Ocwen Federal Bank FSB
Prepayment Penalty Ripoff, Ocwen Would Rather Foreclose

We were trying to sell our house in order to get out from under our high house payments. Our payments are $1875. A month and we have fallen behind. We wanted to sell the house so it wouldn't be foreclosed.

Now we find that there is a pre-payment penalty of $5500. That needs to be paid at closing. We do not have the money to pay this nor does the buyer. We contacted Ocwen to see if they would wave this fee, but they said NO. They would rather foreclose on the property than let us sell it with some dignity.

Company: Ocwen Federal Bank FSB
Country: USA
State: Florida
City: Orlando
Address: 12650 Ingenuity Drive
Phone: 8003109229

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