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. ...