"Yes Kevin, you are correct. It is an HECM, and HUD is the approving agency. Interestingly, they had our short sale approved when we had 92.65% of appraised value, but when the switch to NOVAD happened we had to go back for approval. …"
"HELP! We are struggling with the change over to NOVAD. We had a HUD approval and were ready two weeks away from closing. Buyer's FHA appraisal came in low $5,000 low. We are now one week past our original closing…"
"As far as I know - Altisource is a part of Ocwen somehow - when my home was in the process of being sold - they unilaterally came in and posted notices that they were to be monitoring and overseeing the house for Ocwen. I was still paying the…"
I have listed a short sale in CA for a home and received an offer which I am going to submit to Ocwen. I spoke with their relationship management department today and they advised my of everything they will need for the short sale. They also set…See More
"Ocwen was just fines by the DOJ beacaue of back dating documents. So any dated paperwork that differs would not surprise anyone. What disgusts me is that if that were any of us we would be jailed, or license suspended.
Thanks for posting this - I have actually started putting together some of my papers to close out my file and one of the things that appears repeatedly is that the documentation is dated minimally one to two weeks (sometimes MORE)…"
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