One year ago, I called Ocwen LLC, to obtain a reduction in principal on my underwater mortgage.
I saw this http://www.palmbeachpost.com/money/real-estate/west-palm-beach-firm-rolls-out-a-new-1710729.html. I called Ocwen, asked about the program and I was told it did not exist.
I consulted an Attorney who informed me about MERS and how we must not allow this to happen
It is better to reduce the loans to current market value for all homeowners. I was told that they are not working with us because they get paid insurance money on the higher amount and then keep the monies from the auctions. This does not help us in any way.
I have submitted 2 modification packages with NO results.
Court said pay $50,000.00 Bond. I did not have $50,000.00 to put up. Is this the usual amount of a bond? I was told maybe $5000.00 but not $50.
The sale date is scheduled for May 3. What can I do to keep my home?
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