They put me on a forbearance plan... then sold my mortgage

We also have Ocwen as a mortgage company and they also opened a Escrow Account without our knowledge, when I call to follow up with the status of our account it is always different. There are times that the statement that they send us does not match their computers it is very hard to figure out what I really owe, I also found out that there is a class action lawsuit against Ocwen as well.

We also have our mortgage thru Ocwen and was put on a forbearance plan that we really can't afford and we are locked in the forbearance until Aug. 2009. This is something I don't think we can do until do. What can we do? Also I would like to find out more information about the class action suit agains Ocwen. What is the suit pertaining too?

We also have Ocwen, and was transferred to them, these people suck. They also put us on a forbearance plan when we did not ask to be put on one. They also told us that some of our payments was not received or returned by the bank. After millions of letters along with the bank statements payments made, they are still showing us 2 payments behind. these people suck

I have soooo many stories about these tools. We also Have Ocwen and they opened an escrow account without our consent. They said we didn't have insurance and they were forcing us into escrow... We had resolve this matter every month for 4 months. Our insurance company not only faxed them copies but contacted them on the phone as well several times. this was even after we received a letter from them thanking us for providing proof of insurance. Between the harassing phone calls about useless information and them calling my personal cell phone asking for other people? How do I trust them with my mortgage when they cant even keep a person's phone number right in their systems. I'm worried that when my rate goes adjustable in another year we are going to get shafted. Who and where is the class action held?

My loan was bought by Ocwen also. These people suck. Everytime I try to call them, the person who anwers doesn't speak English very well, and when I beg and plead for them to help, or help work out an arrangment, they don't help, they only offer payback payments that are higher then my monthly mortgage...I have an ARM that has gone up $1200.00 in the past year. I tried to sell my home, it didn't work, I begged to make bi-monthly payments, so I didn't have to pay the 2800.00 at once, I just wanted it broken into two payments, they offered me a bi-monthly, but added on another 300 a month so I could pay off my loan quicker..thats not what I needed! They will not listen to you, and they will not transfer you to a loss mitigator or a supervisor. OCWEN is terrible, and my home will be going to foreclosure soon.

We have Ocwen and they wouldn't help us. It seemed like the more we called for help and the more we pleaded the more resistant they became. They started getting rude and just plain ugly. We kept on waiting to see if they would let us sign a forbearance agreement and two weeks passed and no answer. We were forced into bankruptcy. We had the money to start the forbearance plan and to make the agreed payments, but had not cooperation from Ocwen. We were not going to let them have our home taken away because of their unprofessional actions. We were making the effort to fix the delinquency. I can't believe that a business such as Ocwen is still operating and being allowed to operated as they do.

I currently have a 80/20 mortgage. The 80 mortgage is with Washington Mutual and the 20 mortgage is with Ocwen. My loan rate is set to go to an ARM next month and I'm afraid I'll be hit hard. I not past due on the 80 mortgage but am 1 month behind on the 20 mortgage. I just filed a Chapter 13 in hopes that I can afford the new mortage.

I've been reading a lot about the mortgage mess that is happening and am wondering if through a mediator I could get a forbearance or loan modification.

I would say get someone to help you, because they will put you on a outrageous plan and they don't give loan modifications. They say that may be an options for mortgage holders but they never give you an answer if you ask for a loan modification and they will try to put you on a forbearance and ask for a ridiculous amount as a down payment.

Someone needs to put ocwen out of business they are the mortgage
mafia. They are under handed and ruthless. They don't care what your circumstances are, they just pay your taxes ,and Insurance, that is way too much, and then tack on the lawyers fee. If you are four days late you will get a phone call threatening you that they will be a late fee and a report on your credit. I say Baugh Crumbauh....
They stink! I hope that they get everthing they deserve like an Investigation, and a big class action law suit for their practices.

They are awful. We are having financial problems right now and got behind due to my son and his family moving in with us. He lost his job so had to move in with us. We are now supporting 4 extra people and it is a strain. We contacted Ocwen for help to take care of this and they put us on a forebearance plan that we cannot afford. We wanted to put these payments on the back end of the loan and start new. But, no they won't help and told me we are going into foreclosure. What do we do now ? Pitch a tent ?

