OCWEN

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Comment by Jeff Payne on August 27, 2010 at 9:19am

Thanks to Tom Olsewski for posting this Active Rain Blog! Fred Weaver is a good friend of mine and he calls these lenders OUT! We all need to expose these lenders and their tactics.
http://activerain.com/blogsview/1650594/ocwen-and-its-president-ronald-m-faris-called-out-as-two-faced-

Comment by Wendy Smith on August 25, 2010 at 1:13pm

One of the other groups had contact info for the Office of the Comptroller, perhaps we will give that a shot. This is just so wrong - everything about the short sale approval is like HAFA right down to the addenda - they just left out the part about a FULL release of liability. That didn't happen by accident, especially after talking to the foreclosure attorney - I know that wasn't by accident.

Comment by Jeffrey Burnham on August 25, 2010 at 1:10pm

Remember...these are "guidelines".... not LAWs. Your client doesn't have to accept... but you'd have to resubmit and START ALL OVER if you want a different result....but then Ocwen could possible foreclose . My understanding is that FL & TX are nightmares to collect judgements even if Ocwen tries to pursue (not that that's any consolation.)

Comment by Amaryllis Rodriguez on August 24, 2010 at 1:32pm

The problem with all short sales LACK OF COMMUNICATION, I'm having problems communicating w/ OCWEN. COMMUNICATION COMMUNICATION COMMUNICATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Comment by Jason Glee on August 13, 2010 at 1:23pm

7 months after close, Ocwen has circled back and sent a letter stating "loan is paid". A portion of the difference between the sales price and the loan amount was written off, resulting in a status of account paid in full for less than full balance on credit reporting. This does not affect the amount that you owe us however." Can annyone decipher this ?? They did some sort of write off to have loan paid in full for less then owed reported, but are then saying this does not affect the amount that you owe us however....They got $400k on a $450k note...then wrote off a portion of $50k to report it as paid, now are they gonna come after the $50k anyway..can they do both ? report paid in full for less then full balance then come after deficiancy ? I'm all ready paying off a 2nd lender (green tree) in installments as they immediately cam after their difficiancy.

Comment by Stephen Shafer on July 20, 2010 at 7:53pm

Never turn down a listing, our profession is to help people buy & sell homes! Our othe job is to perserver against all odds ie bank negotiators. If it is Ca. I wil take the listing I love challenges.

Comment by Anna Mackey SDHS on July 17, 2010 at 7:37pm

Stephen, WOW! That is sooo cool how you whipped Ocwen into shape! I would love to hear some more about your experience with Ocwen... I'm working a deal with them right now and they are driving me bananas! Could you call me sometime to chat about that? I am at 858-254-8497 or email me to anna@SDHS.com i would be forever grateful!

Comment by Lori Young on July 14, 2010 at 2:38pm

My Saxon was transfered to Ocwen. I will never work with this firm as they foreclosed on my customer Monday after the buyer invested so much time and energy into the short sale process. Ocwen sucks.

Comment by Stephen Shafer on June 16, 2010 at 9:30pm

I had a Saxon file that was transferred to Ocwen at the brink of approval. Ocwen drove me CRAZY with the India call center until I got a contact via our loan mod section that helped.But face with a Trustee Sale & no solution I downloaded and had my client sign all the loan mod docs, faxed them in & got the sale poatponed 1 hour before the sale. Then had her write a letter requesting the short sale proceed to complete the deal also getting my $ 17,400.00 short sale negotiating fee from Ocwen. My boss loved me for about 2 minutes and said close more deals!

Comment by Christian Medina on June 7, 2010 at 6:26pm

Hi Rhonda,
I had the exact experience as you are having with Ocwen, but I am now getting ready to close a deal with them. Try contacting Natasha at this e-mail Natasha.Sabugo-Burke@ocwen.com. Tell her your situation and perhaps she can help you out. P.S., don't tell her I gave out her email address. Here is her direct line 866-746-2154.
Hope this helps.

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