I went on the Single Falmily Housing Program with HUD which is an FHA program... After being on the program for a year with HUD Clinton did away with the program and Ocwen Federal bought several distressed properties... And mine was one of them... I went thru a hostile seperation and divorce and trying to raise 3 children with no career... That is what the program was all about to help single parents establish a career for the period of 3 years...
Well, Ocwen followed thru with the origional agreement I entered into with HUD. At the end of that agreement which was 9/99 Ocwen took all monthly balances during that 3 year period which was supposed to be tacked onto the back of the loan and it was not supposed to increase or decrease during that period acording to my HUD counceler and added them together and started acruing interest daily since that time and turned my loan into a new loan called the assignment program...
I have since had to file 2 chapter 13 bankruptsies and finally roll it over to a 7 in order to keep my home... I've been here 14 years and now am facing forclosure for the 10th time... My payoff is only 58,000. And they say I owe 96,000. Payoff...
Oh, they sold my loan while under bankruptcy to Fairbanks Capital Corp. And didn't notify them of a thing... Not to mention forced insurance of about 900.00 per year when I have a fire hydrant off thew back of my property and live less than 5 miles from the fire station... Along with attorney fees... I can't even get the property refinanced or 2nd mortage or home repair loan...
Because of the hurendious bad credit I now have from filing the ch. 7 to save my home..
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