I also have a loan with OCWEN. Me and my wife had difficulty with our funds a few months ago and called into OCWEN to set up some payment arrangements. All they would offer was a foreberance. I kept on asking for a modification so that my payments would not be considered late anymore under the foreberance, they said no over and over again. The foreberance plan sent my payment up to $3400 a month. I told them this was way too much. I have recently contacted a company called Walkwood Properties and hopefully they will be able to help. Lets pray so. I'm really dissappointed with OCWEN, a very unprofessional company.

we also have a loan with Ocwen , they said they were there to help us, but they are helping us lose our house. Our payment went up 400.00, and we cant afford this. they said this forberan ce program will stop any foreclosing procedures against us. but they put on credit report they are in the process of doing this We are going to lose our house. They have devistated our credit so bad, that we cant get a loan for anythging. They lie and lie and lie. Their website also lies. They do not anything to help only hurt you. What am i going to do.Who is going to finally put this company out business.

My loan is being sold to Ocwen starting next month.What can i do to stop this.

I had the same experience with these crooks. I honestly fell behind on my mortgage in 2003 and they started foreclosing. Some illegal alien who spoke very little english would call me and say I owed the 2 payments to get caught up..which was 1800 dollars. I sent the check and the next thing you know it was sent back and they said that now my default was over $9000 to cure because of new "legal" fees from their scumbag law firm moss codillis. I needed to hire an attorney just to talk to them. Once I had an attorney on my side the legal fees quickly vanished and they were much more cooperative. They happily accepted my payment and an acceptable forbearance plan. I i was on my own i would have lost my house.

Ocwen told us that our loan had been bought out by some investors on Wall Street and they don't offer loan modifications, therefore Ocwen continues to put us on forbearance plans and it's only making bad matters worse. Our credit has suffered we're still behind but yet we have paid out over 60,000 in the last 3 years which none of it has gone toward our past due amount or the loan. What do we do?

ocwen is a big joke my wife went very ill just after we refied with this company called and told them of situation i wasn't told not to worry would put payments at end them low and behold i was put into foreclosure was told of a forbearance plan would receive email on Monday never got it 2 weeks later still nothing not to mention always on hold for at least hour sometimes 2 then a lot of times disconnected we are filing chapter 13 with a lawyer he is also aware of this company he is looking at getting a suit against them i hate them

I was forced into Ocwen because our mortgage company went bankrupt. My husband and I are self employed so sometimes the money isn't great. we fell behind and had arrangements made 8 days before they transferred it to ocwen. I have 3200.00 that ocwen says they did not receive that was sent to the other company, however when I received the letter from ocwen in August I spoke to someone that told me where that money went. Yesterday on the phone with ocwen I was told they didn't receive it once again then they told me they were charging me for insurance I have insurance that we pay every month. We were told that there was no record of our insurance even after we faxed it to them we then called their insurance office only to find out that they have had our insurance information this whole time when I tried to tell them that they owed me for insurance he said they were not taking insurance {another lie}.
we then gave him the phone number of the person we had just got off the phone with and he responded with that is not our company you called some other company as I began to laugh at him my husband called the number from another phone so he could listen to the ocwen greeting.
Needless to say none of the efforts we tried to make helped. I started out with ocwen in August of 2007 owing them only 4900.00 in back payments and they now have us at 10,000.00. They told me I have missed payments but I have money gram receipts for all except for Dec.2007 the payment I missed and that they were shorted payments but my receipts are for the amount that was on the statements. When confronted with this I was told to send them proof. what a crock of shit!! If they are getting my payments they have proof. I believe Ocwen needs to be shut down they are a company that is in the business to take homes not to help anyone! I live in the United States I bought my home in the United States and I don't feel that I should have deal with IDIOTS who cannot speak English, cannot add and subtract and have No Idea how to keep paperwork in order. The research we have done on Ocwen is unreal They Have thousands of homes for sale all over the United States
This should throw red flags to our government. I have seen the things Bush has done to help foreclosures however that is for the rich not the ordinary people in this country . If he really wanted to help these people would not be allowed to get away with this

I have contacted the President and My State Governor on this company I also sent a letter to CNN news with these websites so maybe this company will get world-wide exposure. I was told by CNN that they would contact me if they run a story on this. If everyone were to send them a short letter maybe it would show them that this company is screwing thousands of people and more would get done.

