Replies to This Discussion

Permalink Reply by Lori Young on October 5, 2010 at 5:10am

From my experiance with Ocwen, they are not interested in assisting homeowners. I escalated my file to the Office of the President of Ocwen. I had a valid offer and they would not extend out approval for the buyers financing. The house was foreclosed on six months ago and now sits abandoned, full of mold and falling apart. I will never take another Ocwen file. The secretary for the company President told me "no" to postponements period. This is in Florida, not sure about your state.

Permalink Reply by Jeff Payne on October 5, 2010 at 5:27am

[email protected] PLEASE email him and remind him of the interview that he did, in case you have not seen it, here is the link.... http://www.palmbeachpost.com/money/ocwen-financial-president-ron-fa... Then be sure to contact the reporter that wrote the article. Make some noise!
I must warn you, Ronald Faris talks out both sides of his mouth, check out this email that we wrote to a colleague, names left out to protect the innocent :)
Mr. XXXXXXXXX,


Can you help me understand how a short sale will help the homeowner? My goal is to find a solution that keeps the borrower in their home. If that is not possible, then there is no meaningful difference between a short sale and a foreclosure sale. If you have a buyer for the property, we can always sell them the property post foreclosure sale. As it looks like you are a real estate agent I can understand that you are concerned about losing your sales commission.


I suggest you have the borrower contact Mr. Coykendal to see if there is any way for us to do a loan modification.


Regards,


Ronald M. Faris

Permalink Reply by Jeff Payne on October 5, 2010 at 5:41am

The reporter that interviewed Ronald Faris is Kimberly Miller, [email protected] 561-820-4435
Call her ASAP, the media needs to know this, especially the reporter that Ronald Faris lied to.

Permalink Reply by Mike Sher on October 12, 2010 at 11:07am

Yes, they just postponed a sheriff sale that was set for 10/12/20 and moved it to 11/16/2010. I had a great negotiator and I begged and pleaded. The reason for the delays was that we got an approval on Sept 15th and the buyer's lender just did not have enough time to get it cleat. My negotiator said that they would not postpone the foreclosure but she would try. I armed her with a letter from the buyer's lender stating what the delay was and a commitment from the underwrite with limited conditions.

Permalink Reply by Smitty on November 10, 2010 at 2:13am

Hi Lori,
I'm with you. I cringe when I see Ocwen. I won't take Ocwen if they are even remotely close to a foreclosure date. If they aren't too behind on payments I'll consider, but I know it won't be worth it.

Permalink Reply by Heather Fennig on February 22, 2011 at 6:40am

Can anyone give me a contact at Ocwen?  I have a listing going to sheriff sale this Thursday - I need 10 days to get it closed and no one at Ocwen will talk to me about postponing the sale.  I have been told numerous times it is against their policy to change it once it's been scheduled

Permalink Reply by Jessika Zaragoza on March 8, 2011 at 3:09pm

yes they have for me twice :)