about 5 years ago. I had refinanced my home in April. Two months later, the lending institution sold the loan to Ocwen. And immediately, the nightmare began. False reporting, service reps living in India taking my calls...and hanging up on me as a regular protocol. I paid on the first of every month beginning the very month Ocwen notified me that they were the new servicers of my loan. 6 months later, it was brought to may attention that they had been reporting the loan deliquent 90 days EVERY MONTH SINCE THEY TOOK IT OVER!! My credit went from 700-someting to the mid-500's. My house started getting threatened with foreclosure!
One day, one of the reps from India called me up at 5 pm and said, 'If you don't pay $8000 by tonight, we are going to foreclose on you.' I panicked! It was too late to go to the bank, but I figured I could do it the next day. He said 'No.' As I was trying to explain the TIME DIFFERENCE to him, he hung up. I called back all night long..and he or other reps kept hanging up on me.
The next day, in an absolute panic, I went to the bank, got $8000, and sent it to them in a Moneygram (the only type of payment they will accept when you're 'delinquent,' by the way).
The nightmare continued long long long after that. For two full years! I finally got a company who understood Ocwen's tactics to refinance me the hell out of there!
But their service and the trauma they put me through I have never forgot.
If there is a lawsuit out there, I will join! I will START one if a lawyer contacts me.
Ocwen needs to be put out of business! They need to be made Public Enemy #1 and ridiculed on the front of every magazine.
Look what a group of New York Legislatures did to Signature Compounding Pharmacy. When the Steroid scare in the major leagues became a household buzzword, these legislatures went into Florida and all but burned Signature to the ground. They have the power to do so. We need to get them doing that to Ocwen. This company has to be made an example of, an example that says, 'THIS IS AMERICA! And the minute it becomes your business practice to harass and terrorize our citizens, your business is going to be hammered into complete non-existence.
I am in! Just lead me in the right direction.
ThomasSaginaw, MichiganU.S.A.
Folks, look at what this company is doing. Horror story after horror story! It is time we banded together somehow and filed a class action suit against these clowns. Especially now, during this political year where 'subprime, predatory lending' is part of the political hot-topics. Especially now, since the subprime crisis in this country has finally opened the ears of legislatures.
For YEARS, Ocwen has been destroying people's lives. It is part of their business plan. Look, right here, on this website alone, we have over 1300 horror stories. What percentage of Ocwen's total customer base do you think that comprises? And what about the thousands of individuals who have been ruined but who haven't come to this site.
I am willing to join ANY legal action against Ocwen. ANYthing!!
They attacked me about 5 years ago. I had refinanced my home in April. Two months later, the lending institution sold the loan to Ocwen. And immediately, the nightmare began. False reporting, service reps living in India taking my calls...and hanging up on me as a regular protocol. I paid on the first of every month beginning the very month Ocwen notified me that they were the new servicers of my loan. 6 months later, it was brought to may attention that they had been reporting the loan deliquent 90 days EVERY MONTH SINCE THEY TOOK IT OVER!! My credit went from 700-someting to the mid-500's. My house started getting threatened with foreclosure!
One day, one of the reps from India called me up at 5 pm and said, 'If you don't pay $8000 by tonight, we are going to foreclose on you.' I panicked! It was too late to go to the bank, but I figured I could do it the next day. He said 'No.' As I was trying to explain the TIME DIFFERENCE to him, he hung up. I called back all night long..and he or other reps kept hanging up on me.
The next day, in an absolute panic, I went to the bank, got $8000, and sent it to them in a Moneygram (the only type of payment they will accept when you're 'delinquent,' by the way).
The nightmare continued long long long after that. For two full years! I finally got a company who understood Ocwen's tactics to refinance me the hell out of there!
But their service and the trauma they put me through I have never forgot.
If there is a lawsuit out there, I will join! I will START one if a lawyer contacts me.
Ocwen needs to be put out of business! They need to be made Public Enemy #1 and ridiculed on the front of every magazine.
Look what a group of New York Legislatures did to Signature Compounding Pharmacy. When the Steroid scare in the major leagues became a household buzzword, these legislatures went into Florida and all but burned Signature to the ground. They have the power to do so. We need to get them doing that to Ocwen. This company has to be made an example of, an example that says, 'THIS IS AMERICA! And the minute it becomes your business practice to harass and terrorize our citizens, your business is going to be hammered into complete non-existence.
I am in! Just lead me in the right direction.
ThomasSaginaw, MichiganU.S.A.
Sunday, January 27, 2008
Ocwen Loan Servicing Ocwen Loan Servicing refused to help me in the past year, now I am bring foreclosed on. Orlando Florida
From: http://www.ripoffreport.com/reports/0/303/RipOff0303805.htm
My experience with Ocwen has been a nightmare. I refinanced my home in August 2004. I went through a company called Lower My Bills, and I worked with a guy who ended up getting a loan for me. The lender was Freemont Investments (aka – Sub Prime Monster #1 “ filed bankruptcy or went out of business). I was aware I had signed an adjustable rate mortgage, but I was assured by the lender I could refinance in two years.