I AM SO GLAD THAT I FOUND THIS WEBSITE THAT IS SO RIGHT WE DO NEED HELP MY MOTHER IS BEING RIDICULOUSLY HANDLED BY THESE PEOPLE SHE IS 65 YEARS OLD AND RETIRED AND HER MORTGAGE IS MORE THAN HER CHECK THAT SHE RECEIVES I TRY TO GET HELP BUT WE KEEP RUNNING INTO A BRICK WALL NOBODY WILL TOUCH THIS SITUATION WHO JUST PUT THESE PEOPLE OVER THE AMERICAN PEOPLE TOO ME THIS IS JUST POOR BUSINESS SOMEBODY JUST LEFT US IN LEFT FIELD HELP SOMEBODY HELP US WE ARE BEING PUT OUT OF OUR HOME ALSO. MOBILE ALABAMA

I myself have a mortgage with Ocwen. They are the worst people I have ever had to deal with. I was diagnosed with cancer 1 year ago and have had 2 surgeries I was also put on a forbearance program and when asked when my adjustable was coming due they said 1 year 2 months after my adjustable came up this took my payments up $900.00 I can not afford this when I call them to discus this I can not understand the person and when I ask to speak with someone who can speak English they hang up. They have told me they paid my property taxes and The city has said no and when asked for proof they have none. This company needs to be put out of business. I will lose my home shortly. Either I pay for chemo or this $1700 mortgage. Please we need help from these people

If you are on a repayment plan with the mortage  company and the still sale your property in a sheriff sale this is illinois

ocwen bought up my loan. forced unacceptable forbearance arrangements with huge down payments, and then kept raising the mortgage payment. illegally served me foreclosure papers, forged documents, scheduled sheriff sales, forced me out of two chapter thirteens, bid on my house and left me with a 30,ooo. 00 deficit. this company is being sued individually by people like me and also in a massive class action lawsuit scheduled in northern illinois. join the fight and sue there pants off. lynn. still in my home so far......

We had never been late on our house payment but had to refi 2 years ago due to the fact that our daughter was raped by someone we knew. At that time we didn't even know if it would be safe for us to live in our home again, but we had to keep paying for it! During the months of investigations and counseling we had enormous bills and decided to refi. Ocwen bought the paper and it has been a nightmare all over again! And to have to deal with this on top of the tragedy that has befallen our family is criminal in itself. At this point we don't know what to do and we are exhausted from fighting for our daughter's safety to fighting to keep our home. If any of you have any advice I would be ever so grateful.

I cant believe that I am reading all these horror stories!!! It makes me feel sick to my stomach, I want to hire a lawyer!! I don't even know where to start. I got into an 80/20 with a 2 year ARM. Two years ago I was going through a separation, I was offered a Forbearance program for one year bc I got 3 months behind and it was the only option that I had. I was only 1 year into my 2 year ARM so they said that once I complete the forbearance then THEY would refinance my loan as long as I paid the forbearance on time every month. THIS WAS A COMPLETE LIE! I paid as agreed and then once the 13 months were up I tried to refi and they basically declined me, telling me that I would need $29k to refi!!!! If I had $29k just sitting around then I wouldnt have this prob in the first place. Not only that but I tried to apply with another mortgage lender and I spoke to 3 other mortgage specialist (did I mention that I work for the nations largest financial institution and somehow I still ended up in this mess)and they all told me that there is NO mortgage lender that will refi a forbearance because they reported me 90 days last for the entire 13 months that I was on it which I specifically asked them how I would be reported (being a first time home owner i had never heard of this) and I was assured that as long as the payments were "contractually on time" that there would be no neg report!!! Ok, so I paid my mortgage as agreed for two more months and then they tell me that when they originally set up my escrow account (the second year of my mortgage) that they set it up incorrectly and that I would have to pay an additional $600 a month in addition to the $200Wincrease from the ARM with no options to catch up!!!!! I cant believe it but we (my ex and I reconciled, if not for expenses alone) found some way to make these ridiculous payments. We have been paying a $2451.15 a month on a home that originally cost $151,000. SO here we are yet another year (year 4) into this mortgage fiasco and I received a call in January from Sanail (something like that) in India and she offered me a "Modification Program". She said that they are offing this due to the economy and they were trying to keep their customers that have a good pmt history. In retrospect it definitely sounds naive BUT, when you want something to be true, I guess you make it so. I asked her specifically about 10 other people at OCWEN, no lie 10 if not more, how this was going to be reported to the credit bureau. I had called back so many times to ask this same question because I had already been paying enough to own a house twice the price of mine and all in effort to raise my credit score to get out of this stupid ARM and get a real mortgage. The last thing I wanted to do was to jeopardize the fact that we have been paying on time for a full year(actually two years but that damn forbearance). SO after every singe person ensured me that this would not be a negative report on my credit and that it was NOT A FORBEARANCE PROGRAM I paid the Feb pmt as scheduled ($2451.15)and I call today to ask again before this modification program kicks in in April, and guess what I am told...I spoke to JOhn Springer in Florida (real nice KID) and I was told that I was DEFIANTLY reported to the credit bureau as being in a forbearance program and that the modification program will also be reported negatively, therefore, bringing my score down and trapping me with Ocwen. He said the only option I had was to write a letter of dispute and gave me a fax #. SO, I canceled the modification program and just said that I am going to pay these ridiculous pmts and go without everything (food, clothes,activities, etc...), again, for the third year, and this doesn't go over real well with my family (we have two kids, 9 and 5, and we also take care of my 73 year old mother). AND to top all this off...I called back to OCWEN to see if i can actually speak to a person English or NOT, regarding the dispute letter and I am given a totally different story about the forbearance and the modification and how it is reported to the credit bureau from a guy in India. I'm not surprised after every person that works there (it seems to be the employees in India more so) a different damn story! I just told him to confirm that the programs are canc and I just want away from them!!! THEY ARE CON-ARTISTS AND WE JUST WANT TO PROVIDE A HOME FOR OUR FAMILY AND NOT HAVE TO STARVE TO DO THAT!

