Tell us has your experience with this business or person been good?
OCWEN FEDERAL BANK FSB Ripoff! Lies, false credit report, false payout figures, extortion, interference. Orlando Florida
This is just a start. When my original first mortgage got sold to OCWEN it was the beginning of hell. Even when I paid on time, I had problems -- like getting a late fee when I mailed the payment in plenty of time for it to get there.
In 2002 I was unemployed for an extended period of time. Eventually I was 30 days late on a mortgage payment. I called customer service to inquire about hardship payments but no one got back to me. I managed to keep the account no more than 30 days late. Then in August I had to let it slip for a couple of days. I got the "we're going to foreclose on you" letter from Codilis and Moss. The short story is, I had to come up with a "forebearance downpayment" almost twice my regular payment and then they INCREASED my monthly payment for 4 months.
This year the prepayment penalty finally expired and I attempted to refinance my home. I got an approveal and to get a better rate my loan officer suggested we wait until the 60-day lates were 12 months behind.
This is where OCWEN started their delay tactics. My last 60-day late had been in September. OCWEN had reported it to the credit bureaus as October. I had to go through a round-robin of conference calls, faxes and rounding up year-old statements to prove the dates.
Then, just before closing the new mortgage, the new lender requested a new payoff amount. The amount OCWEN sent was inflated. It showed almost $4000 in unpaid interest! It showed an inflated balance.
I called them and challenged the figure. I needed to close this loan very soon, so I got them to fax the payoff info to me.
The customer service rep said they would charge me $10 for an expedited fax. They charged me $20. And yes, the new numbers were almost $5000 less than they quoted to the new lender.
More delays. More hoops to jump through, and the refinance failed. I am still stuck with OCWEN and I WANT OUT!!! This is a soulless, greedy company in the business of stealing homes and lives.