Ocwen Refusal to Negotiate from 2nd Lien Position Demand for $18,000
Just tweeted this as our Short Sale Laugh of the Day. Ocwen is servicing for an investor in 2nd lien position with a $55,000 loan balance. Extremely solid offer of $180,500 has been submitted and has received 1st lienholder's approval with $3,000 allotted for Ocwen. Ocwen refuses to accept less than $18,000. Can't even get them to discuss the decision.
Let's see, $3,000 now or $0 after foreclosure? Seems a relatively simple decision to us.
Has anyone had any luck moving them off of this seemingly impassible demand? Thanks in advance for your thoughts.
Chris Black, Attorney
8695 College Parkway, Suite 1041
Fort Myers, Florida 33919
P: (239) 985-4142
F: (239) 425-3518
W: www.shortsaletitlesolutions.com
Twitter: www.twitter.com/wingedfoottitle
Replies to This Discussion
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Permalink Reply by Jeff Payne on -
Chris, keep pushing and push to the top. Get the CEO on the phone and tell him how much his short sale department is costing him. I would imagine for every case like this, there are thousands more, multiply that by the $3000 and see what that looks like.
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Permalink Reply by Jeff Payne on
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Chris,
Try these people
David Gunter
Executive Vice President and Chief Financial Offic…
+1.561.682.8367
david.gunter@ocwen.com
Christine Reich
President
+1.561.682.8569
criech@ocwen.com
More to come! -
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Permalink Reply by Jeff Payne on
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Brian Reinheart
Chief Revenue Officer Chief RISK Officer Vice Pres…
+1.561.682.8000
brian.rienheart@ocwen.com
Scott Anderson
Senior Vice President
+1.561.682.8000
scott.anderson@ocwen.com
Kavita Parkekh
Field Service Contact-Loss Mitigation
+1.561.682.8000 x6412
kavita.parekh@ocwen.com
Cindy White
Loss Mitigation
+1.561.682.8000
cindy.white@ocwen.com
Let us know how it goes!!! -
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Permalink Reply by Judy Chapman on -
These banks keep upping the ante and making it impossible for the seller. Used to be they demanded 10% of outstanding balance. Now it's 10% of the contract price. Ridiculous. It seems the worse their bargaining position, the more arrogant they become.
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Permalink Reply by Chris Black on -
Excellent! Thanks, Jeff! We will certainly let you know how it works out.
Thanks again.
Chris
Jeff Payne said:Brian Reinheart
Chief Revenue Officer Chief RISK Officer Vice Pres…
+1.561.682.8000
brian.rienheart@ocwen.com
Scott Anderson
Senior Vice President
+1.561.682.8000
scott.anderson@ocwen.com
Kavita Parkekh
Field Service Contact-Loss Mitigation
+1.561.682.8000 x6412
kavita.parekh@ocwen.com
Cindy White
Loss Mitigation
+1.561.682.8000
cindy.white@ocwen.com
Let us know how it goes!!! -
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Permalink Reply by Chris Black on
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Posting an Ocwen short sale success story to the Ocwen board now! Thanks ShortSaleSuperstars for your help.
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Permalink Reply by Rob McGarry on -
I contacted the Chairman/CEO a few weeks ago on my deal and got exactly what I wanted. Ocwen has a department that responds to those messages as a consumer advocate...VERY helpful.
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Permalink Reply by Deborah McKnight on -
I have a short sale with Ocwen...cash buyer, funds are in. The escrow company won't close without the bank signing off on the HUD....the escrow officer and I have sent URGENT emails into the black hole of the internet...nothing. Escrow says they can't close...any escalation ideas from anyone may save this deal...thanks...(I did just call the numbers provided here...they don't recognize the last name REICH, the CEO...).
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