Ok, We've been doing alot of follow ups with Ocwen, very similiar to what everyone else is doing with much of the same results. We're mailing our payments in and they have been delivered to the California address but to date have not been credited to our account, we too are paying the extra postage to have verification that our payments have reached them on time and before the due dates. When talking with several Ocwen employees our $ have been put into a suspended account and not gone towards our mortgage, even tho' some say yes it will go towards our mortgage and others say no. It's all very confusing.
I've also been told because we were in arrears they can take our $ from our mortgage and apply it to whatever fees they want. I also was told that I would be receiving a break down of these fees at NO COST TO ME. So far I've been charged some of the same fees several times over on the same date. One fee over 4 times and via a phone conversation now a fifth time. This was suppose to have been canceled because we had reached an agreement with Brenda Vasquez and paid everything up including all mortgage payments through Jan. And now even sending extra in for another February payment. The monies in our suspended account should pay us through the end of Feb with an extra amount going towards our principle. To date we now owe for March 1st via automated phone message because I sent in an extra payment just to make sure Ocwen could not come back at me again and say I'm late and start charging all the extra fees etc. Again..
The latest scenerio is when we notified our state representive and from what they have gathered in a very short time... We have been told this company IS BAD big time. One of our congressman's aids use to be a bank loan officer so they know what to look for etc. I've also done some research myself plugging in Federal Ocwen Bank to different web search engines and many of the same results come up along with one that they're accounting system is in question and under scrunity also.
We have all suffered through some exhausting and excuritiating situations with Ocwen Federal Bank but this so called loan company has alot to answer for. Everyone please hang in there, I'm sure things will retify themselves even though many of you have lost your homes a civil lawsuit seems to be pending against Ocwen Federal Bank.
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