Lesa
Tucumcari,#2Consumer Comment
Wed, June 18, 2008
Go to www.loansafe.org and see if the helpful advisors can give you some guidance on how to fight Ocwen back. They are not attorneys but can advise you if you need to seek legal counsel as your only alternative. There is lots of helpful information on that site and you can educate yourself on your rights and how to deal with the scams and fraud typical of mortgage servicing companies. You also should send a QWR to Ocwen so that you can check for any violations concerning your original mortgage. Also filing complaints with HUD and the FTC is important. Contact the news media and Congressmen with all of your pleas for help and stir up everyone you can. Ocwen only knows how to foreclose hastily on people and customer service is not known to them. They are the worst of the worst. Hiring a good attorney might be your last resort as Ocwen moves quickly to foreclose. Do not trust Ocwen at all.
Cristina
Bristow,#3Consumer Comment
Wed, June 18, 2008
I am deeply sorry for the hardships that you've had. It must have been very difficult losing a son so young to cancer. When you say that you "refinanced in 8/2004 and your payments were $1117.20/month", could you afford that? I find it strange that you say "Still never realizing that I signed for a bad mortgage loan, until I recieved a letter of default". What made it a "bad loan"? You say that the rate was 7.55% but that the mortgage payments keep going up? Is it an ARM loan? At the closing, only you can know whether you can afford the mortgage payments. The banks, although many are devious, are not at fault. Unfortunately, the housing market has plummeted so, yes, your house is probably not worth what you owe on the loan. This is why you can't get re-financed, no matter who you write to or call. I honestly don't know what advice to give you, but to be careful what you sign in the future. KNOW WHAT YOU ARE SIGNING UP FOR, but I guess I don't have to tell you that again. I wish you the best of luck though, keeping your home.