My home was appraised at $342,000. The loan was for a first and second mortgage, for the total amount of $342,000. In the spring of 2005, Freemont sold the two mortgages, one to Ocwen (the first mortgage) the second to Wilshire Credit. In the early spring of 2006, I called Ocwen to talk about the possibility of refinancing my ARM, as I knew the rate would go up in October 2006, just six months from then. I called customer service, and the person I spoke to did not speak very good English, and had no interest in helping me. I was told by this person that Ocwen could not refinance me, because they were not the 'Originator' of my loan, just 'Servicing' my loan.
I then began the long crusade of trying to find someone to refinance this loan. For various reasons, I could not find another lender to re-finance, and I knew my time was running out. I repeatedly called Ocwen, and got the same response, no one who could speak English, and I was told I could not get re-financed or have my loan re-modified, nor was I eligible for any other service from Ocwen.
My ARM started going up October 1, 2006. My rate went from 5.795% to 8.795%, 3 full points, and the payment went from $1669.00 to $2200.00 a month. This was impossible for me to pay, and I found myself juggling all my bills to pay the mortgage. I also had a second mortgage at $583.00 a month to pay. I fell behind, and struggled so hard for the next few months, just trying to pay the mortgage.
I was in default by January, and was told I was going to be foreclosed on, and received notices regarding that. I was able in mid March, to repay the back mortgage in arrears; from a portion of a bonus split I get from my X-husband and our divorce decree court order…I sent a certified bank check for over $10,000 overnight. I called everyday for 4 days to find out if that check was posted to my account, and I was told that just because I sent it overnight it, that it wasn't guaranteed to post the next day. It was 4 days before they posted it, although it was signed for the next day after I sent it. I was so pissed off I told the NON English speaking person off so bad I was crying.
They had no problem harassing me when I was late with a payment, but they let a $10,000 plus payment sit on someone's desk for 4 days, and I got charged 4 days late fees. Having gotten caught up with that, I was able to make the next several payments. Even though the second hit of my ARM went up in April 1, 2007, from 8.795% to 10.795%, from $2200.00 a month to $2500.00 a month.
Again, I called, and pleaded with the NON English speaking customer service person and begged for help. I asked if I could split my payments, to be paid on the 15th and 30th, as this would help me because I had so many other bills. They gave me a number to call, saying this was a department that accepted bi-monthly mortgage payments.
I called the number and the woman who answered said they could help me-if I gave them an extra months mortgage payment in advance, and then there would be an extra 300.00 a month on top of the escalating payment, this was so I could pay off my mortgage sooner! I flipped out. I screamed at the woman and told her that I was calling for help, and what kind of help was that?
I hung up. Feeling defeated, I just kept calling Ocwen, asking for the Forbearance office, they would never transfer me. All they would say is 'when are making a payment' or 'when you get caught up with your payments we can talk. I was told I could do a 'short sale' and that they would send out the information right away, and they never did. I was told different things by different NON English speaking people. I told them that their website boasted of being able to help customers with issues like mine, and I got told over and over again to go find another lender to help.
When I asked them what determines what makes my mortgage go up every six months at the rate it was, I was told to go look on the internet, or 'you signed the papers, it your problem'. I struggled through the summer, making the mortgage payments, but at the cost of my other bills. I fell so far behind, and in order to keep my home for myself and my two children, I filed for Bankruptcy in Illinois. September 14, 2007. I was eligible for a Chapter 7, and was granted a discharge, December 18, 2007.
This only delayed the inevitable for a short time. Ocwen petitioned the court to have the Automatic Stay lifted, and the court date was October 26, 2007. In their petition, they misrepresented me by saying my home was in decline, and I had no homeowners insurance on it. My home is beautiful and well maintained, and I have had, and still have Allstate Insurance on my home. I NEVER received a piece of information regarding if the stay had been lifted or not, even though I was on the service list.
I just received a letter dated January 9th from some law firm in Chicago, telling me they were going to sue me for foreclosure within 30 days. Ocwen used two different law firms for the lifting of the stay and the suing of foreclosure. I am hoping to do a short sale so I don't have to go through this horrible situation. (Foreclosure)
Ocwen has treated me like I was a low life, not wanting to help me, lying to me, and promising me things that never happened. They never let me talk to anyone above customer service. I spoke only to people who most likely read from a script, sitting in a desk in India. I detest this company, and I hope and pray that they are found guilty of all the charges against them. If the court or anyone needs more information, or documentation regarding what I just wrote and sworn to, please let me know.
On a very interesting note, I just received a letter today from Ocwen, telling me that my mortgage payment has gone down from 2800.00 a month to 2500.00 a month. And I also saw online that they have changed their whole entire website, it's pitiful.
