Ocwen Federal Bank FSB
Ripoff Ocwen loses in court twice, yet keeps the insurance money, though found in violation of the Consumer's Protection Act

Ocwen hires attorney after they keep insurance proceeds for fire damage to home that the HOMEOWNER paid.

Home is torn down because there is no money for the owner to repair the home (Ocwen has it).

Ocwen loses in court twice, yet keeps the insurance money, though found in violation of the Consumer's Protection Act.

All this took between seven and nine years to happen. What good are the courts?

How does Ocwen benefit by getting the house torn down, keeping the insurance money, and running up a legal tab of EQUAL THE VALUE OF THE INSURANCE AND THE EQUITY THAT WOULD HAVE BEEN LEFT IN THE HOME?

Why was Ocwen allowed to purchase the property at one point in a property tax auction, when OCWEN failed to pay the property taxes when the monies were supposedly available in escrow?

Why would Ocwen purchase the property, though the property was part of a bankruptcy proceedings (and therefore violation of the bankruptcy and illegal).

Why would Ocwen's attorney 'forget' to represent the investor in the property, Salomon brothers, in the lawsuit and allow it to go to default TWICE against Salomon brothers?

Why does the SAME Ocwen attorney, let the house get torn down, allow the property taxes to go unpaid?

When is Ocwen going to know what they are doing is not only unprofitable? That sooner or later, Ocwen will have to pay the homeowner, will have an empty lot they can't sell, and owe alot to an attorney who obviously wasn't working in the interest of ANYONE?

Can someone explain the LOGIC of this company? Does Ocwen have a plan to make money off of the violation of the Consumer's Protection Act that I don't know about? No one wins. But I lost my life savings. All the sacrifices I made to improve and keep that home... All the equity I built up (owed 44 grand on a home that would have been worth today about a quarter of a million). All the personal family momentoes that went with the tear down of the home that money can't buy back, because my personal property would not fit into a rental a fraction of the size of what I lost.

Who won? How does Ocwen financially justify this with their board members, with their other attornies who have a mind, etc? Does the board of directors of Ocwen know what was done with their investment as well as mine?

Company: Ocwen Federal Bank FSB
Country: USA
State: Michigan
City: Lansing
Address: New Jersey

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