Ocwen Denial of Valuation and push to foreclose
I have a file with Ocwen that also has gone in and out of Equator. We submitted in November.
Ocwen set a foreclosure sale date in February after numerous calls verifying no sale date. The file was never reviewed for HAFA, and now denied HAFA as the foreclosure sale date is no less than 60 days. I have achieved a foreclosure postponement. However the foreclosure has evidence of robosigning and is possibly fraudulent.. I have escalated and we do have a congressperson involved.
Couple of questions?
1. Has anyone tried to get a copy of the BPO pursuant to REG B part 1002 that took effect January 18, 2014? I have received a letter that they" refused to provide the valuation as it is used internally"
2. Has anyone successfully had the CFPB actually caused a lender to tow the legal line? I have found OCC effective. So far CFPB doesn't have the same teeth.
3. Has anyone had a GMAC/ Ocwen short sale approved and closed in less than 6 months?
If so How?
Replies to This Discussion
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Permalink Reply by TOP END Properties on
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1. Try to get the BPO value .. but if they refuse you'll just have to do your own BPO and submit the best offer you can get.
2. I had a recent file scheduled for foreclosure sale, and the Monday after the foreclosure date I find out that Ocwen decided not to foreclose and they do not have a new sale date. Was very strange but I'm happy ;)
3. 6 Months should be do-able if you get all the documents in quickly and follow up for revisions.
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