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Home  »  Consumer Reviews  »  FINANCE  »  Ocwen Loan Servicing Class Action?
Ocwen Loan Servicing Class Action?
Jan 29, 2008
Ocwen complaint by Raul
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Ocwen Loan Servicing Class Action?
Page 2

Please contact me for any information on ongoing class action against Ocwen. My Mother would seriously like to join and bring these bastards down. I have similar complaints here. My Mom owns a house in Sacramento, CA, she refinanced her prop in 12/06 and loan was sold to Ocwen in 1/06. She was told sometime in 7/06 that she was 1 month late while continuously paying her monthly mortgage. She asked how could that happened? They said they did not receive 12/05's payment. She did pay the original mortgage company she signed for. All along, she was paying her mortgage unknowing she was 1 month late and Ocwen reported this to the credit bureaus. In 3/07, she was forced to make arrangements to her supposedly 1 month late by coming up with another $200 monthly payments. Her mortgage was around $2500 now she's paying $2700 for about a year now. She has never missed payment. She tried to refinance recently but was told her credit rating was so low since it shows that she has 1 late payment since 1/06, when Ocwen took over servicing. Thats 24 months of late reporting! even if she has not missed payment. Her credit is damaged and she has been turned down for refinancing. This is just cruel! So please anyone get back to me and tell me if there's a class action out there, if not she'll have to bring a lawsuit herself.

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  Comments (16)
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1. Written by Darlene, on 25-08-2008 14:15

I am fighting Ocwen now due to Previous Bankruptcy Expenses,Late Fees,now reporting 60 Days late on my credit report,,even though i pay over my payment every month, and have for years,went through 1 class action already, they were supposed to delete some of the charges and they have not done that yet,prior servicer fees,still there to,received a modification from them i will not sign, in Missouri prior servicer fees are illegal for them to charge. The State isnt going to do a Darn thing about this company,It's going to take all of us to stick it out to get rid of this company, or at least put a big hurt on them. If they dont get any money they will go belly up sooner or later,if no money no way to pay for things.The Goverment knows about this company it has to, and if they cared they would have already stepped in to do something,they are the ones getting richer as we keep getting poorer,Dont you people see that. *** HTE BLINDERS AMERICA.

2. Written by Anthony C. Ayala, on 14-08-2008 08:44

I too have had my share of Ocwen horror!!!! where i had to send my payments to them by certified return reicipt! cause they would hold my payment and charge me late fees over and over! this was ongoing even if i called to make sure they recived it ,I was givin a song & dance ! please count me in the class action

3. Written by Screwed in Cali, on 12-07-2008 14:48

I was in the process of selling my home in so. cal, after transferring to Denver for work. With the plunge in the market, I notified my first mortgager and Ocwen who held the 2nd mortgage in December 2006. The property sold at auction in July 2007 & again in November 2007. It has now been 2 yrs since it sold at auction and I continue to be harassed 3-4 x's a day. So, I'm down for a lawsuit.

4. Written by Beth, on 03-07-2008 12:34

Jasmine - I haven\'t personally had any luck with this yet, but contact Ocwen and ask them to modify your loan. I\'ve been in the process for two months now and it\'s not yet resolved. It\'s very frustrating and you\'ll need to deal with their worthless call center in India whose systems always seem to be down or updating, but it is worth a try. I finally got my loan sent to someone in the US, then it got sent to another person to handle it since I was actually current on my payments, now he\'s on vacation. These people move at a snail\'s pace and you\'ll probably want to do lots of yelling at them so be prepared. If it all works out, however, it will be worth it.Beth

5. Written by Beth, on 27-06-2008 13:00

Count me in.....this is the most worthless company I have ever dealt with in my life. My ARM went up +$300 per month and I have been working for nearly two months to get it modified. They lost 42 pages of my financial information (after confirming it had been received) and I just got off hold only to find out that their systems are down and aren't able to give me my new loan modificiation amount.....again......for the 100th time. I've contacted the FTC, HUD, Florida Governor, Florida Attorney General, Better Business Bureau, anybody I thought who might be able to help me. I've e-mailed the company, left messages at their Orlando office, left messages at their customer service number, called their survey number, and only two return calls have been received. Neither one could give me an answer, only tell me they were sorry for the delay. What a bunch of CRAP. I'm tired of these people.

6. Written by TCB, on 21-06-2008 10:17

YES THEIR IS A CLASS ACTION LAW SUIT BUT THEY ARE ONLY HELPING THE ONES THAT ACTUALLY LOST THEIR HOMES FIRST. THEN THEY WILL HELP THE REST OF US THAT HAD TO RUIN OUR PERFECT CREDIT BY FILING BANKRUPTCY TO KEEP OUR HOME. FOR SAME SCENARIO ADDINING INSURANCE WHEN HAD MY OWN INSURANCE, MISSED ONE HOUSE NOTE AND SENT DOUBLE PAYMENT THEY MAILED IT BACK TO ME AND BUT MY HOME ON THE AUCTION BLOCK TO BE SOLD!!! BANKRUPTCY ONLY WAY TO SAVE IT!! MAKE YOU FEEL STUPID ,WORTHLESS, AND MORE!! I WORK IN A FINANCIAL INSTITUTION NO LESS . I KNOW HOW THE SYSTEM WORKS. THEY WERE NOT MY ORIGINAL MORTAGE COMPANY I TO WAS SOLD TO OCWEN. I MYSELF GUESS I WILL HAVE TO GET MY ATTORNEY INVOLVED TO HELP SUE THE OTHER ATTORNEY FOR NOT INSTRUCTING IN THE RIGHT MANNER IN WHICH WAY TO HANDLE THIS SITUATION. WITH THE KIND OF JOB I HAVE I FEAR EVERYDAY SOMEONE WILL FIND OUT AND I'LL LOOSE MY JOB.  

THANK YOU ALL FOR LISTENING TO ME BABBLE . 

GOD BLESS AND I SINCERELY HOPE IT WORKS OUT FOR EACH AND EVERYONE OF YOU.

7. Written by Brian F-Markham, Illinois, on 19-06-2008 13:29

I'm an Ocwen victim myself. My former mortgage company that went bankrupt, transferred my mortgage over to Ocwen. It's a pain in the u-know-what, trying to deal with them over the phone. They are so incompetent!! I recently got a loan modification from them & now I fear that I might get screwed from them & lose my home of 3 years!!! 

 

Could someone let me know what's the deal with getting on this class action lawsuit? I dont want to lose my home that I've worked so hard to keep for my family!!

8. Written by Melissa Lacher, on 30-04-2008 09:34

we have been modified 2 times and our 2nd one happened in March of 2008, our payment was due on April, we sent and are getting calls 2 to 7 times a day asking where our April payment is..they show on the computer that they received a payment on April 11,2008...then why are they calling....they said they applied payment to Octobers payment.....they have been doing this to us for almost 2 years now and we want these BASTARDS to pay for the pain, suffering and stress they have caused us.....If anyone knows of a class action lawsuit in Texas against this company we want in on it.

9. Written by Sergio Orozco, on 31-03-2008 08:10

we are in trouble too, our e,.mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

10. Written by I am Ocwen hater, on 28-03-2008 13:44

We receive automated calls from Ocwen 2 to 3 times a day from a company that we don't have an account with. When I called to have them put me on their do-not call list, their representative said okay, but nothing has changed. I've mostly spoken with representatives from India that are rude and have no clue as to what's going on.





 
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