I have been living a 5 year nightmare with Ocwen. My loan was sold to Ocwen for servicing from HUD.
Since Ocwen took over my servicing I have experienced numerous problems. That range from not cashing my checks on time, paying property taxes late, charging my escrow for insurance and returning of wires without reason.
Approximately two weeks ago they returned my mortgage payment twice. After the second return I contacted them and was told they can't accept it because they were starting the foreclosure proceedings on my home.
When this payment was returned I was one payment behind and this made no sense to me. There so called attorney stated that I was 3 months behind.
He gave me some run around about contractually due and the due date for my forebarence plan. Never during my whole conversation with him could he even begin to explain to me what he was talking about.
When I asked him what I could do to stop this, he informed me that I would have to come up with $2,500 by Sept. 30th.
Well Monday is dooms day! I'm still about $400 short and even if I can get my hands on it by Monday they are still going to jack my mortgage payment up by approximately $200 a month.
I'm all for joining the class action suit against Ocwen!
If I had know that buying my first home with an FHA loan was going to be such a nightmare I would have declared bankruptcy and saved myself and my spouse from alot of gray hair and stress.
I thought that FHA was there to stand by you and get you through tough times instead I find them asking you to sell your soul to the devil.
Karen
Elkton, Maryland
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