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.wingedfoottitle.com

W:  www.shortsaletitlesolutions.com

Twitter:  www.twitter.com/wingedfoottitle

 

Views: 910

Replies to This Discussion

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.
Chris,
Try these people
David Gunter
Executive Vice President and Chief Financial Offic…
+1.561.682.8367
[email protected]

Christine Reich
President
+1.561.682.8569
[email protected]

More to come!
Brian Reinheart
Chief Revenue Officer Chief RISK Officer Vice Pres…
+1.561.682.8000
[email protected]

Scott Anderson
Senior Vice President
+1.561.682.8000
[email protected]

Kavita Parkekh
Field Service Contact-Loss Mitigation
+1.561.682.8000 x6412
[email protected]

Cindy White
Loss Mitigation
+1.561.682.8000
[email protected]

Let us know how it goes!!!
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
[email protected]

Scott Anderson
Senior Vice President
+1.561.682.8000
[email protected]

Kavita Parkekh
Field Service Contact-Loss Mitigation
+1.561.682.8000 x6412
[email protected]

Cindy White
Loss Mitigation
+1.561.682.8000
[email protected]

Let us know how it goes!!!

I am a seller who had been suffering with the short sale process with Ocwen.  It's a very long story, but I was absolutely desperate.  I searched the internet and found on this website about how to make alternative contact with Ocwen's Executive offices.  I had gotten no where with the general short sale department that was full of foreignors I could never understand.  I took the advice of this entry and called every one of these numbers until I found someone to talk to.  I finally got an answer from Scott Anderson's office.  The secretary put me with another person who finally got my short sale approval!  Jesna said it would be 24 hours, which I thought had to be 24 business hours.  NO, she was exactly correct.  I called on a Thursday afternoon and she had approval on Friday afternoon!  I'm sure it helped with my hugh folder and the ridiculous amount of times I called.  My sale is complete after 6 months of tedious work!  Thanks!

Posting an Ocwen short sale success story to the Ocwen board now! Thanks ShortSaleSuperstars for your help.
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.

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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