• images/banners/images1.jpg
  • images/banners/images2.jpg
  • images/banners/images3.jpg
A+ R A-

Ocwen Loan Services Complaints - Unauthorized charges

USA USA-52303
Feb 23,2009
Ocwen Federal Bank was assigned my mortgage after a forbearance program agreement with HUD in 1997. They send us a letter stating that we were going to be on the program for one year to continued paying $668.31 a month at fix rate of 6%. In 2000 they went up to $866.00.

Since my property is a town house condo I was also paying $146.00 in condo fees and sending Ocwen $308.31 for the escrow account also, the entire mortgage payment was $ 1166.44 which it was more than what I was paying before the forbearance program. In 2001 I was behind on my condo payments because I lost my job and my wife was the only one working and paying all the bills. The condo association send me a letter advising me that they were going to take me to court because I was behind $900.00 in condo fees, they also a letter to Ocwen and after the condo association foreclosure on me Ocwen used my escrow account to pay the association and charge me the $2, 800.00 which I put back into my escrow accounts and without knowing I continued paying my mortgage. In February 2008 I run into another problem and I left my job to care for my 26 year son who was dieing, I fell behind 2 payment and I requested a loan modification from Ocwen and they agreed to let me pay them $1540.00 to start and $1, 157.44 for one year, I signed the paper and send them the first 4 payments. On November 2008 I received a letter from LASALLE Bank asking me to move out that my lease canceled, They also send me a letter to appear in housing court. I did not know that my property was foreclosure by Ocwen in 2001, now that I have a lawyer they agreed to sale me the property back for $140, 000.00 which is about $35, 000.00 more that what I pay for the property which was $109, 000.00 what happened with the 14 years of payments that I made. Ocwen Loan Services LLC are crazy if they think I am going to buy the property for than what I pay for in the first place. Someone need to have this people investigated because they are taking property away from people without law involvement.

Add comment


Security code Refresh

Are You Eligible?
Check your loan modification eligibility now.
Property & Loan Information
Property State
Approx Property Value
Mortgage Payment Status
Total Loan Balance
Who is Your Lender
Monthly Income
Are you experiencing financial hardship?
Fixed/Adjustable Loan
First Name
Last Name
Primary Phone
Email
Past Due on Credit Cards?
Unsecured Debt
Contact Information

Random News

Prev Next

REST Report | Loan Modifications, Stoppi…

The information and tools you need to get through the storm… Setting aside how to fix, or rather un-thaw the credit markets that would thereby make mortgages more readily available...

Huffington Post blogger and accidental a…

Huffington Post blogger and accidental activist, Richard Zombeck founded ShametheBanks.org after watching as nearly all homeowners who told their story publicly managed to cause enough of a stir to...

The FDIC's loan-mod plan

DON'T GET YOUR HOPES UP: The FDIC's chairman, Sheila Bair, has said all year that mortgage servicers need to do more to help homeowners who have fallen...

Do you need mortgage help?

You need mortgage help and have tried refinancing or a loan modification with your lender and both the loan work and refinance have been declined a short...

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW…

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW… SAVE BANKRUPTCY REFORM! JUST MINUTES AGO… House Rules Committee agreed to allow the bankruptcy modification amendment THAT WOULD ALLOW JUDGES TO MODIFY MORTGAGES...

Want relief from your mortgage? Get a tr…

If you want to shed your mortgage burden, then you may go for a trial loan modification for that purpose. This will help you to navigate through your actual mortgage...

What You Need to Know About Adjustable R…

Everyday we read about the worldwide financial crisis and, specifically, about the U.S. banking and housing crisis.  To understand the challenges facing borrowers during the Housing crisis,...

Real Estate New

Real Estate news

Homeowners Are Fighting for Loan Modific…

Loan Modification Help Center Since the real estate crisis began two or three years ago, homeowners have been fighting to get loan modifications from banks and lenders. ...

Couple Owns Home After One Payment Due t…

Take back your home? Well, a foreclosure loophole that helped an Ankeny, Ia., home construction worker and his mortgage loan originator wife win a 2009 court judgment...

Hardship Letter Suggestions When Seeking…

Many a homeowner has been "inspired" to do-it-yourself-dom by a traumatic encounter with a bad contractor (traumatic to the psyche -- or the pocketbook). In the same...

Chase Not Sincere About Helping Homeowne…

Central Ohio homeowners struggling to make their mortgage payments should think twice before deciding to pitch the UPS letter from JPMorgan Chase that arrived recently. The...

FHFA Announces Loan Modification Program…

Federal Housing Finance Agency FHFA director James Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and Freddie Mac, would be adopting a new,...

Top 10 Questions About Loan Modification…

Top 10 Questions About Loan Modifications The loan modification process can be frustrating and confusing for many distressed homeowners. If you are considering contacting your lender about a loan workout to...

Mortgage Loan Modification and How It Ca…

Mortgage loan modification - How can it help? Mortgage loan modification can give you several different options to ease your financial situation. These options include, but are not ...

Mortgage Fraud and You

Did you know that executives throughout America are finally being brought to justice for the predatory lending and subprime mortgage fiasco?  The subprime mortgages that helped ruin the current economy...

Bear Stearns and EMC Mortgage to Pay $28…

The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in...

Mortgage News

Top Nation and US Stories

REST Report | Loan Modifications, Stoppi…

The information and tools you need to get through the storm… Setting aside how to fix, or rather un-thaw the credit markets that would thereby make mortgages more readily...

Post Loan Modification Defaults and What…

A recent study showed that one half of loans modified in the first half of 2008 had slipped back into default within six months. More surprising than...

If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

Login

Register

*
*
*
*
*

* Field is required