• 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

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...

Is the Housing Bailout for you? - Loan M…

The new housing plan announced by President Obama last week has two main parts. First, there is a $75 billion loan modification plan and, second, there is a program that...

State Mediation Programs and Foreclosure…

State foreclosure mediation programs that bring together mortgage servicers and troubled property owners put foreclosures on hold when mediation has started. Foreclosures should be halted when mediation...

The Obama-Biden Plan

country faces its most serious economic crisis since the great depression. Working families, who saw their incomes decline by $2,000 in the economic "expansion" from 2000 to...

How To Know If The Offer Made is a Good …

Should I take my lenders offer if I’m behind in my mortgage payments? This is a question that is asked by many home owners struggling with their mortgage...

Mortgage News

Top Nation and US Stories

Countdown to March 29 Prepare for a Nati…

This week, the state Attorneys General will begin negotiations with the big banks on the terms of the settlement to their fraudulent practices. While the final details...

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. ...

Are Loan Modification Attorneys More Dem…

In the midst of the ongoing financial crisis, homeowners are looking for any way to ease their burdens, and the government has implemented several programs to help...

Helpful Tips for Loan Modifications

Loan Modification Help Center – At the Loan Modification Help Center, we do our best to supply homeowners with the kinds of information that will help them...

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...

Fed stiffens restrictions on mortgage le…

New rules, aimed mostly at subprime loans, prohibit shady promotional practices and lending to home purchasers who lack the ability to repay. WASHINGTON -- The nation's central bank...

Upfront Premium Refund

Are you entitled to an upfront premium refund?  FHA rules about premium refunds have changed a lot in the past ten years, but here at the Loan Modification...

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...

Economy

The Economy and you

Homeowner Affordability and Stability Pl…

Fact Sheet The deep contraction in the econo Homeowner Affordability and Stability Plan Fact Sheet The deep contraction in the economy and in the housing market has created devastating...

Real Estate New

Real Estate news

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...

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,...

Loan Modification Advice

If you need help understanding your option of taking advantage of the loan modification process, the help is available to you everywhere. The process is quite tricky and...

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