I was informed by Ocwen today that they will not extend any short sale closing dates with approvals prior to 3/1/14 because of new guidelines set by the Consumer Finance Protection Bureau (CFPB).
I find it hard to believe this was the intentions from a CONSUMER PROTECTION agency. To me it just sounds like spiteful retaliation from Ocwen.
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There's an easy solution to the frustration.
No longer take any Ocwen, Hubzu, Altisource, short sales. Same with Nationstar / Auction.com
Talk about "into the valley of death" - I would tell the seller they are doomed and throw the file away !
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