CameeNaperville
My experience with Ocwen has been a nightmare. I refinanced my home in August 2004. I went through a company called Lower My Bills, and I worked with a guy who ended up getting a loan for me. The lender was Freemont Investments (aka – Sub Prime Monster #1 “ filed bankruptcy or went out of business). I was aware I had signed an adjustable rate mortgage, but I was assured by the lender I could refinance in two years.
My home was appraised at $342,000. The loan was for a first and second mortgage, for the total amount of $342,000. In the spring of 2005, Freemont sold the two mortgages, one to Ocwen (the first mortgage) the second to Wilshire Credit. In the early spring of 2006, I called Ocwen to talk about the possibility of refinancing my ARM, as I knew the rate would go up in October 2006, just six months from then. I called customer service, and the person I spoke to did not speak very good English, and had no interest in helping me. I was told by this person that Ocwen could not refinance me, because they were not the 'Originator' of my loan, just 'Servicing' my loan.
I then began the long crusade of trying to find someone to refinance this loan. For various reasons, I could not find another lender to re-finance, and I knew my time was running out. I repeatedly called Ocwen, and got the same response, no one who could speak English, and I was told I could not get re-financed or have my loan re-modified, nor was I eligible for any other service from Ocwen.
My ARM started going up October 1, 2006. My rate went from 5.795% to 8.795%, 3 full points, and the payment went from $1669.00 to $2200.00 a month. This was impossible for me to pay, and I found myself juggling all my bills to pay the mortgage. I also had a second mortgage at $583.00 a month to pay. I fell behind, and struggled so hard for the next few months, just trying to pay the mortgage.
I was in default by January, and was told I was going to be foreclosed on, and received notices regarding that. I was able in mid March, to repay the back mortgage in arrears; from a portion of a bonus split I get from my X-husband and our divorce decree court order…I sent a certified bank check for over $10,000 overnight. I called everyday for 4 days to find out if that check was posted to my account, and I was told that just because I sent it overnight it, that it wasn't guaranteed to post the next day. It was 4 days before they posted it, although it was signed for the next day after I sent it. I was so pissed off I told the NON English speaking person off so bad I was crying.
They had no problem harassing me when I was late with a payment, but they let a $10,000 plus payment sit on someone's desk for 4 days, and I got charged 4 days late fees. Having gotten caught up with that, I was able to make the next several payments. Even though the second hit of my ARM went up in April 1, 2007, from 8.795% to 10.795%, from $2200.00 a month to $2500.00 a month.
Again, I called, and pleaded with the NON English speaking customer service person and begged for help. I asked if I could split my payments, to be paid on the 15th and 30th, as this would help me because I had so many other bills. They gave me a number to call, saying this was a department that accepted bi-monthly mortgage payments.
I called the number and the woman who answered said they could help me-if I gave them an extra months mortgage payment in advance, and then there would be an extra 300.00 a month on top of the escalating payment, this was so I could pay off my mortgage sooner! I flipped out. I screamed at the woman and told her that I was calling for help, and what kind of help was that?
I hung up. Feeling defeated, I just kept calling Ocwen, asking for the Forbearance office, they would never transfer me. All they would say is 'when are making a payment' or 'when you get caught up with your payments we can talk. I was told I could do a 'short sale' and that they would send out the information right away, and they never did. I was told different things by different NON English speaking people. I told them that their website boasted of being able to help customers with issues like mine, and I got told over and over again to go find another lender to help.
When I asked them what determines what makes my mortgage go up every six months at the rate it was, I was told to go look on the internet, or 'you signed the papers, it your problem'. I struggled through the summer, making the mortgage payments, but at the cost of my other bills. I fell so far behind, and in order to keep my home for myself and my two children, I filed for Bankruptcy in Illinois. September 14, 2007. I was eligible for a Chapter 7, and was granted a discharge, December 18, 2007.
This only delayed the inevitable for a short time. Ocwen petitioned the court to have the Automatic Stay lifted, and the court date was October 26, 2007. In their petition, they misrepresented me by saying my home was in decline, and I had no homeowners insurance on it. My home is beautiful and well maintained, and I have had, and still have Allstate Insurance on my home. I NEVER received a piece of information regarding if the stay had been lifted or not, even though I was on the service list.
I just received a letter dated January 9th from some law firm in Chicago, telling me they were going to sue me for foreclosure within 30 days. Ocwen used two different law firms for the lifting of the stay and the suing of foreclosure. I am hoping to do a short sale so I don't have to go through this horrible situation. (Foreclosure)
Ocwen has treated me like I was a low life, not wanting to help me, lying to me, and promising me things that never happened. They never let me talk to anyone above customer service. I spoke only to people who most likely read from a script, sitting in a desk in India. I detest this company, and I hope and pray that they are found guilty of all the charges against them. If the court or anyone needs more information, or documentation regarding what I just wrote and sworn to, please let me know.
On a very interesting note, I just received a letter today from Ocwen, telling me that my mortgage payment has gone down from 2800.00 a month to 2500.00 a month. And I also saw online that they have changed their whole entire website, it's pitiful.
CameeNaperville
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