I just became the owner of 3406 w. 135th st., in march. This property was currently my mother-in-laws and she passed away one year ago and the property was left to her children and then we agreed to keep the home in the family so they signed the home over to me.
I have done a quick claim deed on the home to put it in my name as the sole owner and I have been trying to get a refinance with a cashout because that was what someone at the company told me to do over the phone once I have faxed all of the documents over to them and they recommended that I do a refinance with some other bank or institution that has been about two weeks ago since I have heard from them at ocwen.
I have tried to refinance with a cashout through several places and they said there has been some descrepencies through ocwen. They said because the value of my home is $24,719 it was refinanced through my mother-in-law before I got the payoff balance is $45,194.36 and also they said that a home can only go up to 80%of the value which this is not right.
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