Buyer of an Ocwen Short sale in Dutchess County, NY- going on 10 months
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I recognize that as a buyer we do not have much of a voice in the matter, but I figured I would reach out for some help.
We do not know much.
The seller's attorney is our only connection with Ocwen but the whole deal is also going through the court system. The court has deemed that everything is in order and that Ocwen needs to close. We have gone through 5 addendums and closing dates and supposedly all we are waiting for is the approval letter. Ocwen continues to ask for updated HUD forms and most recently started the process from the beginning again.
The seller's attorney does not feel comfortable calling Ocwen since all of his communication has been through an attorney representing Ocwen or the original bank, we are not sure. The original bank is HSBC.
It seems like Ocwen and the attorney are saying completely different things and communication is a nightmare and very contradictory.
Any advice? Our lawyer does not know what to do and we are to the point of calling Ocwen ourselves.....yet, who would we call?
Has anyone had this happen?
Is it possible that this run around game will continue and then the whole thing will fall to pieces?
Thank you so much in advance for any words of advice...we need a short sale angel:)
I recognize that as a buyer we do not have much of a voice in the matter, but I figured I would reach out for some help.
We do not know much.
The seller's attorney is our only connection with Ocwen but the whole deal is also going through the court system. The court has deemed that everything is in order and that Ocwen needs to close. We have gone through 5 addendums and closing dates and supposedly all we are waiting for is the approval letter. Ocwen continues to ask for updated HUD forms and most recently started the process from the beginning again.
The seller's attorney does not feel comfortable calling Ocwen since all of his communication has been through an attorney representing Ocwen or the original bank, we are not sure. The original bank is HSBC.
It seems like Ocwen and the attorney are saying completely different things and communication is a nightmare and very contradictory.
Any advice? Our lawyer does not know what to do and we are to the point of calling Ocwen ourselves.....yet, who would we call?
Has anyone had this happen?
Is it possible that this run around game will continue and then the whole thing will fall to pieces?
Thank you so much in advance for any words of advice...we need a short sale angel:)
Replies to This Discussion
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Permalink Reply by Dean E Eshelman, CPA, CDPE, IRES on
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Unfortunately, as a buyer Ocwen will most likely not talk with you. Only the Seller, Sellers' attorney and third parties the Sellers authorize.
The only thing you might do is file a complaint with the CFPB (Consumer Financial Protection Bureau). http://www.consumerfinance.gov/ They will communicate directly with Ocwen Management.
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