After 12 years of perfect payment history and Great Payment History with Ocwen They started raising my Payment every 3 to 6 months I fell behind. Tried to renegotiate with them But never could get ahold of anyone and when they did they ask for specific info be faxed or mailed to them no emails! I faxed it to them 6 times and each time I was told they got it in confirmation and the next time I would call they lost all my PRIVATE info. I went ballistic each time demanding they find my private financial info. Then I would just get the run around for 1 yr and no answer on renegotiation. Finally they said on the phone, not in righting. That if I caught up the Balance due I within their time frame that they would help me and renegoitiate the loan. I did it Way before thier dead line with my tax return and They sent it back with foreclosure notice. I filed Chapter 13 to stop the foreclosure and save my home.
A little while after filing my Bankruptcy they sent me a renegotiation deal that stunk. Like tosing crumbs, no help at all. When I was told the terms of Chapter 13 I learned that I would have to refi my home in 5 yrs and what they told me my home was worth and what I accpeted the loan was way off from what my home is worth now. I mean extreme! Was told my home was worth around 230,000.00. So took out the Loan for 195,000.00 to allow for down market. My home just appraised for $85,000.00. No way to get out from under this BAD loan if home is never going to be worth Filed Chapter 7. I was mislead to my properties value and even in allowing for down market when accepting this loan the Value was REALLY inflated... I will never do business with this company again! Any classactins out there or any lawyer think we have a case im willing. Their handling of these cases is unacceptable in the time they handled them they way they handled My PRIVATE info. I have Documentation of calls and faxes. My credit is shot but would love to get some of my money back.
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