156 views
2 comments
stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
1.0

I'm starting to think that OCWEN is nothing more than a Ponzi scheme (a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.) set up by large banks to transfer their loans without permission of the mortgagee to a group of so-called mortgage investment individuals who are supposed to help you qualify for a number of loan modifications. The ignorance of every one of the employees at Ocwen goes beyond ***.

It is now two months short of two years that I've tried over and over to modify my house loan. I was retired without benefits, i.e., retirement compensation from a family run business after 30 years of employment after the death of the owner, operated, CEO, CFO, of a very successful company. Since my income has gone from 6 figures to a small social security income I would think I would qualify for at least one loan modification. Particularly because my home is under water.

The incompetency of the mortgage loan officers, i.e., loosing paperwork 4 and 5 times because they can't find it on their desk or in their computers is beyond the word irresponsible. After working with the same loan officer for 18 months he never seems to remember who I am during our monthly phone conversations. I'm trying to lower my payments not increase them.

Every single offer I've received have increased the payment now standing by $50 to $100 dollars a month and Ocwen will not write the modification unless I agree to 10 more years on my loan making it 40 years instead of 30 years. As of today since I've not agreed to their new terms - they have turned me over to an attorney to start foreclosure on my home.

Reason of review: Home Modification.

Preferred solution: Let the company propose a solution.

Ocwen Cons: Ignorance of the staff, No clear answers, Service, Denial of problem, Hire people who speak english.

Location: Big Bear City, California

Do You Have Something To Say ?
Write a review

Comments

chat-icon

Please avoid publishing any personal information and promotional content

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment
Guest

www.foreclosuresurvivaltoday.com

http://www.foreclosuresurvivaltoday.com

check it out. OCWEN started w/me. Did illegal foreclosure, broke the law, and just have to go ape...

Guest

Hi,

My name is Amanda, and I would like to discuss the issue that you have had/have with OCWEN, I have been having many issues with them as well. If you could, please email me anpellecchia17@***.com

Thank you,

Amanda

Ocwen Reviews

  1. 287 reviews
  2. 59 reviews
  3. 11 reviews
  4. 3 reviews
  5. 6 reviews
Ocwen reviews