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  • Report:  #1190546

Complaint Review: Ocwen Loan Servicing LLC

Ocwen Loan Servicing, LLC YOUR HAZARD INSURANCE HAS EXPIRED.... San Antonio Texas

  • Reported By:
    Paula — Everett Massachusetts
  • Submitted:
    Fri, November 21, 2014
  • Updated:
    Fri, November 21, 2014

Hello,

I receive every 30- 45 days or so I receive a letter from this mortgage company stating that my hazard insurance has expired and unless I reply and provide my Insurance certificate to them , they will purchase the hazrd insurance for me at a ridiculous rate over $4,000.00 a year. Since June I have received this letter six (6) times. It becomes a real pain in the butt having to contact my insurance company send them a copy of the letter and then have them send Ocwen my insurance certificate and if i don't provide with-in there 14 day time period they will buy insurance for me. this is such a SCAM and RIP OFF! Something must be done about these theives, it takes all my time up doing this, and I know they are just waiting for me to miss one (1) of these letters so they can wack me with this insurance (that by the way, if they purchase it, I can not cancel it and must pay it or they will file legal action against me). They make threats all the time, I am getting so upset about this, I'm thinking of going to my states Attorney General and filing a formal complaint and possible legal action!! I think this would be a perfect Class Action Suit against these dishonest company. Teach them a lesson.

Is anyone else having this issue? Your Hazard Insurance has expired, please provide your new policy with-in 14 days or we will purchase it for you and it is estimated at $4,074 annually and once we provide it CAN NOT be cancelled. I just renewed my policy on July 30th 2014 and since I have received 6 letters from this company.

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