- Report: #37060
Complaint Review: OCWEN FEDERAL BANK FSB - Orlando Florida
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OCWEN FEDERAL BANK FSB
12650 Ingenuity drive Orlando Florida 32826-2703 Orlando, 32826-2703 Florida, U.S.A.
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OCWEN FSB MORTGAGE BANKOCWEN FEDERAL BANK FSB ripoff deceptive company fraudulent ripoff business outlandish ripoff late fees ripoff con-artists took us for all we had Orlando Florida .....
In 1996, Berkeley Federal Bank "became" Ocwen Federal bank, and took over our Hud assigned forbearance agreement, without our knowledge or prior notification. Ocwen, at this time, demanded $7,000.00 in escrow delinquency from Hud which we never were informed of, and immediate iniciation of Ocwen enforced hazard insurance, which we never knew had been dropped to begin with. We also received within the same 10 day petriod an on-demand letter of termination of note for the immediate payment of $69,000.00 in interest arrearage.
At this time, they raised our forbearance payments by approx $350.00 per month over 36 months, to pay back this so called escrow debt, which we paid faithfully and on time for the next three years, and at the end of this period we were informed that we had new so called charges of late fees, suspended payments, corporate suspensions, whatever they are, amounting to about another $3,ooo.00, which Ocwen then incorporated into a "new and improved" sdo called forbearance agreement. (During these time periods, we are receiving monthly registered letters with intent to terminate forbearance agreement, and or foreclose)
This has been going on sincre 1996,to date. We have sent Ocwen copies of all of our cancelled checks to prove we have been paying on time, and supposedly everything was straightened out during a conference call in August, 2001, with Bob Hall, Brenda Clum, and Chummy Neil. Well, before the phone ever cooled off, they were back at it adding on charges, late fees, losing payments, not cashing our checks until the next month, holding funds in corporate suspension, and here we are now trying to refinance just to get away from this bank, not to mention tryingto refinance twice before, and being literally laughed at by mortgage experts saying" I have no idea what they"re doing with this mortgage, or why wasn"t it foreclosed on in 1996, we can't help you, sorry"
As of this date, we have been in the process of trying to refinance our existing 10.5% interest 30 year fixed, to a current rate 30 year fixed, and Ocwen has so far varied their buyout figure to the mortgage company by $35,000.00 and still haven't said that would be a firm number. Our credit report by the mortgage company we are trying to obtain states that we have missed our last 9 mortgage payments and owe Ocwen, approx $8,000.00. We have all cancelled checks to prove our payments, but yet this does absolutely nothing as far as a trw or any other credit report. On one hand, we are in the process of refinancing, (Ocwen even sent an appraiser here...), and on the other hand we were told in November by Moss Codilis that we were in foreclosure, even though we paid, and we received our monthly threat that we now owe $64,000.00, plus $8,000 in bogus late fees, and whatever else they call them, we have no idea where the figure came from.
We get billings from palm Beach, Florida, Orlando Florida, New Jersey, and Orlando, California. Each bill has different numbers.
If anyone out there has any means at which to fight for the right of Freedom, Liberty, and the Pursuit of Happiness, when Ocwen FSB is added to the equation, please let us know, we juse e-mailed O'Reilly from Fox
Anyone reading this or has been ripped off by Ocwen, please e-mail O'Reilly from Fox. Maybe Bill can investigate Ocwen's pile of ----. After 6 years of this hell, we still can't get through to anyone, and this doesn't even come close to all the issues.
Trapped in Hell
steve & nora
mastic beach, New York
Click here to read other Rip Off Reports on OCWEN Federal Bank Financial Services
In 1996, Berkeley Federal Bank "became" Ocwen Federal bank, and took over our Hud assigned forbearance agreement, without our knowledge or prior notification. Ocwen, at this time, demanded $7,000.00 in escrow delinquency from Hud which we never were informed of, and immediate iniciation of Ocwen enforced hazard insurance, which we never knew had been dropped to begin with. We also received within the same 10 day petriod an on-demand letter of termination of note for the immediate payment of $69,000.00 in interest arrearage.