OCWEN MUST BE STOPPED! I cannot believe these stories...I was unfortunate enough have my mortgage transferred to Ocwen back in 2005. I had good credit, always made my payments on time and everything was good; UNTIL OCWEN CAME ALONG. It went wrong from the very start. When my mortgage was transferred I received documents that my Mortgage was sold to GMAC Financial and really Ocwen had purchase the loan. By the time I found out who purchased the loan I was reported 90 days late and had to pay reinstatement and legal fees to get my mortgage back on track. I disputed the negative report on my credit and spent the next 3 months faxing and calling to get this resolved. Of course my efforts never paid off and I still have outstanding legal fees today. Recently I too was contacted by someone from India and offered a new program that would simply reduce my rate from an ARM to a fixed rate. All I had to do was paid 1 "forbearance payment" (whatever that is) and then I would get a new payment at a lower interest rate. Sounds simple right? This began In February 2008 and I called weekly looking for updates on the new loan. I finally received an agreement that was expired and showed not to be valid if signed after the 15th of February, even though I received the agreement on the 28th. I signed the agreement after reading it and did not see ANYWHERE that is would affect my credit. I also called at least 10 little indians and was told they would not report any negative data on my credit report. It is now May and my credit is destroyed! Not only have they reported me 30 past due, they also opened an escrow, paid my taxes, and show me $9,000 past due on my credit report. I just spent an hour on the phone with Garry (who spells Gary with 2 r's?) and was told my agreement stated I would be reported late under the forbearance program. After trying to get answers for over an hour I was transferred to a voicemail that was full and then kindly disconnected! I HAVE NEVER IN MY LIFE DEALT WITH A COMPANY THAT IS AS BAD AS OCWEN AND WOULD LOVE TO GET INVOLVED WITH A LAW SUITE! I have a feeling it is only going to get worse...

THE QUESTION IS WHAT WE GOING TO DO ABOUT? WE ALL SOUND LIKE COMPLAINERS. WE SHOULD GET TOGETHER AND FILE A CLASS ACTION AGAINST OCWEN. ANSWER ME IF YOUR INTERESTED.

My wife and I just had our home foreclosed in North Carolina. OCWEN is the most ruthless business I have ever dealt with. Their Customer Service Reps do not speak good english, and can provide little to no help. they refuse to let you speak to a supervisor, and has put me on hold for over 2hours!. Once we got behind, we got into a forebearance plan, once we paid over $2900 just for them to approve the plan. Our monthly mortgage went from $450 to $968, and the principal was only $64,000, but the payoff was $102,000!. We used our acre of land as a down payment, and I believe this is why OCWEN was in such a rush to forcelose on us, without even attempting to compromise. We are still in the 10 day window after foreclosure, so if there is anybody who knows an avenue that we can go down to fix these guys, please let me know.

FOr those who are serious about a class action suit against this company, we truly need to all get together there is more strength in numbers. I also have an account with this company and when I asked them to re- structure my rate they told me that they could only offer me a forebearance. They currently are waiting to collect on an adjustable rate starting in november from me. Currently I am searching for ways to get out of this situation but they are not cooperative at all. Any advice please help and anyone interested in seriously starting some type of legal action please contact me I would gladly like to be a part of any action filed against this company.

