We are victims of ocwen federal bank. They are ripping us off and are being allowed to get away with it. We bought our home in 1993 on a land contract. Then we went to bank called upstate capital, whom sold us to delta funding corporation. Then delta sold us to ocwen federal bank. Let me explain our situation and maybe someone can give me answers or possible solutions.
My husband and i were only 21 yrs old and we new pretty much nothing when it came to buying a home. We saw an add in the paper for first time home buyers looking to buy a home, contact upstate capital mortgage. So we did. We had a meeting with this guy and signed a stack of papers. At the time of getting our martgage upstate capital bank told us we needed to consolidate our bills along with taking out the mortgage. They said it would better our chances for getting the loan. So we did that. We took out 30,000.00 for our home and then we took out 12,000.00 for consolidating bills and fix up work on the home. So our mortgage loan was for 42,000. This was on febuary 9,1996.
On september, 10th, 1996 our mortgage was assigned to ocwen federal bank. On october 9,1997 our mortgage was assigned to the bankers trust company. We just found that out recently. We had thought we were with delta funding bank and that our monies were going to them. Now we are not sure where i monies went. We had a few payments that we fell behind, delta agreed to work with us to get caught up. We had to pay a payment and ahlf to them until we got caught up. We thoght all was ok until we saw our home being listed for sale in the newspaper. We called a lawyer in syracuse who agreed he could help us stop the forclosure. We met with himand he said we needed to file a chapter 13 bankruptcy in order to keep our home. So we paid him his fees and did what he said. We had to meet with a trustee andpay her fees along with what fees delta funding bank or bankers trust company - not sure which one we were paying. The lawyer we hired told everything would be fine, all we had to do was make payments to the trustee and make our mortgage payment and we could our home. With the payments we had to make each month to the trustee and to our mortage we were paying close to 900.00 a month. We did that for a few yrs until delta funding bank sold us to ocwen federal bank. They did not like the terms that were set up with trustee and decided they wanted to forclose on our home, even tho we were doing what the court trustee and our lawyer wanted - it looked like we were going to lose our anyways. Ocwen federal bank told us that they would work with us but we had to refile bankruptcy but now it had to be a chapter 7. They said if we did that they would then workwith us on a repayment plan. So we did that because we didnt want to lose our home. Then they said we had to come up with more money to start this forbearance plan. Mind you we had to pay for the lawyer again to refile and the fees that went with that. Then we had to pay ocwen federal bank fees upfront plus a downpayment to start us on a forbearance plan. Ocwen told us we had accrued over 30,000.00 in fees and back payments and the balance of our mortgage. There is no way possible because we paid our payments an every fee up front along with attorney fees. They set up a forbearance plan and we started paying ocwen for our mortgage. We had to pay 724.00 a month, they raised ourmortgage payment 250. More than what had been paying before. They told us themoney we paid would be applied as such, 477.00 amonth to out mortgage and the balance to taxes and fees that we accrued. We paid them and believed what they said. We did this for five yrs, our mortgae loan also had escrow. Ill explain. This past yr we decided to remortgage with our local bank with a lower interest rate. Our local bank said we were approved for a new loan with them but they needed a payoff letter from ocwen bank. So i called ocwen and requested a payoff. What a run around that was. I eventually got the pay off. Mind you in 1996 our mortgage loan was taken out for 42,000. The payoff letter they sent me stated we owed ocwen over 57,000.00 as of 2005 we had been paying our mortgage to these banks for 10 yrs, we figured roughly we have paid out well over 68,000.00 in monies but yet we owe them 57,000. Not possible. They are stealing our money and our home. Even tho they said it was that amount, we wanted to get away from ocwen and not let them steal any more of our money, so we went to our bank an applied for that amount. Our bank told us to have ocwen send another payoff with explanantion of what the would be paying off. So we did that. They sent me a new payoff a few weeks later but this payoff said 61932.00 how the hell could theyadd on over 4000. Dollars more. It had only been a few weeks and we were making our payments. I called ocwen bank and i got a different person every time i called and a different response everytime. My local bank was concerned that ocwen was doing this and said call a lawyer. I havent been able to find one. I waited a few weeks and ordered a new payoff report - mind you there was only a few weeks between each report - this new report states we owe now, as of feb close to 72,000. That means they added on over 10,000. To my loan in a few weeks, how can they do that. Now they have been calling us and threatening us about losing our home. For 5 1/2 yrs we have paid our mortgage to ocwen via western union and wehad to pay fees to do that. But it gave me proof of my payments. Our mortgage is escrowed, they take out the money and pay our taxes-well they are suppose to. They are telling me that we owe them over 14,000.in tax money. We have friggin escrow - what did they do with my money. Ocwen bank is ripping us off big time and getting away with it. They are upped our mortgage payment twice now. We want to added to every class action suit against ocwen. We will fight ocwen - we will not let them have our home - noway in hell. Please advise of what to do and help us stop ocwen from harming any more families. Ocwen federal bank has financially and emotionally hurt me and my family. They need topay for what they have done.
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