At this time, they raised our forbearance payments by approx $350.00 per month over 36 months, to pay back this so called escrow debt, which we paid faithfully and on time for the next three years, and at the end of this period we were informed that we had new so called charges of late fees, suspended payments, corporate suspensions, whatever they are, amounting to about another $3,ooo.00, which Ocwen then incorporated into a "new and improved" sdo called forbearance agreement. (During these time periods, we are receiving monthly registered letters with intent to terminate forbearance agreement, and or foreclose)
This has been going on sincre 1996,to date. We have sent Ocwen copies of all of our cancelled checks to prove we have been paying on time, and supposedly everything was straightened out during a conference call in August, 2001, with Bob Hall, Brenda Clum, and Chummy Neil. Well, before the phone ever cooled off, they were back at it adding on charges, late fees, losing payments, not cashing our checks until the next month, holding funds in corporate suspension, and here we are now trying to refinance just to get away from this bank, not to mention tryingto refinance twice before, and being literally laughed at by mortgage experts saying" I have no idea what they"re doing with this mortgage, or why wasn"t it foreclosed on in 1996, we can't help you, sorry"
As of this date, we have been in the process of trying to refinance our existing 10.5% interest 30 year fixed, to a current rate 30 year fixed, and Ocwen has so far varied their buyout figure to the mortgage company by $35,000.00 and still haven't said that would be a firm number. Our credit report by the mortgage company we are trying to obtain states that we have missed our last 9 mortgage payments and owe Ocwen, approx $8,000.00. We have all cancelled checks to prove our payments, but yet this does absolutely nothing as far as a trw or any other credit report. On one hand, we are in the process of refinancing, (Ocwen even sent an appraiser here...), and on the other hand we were told in November by Moss Codilis that we were in foreclosure, even though we paid, and we received our monthly threat that we now owe $64,000.00, plus $8,000 in bogus late fees, and whatever else they call them, we have no idea where the figure came from.
We get billings from palm Beach, Florida, Orlando Florida, New Jersey, and Orlando, California. Each bill has different numbers.
If anyone out there has any means at which to fight for the right of Freedom, Liberty, and the Pursuit of Happiness, when Ocwen FSB is added to the equation, please let us know, we juse e-mailed O'Reilly from Fox
Anyone reading this or has been ripped off by Ocwen, please e-mail O'Reilly from Fox. Maybe Bill can investigate Ocwen's pile of ----. After 6 years of this hell, we still can't get through to anyone, and this doesn't even come close to all the issues.
Trapped in Hell
steve & nora
mastic beach, New York
Click here to read other Rip Off Reports on OCWEN Federal Bank Financial Services
4 Updates & Rebuttals
Mary
Columbia,Maryland,
dealing with Ocwen's mistakes
#2Consumer Suggestion
Wed, December 04, 2002
If you have all your documentation, showing on time payments, etc., proof that you had your own homeowners insurance when Ocwen was charging you for insurance that they had taken out for your home, and a copy of your credit report showing that Ocwen has misreported and damaged your credit, you can take them to court - even if it's small claims court in your local area - to recover the money that they have overcharged you. You can even ask for punitive damages, especially if you can show that you have been continually dealing with them and trying to get them to correct their own errors. The amount that you sue them for can be up to whatever the small claims court limit is in your area (in some areas this is up to $5000). In your case, I would urge you to do this. It sounds as if they have treated you outrageously and that you deserve to haev a judgement against them. By the way - the cost for filing in small claims court is usually minimal and you can ask that that amount be added to any claim that you have against Ocwen. If you do succeed in getting a judgement against them and are concerned about how you will get your money from them, there are a number of companies that will purchase your judgement - basically they pay you an amount that is slightly less than the total amount of the judgement (they charge a processing fee) and you sign the judgement over to them and they pursue Ocwen for payment. That way you get your money and Ocwen gets what they deserve - they are forced to deal with some persistant collections company who is pursuing them as a result of court action against them.
