Ocwen - cancellation verbiage for sales contract

Does anyone have the cancellation verbiage that Ocwen wants on the sales contract?

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Permalink Reply by Short Sale Superstars LLC on September 16, 2014 at 12:42pm

Ocwen typically doesn't request special verbiage to the sales contracts to my understanding in regards to cancellation. If verbiage is requested to be added by the negotiator then you could draw up an addendum to present down the line.

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Permalink Reply by Pam Shirk on September 17, 2014 at 1:45am

Hi Brett,

I was able to get ahold of someone form Ocwen and this is what they told me to add:

The seller's obligation to perform on this contract is subject to the rights of the Mortgage Insurer [if any] and the Mortgage Holder, ​relating to the conveyance of the property.

Thanks!

Permalink Reply by Heidi Hovatter on September 18, 2014 at 7:30am

Hi-

I needed this verbiage too from Ocwen.  Thanks for posting it.

Heidi

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