voiceofreason
North Carolina,#2Consumer Comment
Mon, October 03, 2011
Unfortunately you're probably not getting out of this with legal help. Ocwen is, shall we say politely, not the nicest of companies. Also, by your own definition the taxes are deferred - not completely done away with. Deferred means that at some point (your death? property sale? etc) the accumulated taxes become due, or the property becomes the property of the tax agency. Is that your situation, or were you actually given a tax free status where no tax ever has to be paid at any point? If simply deferred it is possible that the lender has the right to hold the taxes eventually due in escrow or some such in the event the tax due is triggered before the loan is paid off. That's what you need legal advice on.