Postpone a Sale with Ocwen
I have a file that had a foreclosure sale date scheduled for 12/12/11. Everybody I talked to was not willing to postpone the sale. I contacted the Trustee and they postponed the sale for me for 2 weeks because Ocwen did not send them some document that was required in order for the sale to take place.
Luckily, the buyer can close with all cash instead of getting a loan. And get this.... the opening bid was for 370k and our offer is for 425k. What is Ocwen thinking?????
I hope this information can help any others having difficulty with Ocwen. Maybe you will get just as lucky as I did.
Replies to This Discussion
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Permalink Reply by Ken Bailey on
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Even though Lacey's SS closed without the need for a postponement, I would be very interested to learn if anyone has had any success postponing sales with Ocwen. We have a file in that situation at the moment and Ocwen has told us many times that they do not postpone foreclosures. PLEASE HELP!!! thank you
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Permalink Reply by Mauro A. Trejo on
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I'm having the same issue!
Ocwen wants to foreclose on my client on the 15th of May and is not willing to grant any extensions. Upon my request for postponement and extension I explained to the negotiator I have the property listed at $200000 with 2 solid offers: Conventional at $220,000 and an All Cash offer at $190,000.
They told me to submit the ALL CASH offer at $190,000?!? These guys have no common sense that a 15 day extension to go with the conventional offer will NET them MORE MONEY!
If anyone has any experience with extensions with Ocwen, please post.
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