Ocwen Financial Corporation

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Category: Business & Finances

Contact Information
United States

www.ocwen.com

Ocwen Financial Corporation Reviews

am495 September 27, 2010
Modification
Company is unwilling to assist with modification process. They will call and say they do not have
information that has already been sent. They will have you on hold and then transfer you to multiple
departments. I spent 25 minutes on the phone before I got someone who half knew what they were talking
about and then that person even had to offer to call me back after more research. They are rude and
unwilling to assist you. The offered to modify my mortgage for more than the payment is now which is not
helpful. We have a second mortgage that is basically a phantom mortgage because the house is worth less
than the first lean and they have not addressed that issue.

FILE A COMPLAINT WITH THE ATTORNEY GENERAL. IF NO ONE TAKES ACTION THINGS WILL NEVER CHANGE!!!
July 15, 2008
Terrible experience
Ocwen Loan Servicing is foreclosing on my home due to the 22 payments that I am late. I am also $15, 000. behind in interest. I have requested verification, but I have received nothing that explains how the account is late.

After the original $84, 000.00 plus the late fees, interest arrearage, valuation and inspection fees, sheriff, mailing, sale, publication, collection/legal, filing, hourly court appearances, and many other fees. Including an additional $36, 272.20 interest arrearage, I have a $151, 000.00 balance that Ocwen wants to refinance into a new forbearance program to help me out.

If the $1067.00 was too much then the new $1200. payment amount is.
May 22, 2008
Beware
In October 2007 Ocwen said that they would modify my mortgage payments based on my monthly income, so we could keep our home, but I had to be 30 days late to in order for them to even consider it. So I went ahead and didn't make October’s payment. As of today, May 21st, they have not been able to help me. They only adjusted the interested rate. So I have submitted an offer for a short sale, and every time I call to check on the status, they harass me about why I am not keeping the home.
April 29, 2008
They now own my home
My home was for sale for 9 months. We entered into a "short sale" agreement with Ocwen. Our realtor had offers. We jumped through hoops for Ocwen. We finally had to get a lawyer but they wouldn't even talk to him. All we ever talked to was foreigners from India. Today our home was sold at auction and guess who bought it for $100?? They did. I pushed and pushed and finally some guy told me they "wanted" my house and it is better for them to keep it and will make money on it when the market picks up. They had no intention of selling it or looking at my offers. I am so mad at organized banks. Our realtor, lawyer and ourselves went through all the motions, met all their requirements and in the end they "just wanted my house". Where does that leave me? With a foreclosure on my record all because they wanted my house and wouldn't consider selling it. We lost $40, 000 and have ruined credit all because we trusted them to care about the customer and do what is best for the customer. Hogwash. They have made billions each year off taking peoples homes - yet they are a major supporter of a group that looks out for minorities getting homes! The average hard working American able to afford American dream is now the minority. What about us? Forget those piddle "stimulus" checks - Be careful who you trust.

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