Mary
Columbia,Maryland,
dealing with Ocwen's mistakes
#3Consumer Suggestion
Wed, December 04, 2002
If you have all your documentation, showing on time payments, etc., proof that you had your own homeowners insurance when Ocwen was charging you for insurance that they had taken out for your home, and a copy of your credit report showing that Ocwen has misreported and damaged your credit, you can take them to court - even if it's small claims court in your local area - to recover the money that they have overcharged you. You can even ask for punitive damages, especially if you can show that you have been continually dealing with them and trying to get them to correct their own errors. The amount that you sue them for can be up to whatever the small claims court limit is in your area (in some areas this is up to $5000). In your case, I would urge you to do this. It sounds as if they have treated you outrageously and that you deserve to haev a judgement against them. By the way - the cost for filing in small claims court is usually minimal and you can ask that that amount be added to any claim that you have against Ocwen. If you do succeed in getting a judgement against them and are concerned about how you will get your money from them, there are a number of companies that will purchase your judgement - basically they pay you an amount that is slightly less than the total amount of the judgement (they charge a processing fee) and you sign the judgement over to them and they pursue Ocwen for payment. That way you get your money and Ocwen gets what they deserve - they are forced to deal with some persistant collections company who is pursuing them as a result of court action against them.
Mary
Columbia,Maryland,
dealing with Ocwen's mistakes
#4Consumer Suggestion
Wed, December 04, 2002
If you have all your documentation, showing on time payments, etc., proof that you had your own homeowners insurance when Ocwen was charging you for insurance that they had taken out for your home, and a copy of your credit report showing that Ocwen has misreported and damaged your credit, you can take them to court - even if it's small claims court in your local area - to recover the money that they have overcharged you. You can even ask for punitive damages, especially if you can show that you have been continually dealing with them and trying to get them to correct their own errors. The amount that you sue them for can be up to whatever the small claims court limit is in your area (in some areas this is up to $5000). In your case, I would urge you to do this. It sounds as if they have treated you outrageously and that you deserve to haev a judgement against them. By the way - the cost for filing in small claims court is usually minimal and you can ask that that amount be added to any claim that you have against Ocwen. If you do succeed in getting a judgement against them and are concerned about how you will get your money from them, there are a number of companies that will purchase your judgement - basically they pay you an amount that is slightly less than the total amount of the judgement (they charge a processing fee) and you sign the judgement over to them and they pursue Ocwen for payment. That way you get your money and Ocwen gets what they deserve - they are forced to deal with some persistant collections company who is pursuing them as a result of court action against them.
Mary
Columbia,Maryland,
dealing with Ocwen's mistakes
#5Consumer Suggestion
Wed, December 04, 2002
If you have all your documentation, showing on time payments, etc., proof that you had your own homeowners insurance when Ocwen was charging you for insurance that they had taken out for your home, and a copy of your credit report showing that Ocwen has misreported and damaged your credit, you can take them to court - even if it's small claims court in your local area - to recover the money that they have overcharged you. You can even ask for punitive damages, especially if you can show that you have been continually dealing with them and trying to get them to correct their own errors. The amount that you sue them for can be up to whatever the small claims court limit is in your area (in some areas this is up to $5000). In your case, I would urge you to do this. It sounds as if they have treated you outrageously and that you deserve to haev a judgement against them. By the way - the cost for filing in small claims court is usually minimal and you can ask that that amount be added to any claim that you have against Ocwen. If you do succeed in getting a judgement against them and are concerned about how you will get your money from them, there are a number of companies that will purchase your judgement - basically they pay you an amount that is slightly less than the total amount of the judgement (they charge a processing fee) and you sign the judgement over to them and they pursue Ocwen for payment. That way you get your money and Ocwen gets what they deserve - they are forced to deal with some persistant collections company who is pursuing them as a result of court action against them.
