Delta Funding, the mother of Fidelity Mortgage, went bankrupt. Their doors are shut. Not one human "mans" the office.
OCWEN Loan Servicing, LLC took our payments for Fidelity, my mortgage company.
During this time I filed Chapter 13.
I sent in payments for 4 months consecutive; however, less than the amount due. My checks were cashed.
I received a phone call, not a letter, from a man named Reid informing me that my mortgage company went bankrupt. He could not answer many questions.
Although this is what he did provide:
OCWEN was once a federal bank in the US. Our government shut them down due to breaking the FDIC regulations.
OCWEN is now based in INDIA! They are difficult to get a hold of and seek to take property that have large equity in them.
Reid explains that I would be notified by a new mortgage company. To date I have yet to hear from "Reid" or Fidelity Mortgage via phone or in writing.
Last week I receive a letter from Attorney Richard B. Maner, PC in Atlanta, GA, on behalf of OCWEN Loan Servicing, LLC stating I will be in default if I do not pay a substantial amount of late fee's and payments. The letter did not show my consecutive payments.
I phoned Reid yesterday to find out my loan and about 29K other loans are not being bought in bundles. That there are not many mortgage companies that want to buy large debts. That if my loan was 100k and under possible.
Unfortunately, my home has been without insurance for 4 months, as I just cannot afford it. I wonder why OCWEN did not place or demand insurance, as any other "mortgage" or servicing company would. They are only demanding money for payments and late fee's. To whom will they pay it to?
I question how can a loan servicing company represent a company that no longer exist?
If my checks were cashed does that set a standard?
What rights do OCWEN have?
What government wants to step in and assist americans against a foreign company who already broke our laws?
What Attorney would want to represent a foreign company that makes American's homeless?
I would appreciate any support.
Jacqueline
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