Ocwen was doing a loan modification back in July when I mailed them updated financial information. As of August 2008 they were saying they never received it, so I had to fax them more info. We were notified that our house was going to sheriff sale september 18,2008. when I called them on September 17, 2008 about the modification they said it was approved and needed the paperwork back that day. They E-mailed it to me at 4:00 p.m. on september 17th and wanted it signed and a down payment of 1400.00 made by close of business that dya so it wouldn't go to the sheriff's sale. Banks close at 4:00 p.m., How is this even possible? What if I wouldn't have called them, would we ever received paperwork at all. They are a pile of SHIT and I hope they go under. They won't even talk to us now. We received a statement, stating that our house is in foreclosure, but there is a payment due Nov.2008. Do we move or make the payment?

we want to know should we go into foreclosure or just give the house back to the bank

After Ocwen bought our mortgage, my husband and I have had nothing but problems. On my first payment that Ocwen was supposed to withdraw from my checking account (I made an on-line payment to HSBC approximately 4 days from the transfer of our account), I noticed that the money was not withdrawn. I called HSBC and they told me that Ocwen was authorized to take the payment that I had made. HSBC gave me my new account number and Ocwen's phone number. I immediately called and asked why my payment had not been withdrawn. I also told them that I would be willing to resubmit another payment over the phone (I didn't want my payment reported late). The representative told me that they would investigate and that I could wait on the payment. I then received a letter from them about five days later. The letter stated that if I do not receive a written notice from Ocwen in 30 days, then I can consider this case closed and will not have to resubmit a payment. I immediately transferred my money for the payment to my savings account so that I would have it. Approximately 25 days later, I received another letter stating that I need to make that payment along with a late payment fee. I was distraught but paid it anyway. I later found out that Ocwen reported my payment as over 30 days late on my credit report.

I am now ready to refinance through Fifth Third Bank for a 30 year FHA loan at 5.5% interest. Everything was going great until my husband and I received our appraisal report. Our home is valued at $100,000 and we owe $108,000. Fifth Third told me to contact Ocwen to see if they can forgive part of the loan. I called them and got transferred to about 3 different departments. I also got disconnected about 5 times and had to keep calling back. Nobody over there can give me an answer to anything. I researched their direct Florida number on-line (the only number I have is the number to India. Every time I tried to speak with someone, they all gave me different answers. When I started to ask too many questions, they would put me on hold and then hang up on me.) When I talked to the receptionist in Florida I asked "Could I please speak with a loan-officer please". The receptionist then transferred me back to India. I then spoke with the person in India and asked if I could please speak to someone from the United States. The operator told me that first I would need to speak with her supervisor. I then spoke with him and also asked him if I could please speak with someone from the United States. He reluctantly agreed and transferred me. But, when the person from the United States answered, that person spoke in a whole different language. I then asked "I'm sorry, what was that?” She then said that someone transferred me to the Spanish speaking line.
I then had some questions about certain forms and she didn't want to give me any answers.

Yesterday, I received my monthly statement from Ocwen. I have a $110 bill for a property valuation expense. I called Ocwen and demanded to know why I was billed for this. I got transferred and surprise, surprise, I got disconnected. I called back and asked to speak with the home retention department (the person I spoke to before I got disconnected told me that he was transferring me to that department.) I spoke with someone and asked why I was being billed for that and he told me just a moment and put me on hold (I thought for sure that he was going to disconnect me, but he didn't.) He told me that every 6 months; my mortgage provider does a property valuation. I asked him why I was not notified of the charge before hand. He told me that I was. I asked him in what documents does it say that. I asked him if it was in my closing documents from HLC or a document from Ocwen. He told me that it was in a document from Ocwen. I asked him in what document and he put me on-hold again. He then came back on the line and said that he didn't know. He also told me that he would email me a response within 15 days. Guess what I just learned? They are in the government's back pocket. I just read this on-line. "Last month, Freddie Mac introduced a pilot program designed to guide 5,000 homeowners with high-risk mortgages through the loan-modification process, but it outsourced the job to a subprime loan servicer Ocwen." The government owns Freddie Mac. This is ridiculous and pisses me off.

I am almost done with my forbearance plan(twice my original payment) . I'm afraid of more fees ext.... Anyone out there with some info