I had refinanced with New Century Mortgage, after my husband died. Following my heart attack, I was allowed to work, but only part time. I knew I was in trouble, so contacted New Century Mortgage immediately. I explained the situation and tried to come to some sort of compromise up to and including making at least the interest payments. After several phone calls, (and I never did speak to the same person twice) I was told flat out there was nothing I could do.
Enter OCWEN. I contacted them trying to make some sort of arrangement with them. I would have had to pay $1,800.00 a month. My income is just a little over that.
Hear comes the kicker. I attempted to refinance. That's when I found out New Century had inflated the worth of my house. The new appraisers were very honest with me and said they couldn't give an appraisal for what I needed.
Bottom line: They are now foreclosing on my house. Know what? They can have the blasted thing. I just wonder how they sleep at night.
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