Ocwen

OCWEN After requesting help (modification) they raised my mortage $800! because they like for escrow accts. to be 2 months in the cushion! Internet

12th of May, 2011 by User103312

Ocwen has to be the worst company to hold your mortgage!! My mortgage was transferred to them after TB&W got into trouble with the government. Due to a cut back in work hours, late payments with the mortgage are constant. I thought this would be a perfect time to file for a Home Modification, before things got out of control. Well!! I contacted Ocwen, they emailed me the packet the next day and raised my mortgage payment $800 more 2 days later!! Stating they (Ocwen) like for the escrow account to be 2 months in the cushion!! BULL S*** !!
Tell me how can I affored this when I'm having problems making the original payment?!! Excuse me but, the last time I checked, home modification should help you lower your mortgage payment not raise it!!

Track this Report 1 Comment | Post a Comment

Comments

4939 days ago by Deanna

Because so many people screw them over with being behind on there escrow account. My boyfriend is in the negative $6600.00...all of it escrow from Dec 2010 and Apr 2011. Ocwen had to pay the property taxes, but has yet to collect from my deadbeat boyfriend who does not pay any of his bills and steals money from myself and his family and friends. You must allow Ocwen to protect themselves because of losers like my boyfriend. You are aware that Ocwen is a subprime lender? That means that you have crappy credit like my boyfriend and a mainstream mortgage company won't take you. Deal with the demands.