I had a business failure in 1992 which caused my home mortgage to get behind. My mortgage company sold the loan to a Texas collection company. I was able to negociate a forbearance agreement with the company shich stated that as long as I kept current on the new agreement everything would be normal as if I never fell behind. Sine entering into the forbearance agreementI have never missed a monthly mortgage payment.
The Texas company sold my loan as a performing loan to Ocwen Bank. This is where my nightmare with Ocwen Begins. I was never informed of this transfer and kept making my mortgage payments to the Texas company. Ocwen was sending notices of the transfer to my old closed business address WHY THERE AND NOT MY HOME. I finally found out when my home was posted for sheriff sale. Yes a large bright yellow poster attached to my front door so all my neighbors to see. When I contacted the Texas company they told me that they would take care of the mistake and forward the funds that I paid to them to Ocwen. Ocwen is still charging me an attorney's fee for starting the forclosure.
Last year I attempted to refiance my home and ran a credit report on myself on the very first line of the credit report it states HOME IN FORCLOSURE BY OCWEN BANK!!! I contacted the bank and they said they would change the wording and of course to this date they never changed anything.
I asked for a payoff statement from the bank and when I received the statement I was shocked to see outragous fees as follows.
Attorneys fee $1681.00
Monthly late charges totaling $8023.00
Inspection and property evaluation $512.00
It is a shame that this bank should be allowed to exist. I am trying to find a Penna. Attorney that would take my case. It would be nice to start a class action suite in Penna. Please someone help me.
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