I've recently become aware of the serios trouble my mother is in with Ocwen. Some time ago she took out a loan, it looks like it was a consolidation loan but it includes her mortgage. The loan is an adjustable rate which is already bad news.
It looks like evry six months the interest rates increase and it seems like the Ocwen people call her every so often to refinace this loan but still at this adjustable rate. Now she doesn't know that they are charging this high fee to do this every year or however long (I haven't been able to determine this yet).
My mom has become ill and I have POA for her. I am afraid that these rates are going to become so high that her social security will not be enough to cover them.
If there is anyone out there that can give me some direction or advice, I would greatly appreciate it. I am so afraid that my mom will soon lose her home if I don't do something. I desperately need help.
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