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Ocwen short sale information

This group is for information, tips and solutions for OCWEN short sales.

Members: 648
Latest Activity: Mar 18, 2022

Ocwen Short Sale Information

 

 

Click The Button Now To Hire A Short Sale       Superstar To Support You.

Ocwen Short Sale Package.pdf

 

Fax for Third Party Authorization 1-407-737-6300

 

Fax for Short Sale package 407-737-6352 (updated August 2014)

email [email protected] 

 

Short Sale direct phone 877-596-8580

 

Customer Service 800-746-2936

If you need to get in touch with the home retention dept that number as listed on the paperwork is 877.596.8580.


The hard ship package should be faxed to the home retention dept at 407-737-6352

[email protected]   For short sale packages

The contact #: 800-746-2936 option 4 then option 9

If you can't locate the loan try Loss mitigation at 877-521-3698

FX for LOA: 866-501-1610 EM SS Pack to: [email protected]

 

FOR ESCALATION; Use sparingly......

[email protected]  this should be where you start.

2nd escalation is Michael Rapp at the following email address [email protected]. as of 9-11-14

AND.....Ocwen's Ombudsman is a consumer advocate, they'll work with you to get issues resolved. Give them a call, they are super to work with.  The first time I called them, they put me in touch with someone who got me an approval.  I would call and email them: [email protected]    Phone: 800-390-4656.
Ocwen Loan Servicing
P.O. Box 24737
West Palm Beach Florida 33416.
https://www.ocwencustomers.com/home.cfm

Ocwen Loan Servicing LLC - Servicing Transfer Information

Servicing Transfers to Ocwen
o Ocwen will honor all non-expired short sale approval letters issued by the prior servicer. An
approval letter reflecting the originally approved terms will be re-issued on Ocwen letterhead
when the loan is transferred .
o Short sales in process but not approved by the prior servicer will require an Ocwen short sale
package to initiate a new request .
o All Authorized Third Party information provided by the prior servicer will be uploaded as part
of the loan transfer process, so as to minimize disruption to the communication process.

Discussion Forum

Games that Ocwen plays

Started by Larry Sarlo. Last reply by HarryJohnson Mar 18, 2022. 18 Replies

first it was GMAC then serviced by Ocwen had to update the entire file, then ocwen took over the entire file and had to again update the entire file...  then borrower was not qualified for HAFA  then…Continue

Ocwen transferring all loans to PHH MOrtgage

Started by Jeffrey W Wolff. Last reply by Dean E Eshelman, CPA, CDPE, IRES Feb 7, 2019. 1 Reply

Just so everyone knows, Ocwen is in the process of transferring all their loans to PHH Mortgage, which I believe is a subsidiary to Ocwen.Major issues with this.JeffContinue

Will OCWEN approve shortsale on vacant home?

Started by Katie S.. Last reply by Katie S. Mar 22, 2018. 6 Replies

My basic question is, would OCWEN approve a short sale on a house that has been vacant for 9 years? It was a single family primary residence before the owners defaulted in 2007 and moved out in 2009.…Continue

OCWEN GIVING INVENTIVE PAYMENT TO TENANT

Started by Kathleen Sheridan. Last reply by Brett Goldsmith Sep 12, 2016. 2 Replies

We are doing a short sale on a tenant occupied duplex. One unit is vacant, the other is still occupied. Ocwen says to put $10,000 on the HUD as an incentive for the tenant.Does anyone have experience…Continue

Comment Wall

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Comment by Joseph Brugess on May 8, 2014 at 6:11am

*****************URGENT URGENT URGENT URGENT URGENT************************

LADIES AND GENTLEMEN

BOYS AND GIRLS

THIS IS GOING TO CHANGE THE GAME IN REGARDS TO THE OCWEN ALTISOURCE PROBLEM THAT WE ARE ALL FACING.  EVERYONE USE THIS TEMPLATE LETTER, AND WE WILL TOGETHER DESTROY THIS EVIL RELATIONSHIP.

 

Comment by Bill Garrett on April 24, 2014 at 10:36am

OCWEN 10% CLOSING CAP. 

Does Ocwen include the amount paid to a second mortgage in the closing cost total?  I am trying to get under their 10% cap.

Also, does anyone have a definitive list of what Ocwen considers to be part of what is included in the closing cost total, and/or a list of what settlement sheet items are NOT part of the magic closing cost total.

Thanks.

Comment by Donna McClelland on April 23, 2014 at 6:22am

Ocwen%20Auction%20Funny%20Business.pdf    CHECK THIS OUT!  Turns out Ocwen has a reason for putting these properties on the auction block - - and the reason certainly does not surprise me - the crooks running the place have ownership interests in the auction company!!  Check out this article from the Daily Dose.

Comment by Thom Colby CA Brkr 888-391-5245 on April 21, 2014 at 7:46am

TODAY's HOUSING WIRE STORY ABOUT OCWEN, ALTISOURCE and HUBZU

http://www.housingwire.com/articles/29734-lawsky-wants-answers-abou...

Comment by Estella Drake, CDPE on April 18, 2014 at 4:47am

OCWEN ROBOTS IN INDIA: Ok, here is what is happening - After multiple attempts to email/fax the short sale package for a HAFA short sale approval the short sale package was sent priority UPS on 02/03, after multiple calls I could never get an answer if they had it or not, but finally after a few months I receive a message they want updated paystubs/done, but the email/fax request kept coming and calls were made to say, we have everything we need now. On 03/21/14 same scenario and cash offer sent FedEx on 03/21/14, for HAFA approval..at that time no trustee sale date, than here comes the trustee sale date of 4/22/14, and told no HAFA allowed but a traditional short sale because I did not get everything in on time (what a joke), 4 times I was told a request to extend the trustee sale. I received a call from Shaquib which shocked me and told what changes to make on the HUD - followed his steps and returned the HUD, Addendum 1 (told the seller could contribute to the SMUD bill which is 5,500, I said, are you sure and he said, yes, he also told me if I don't hear back from him to not worry and he will call me only if something else is needed, guess what, I called and yes, a problem with the HUD. Told seller cannot contribute after being told yes! Now seller does not have to borrow the money, but guess what, since Ocwen Shaquib said they made an exception of $2,000 rather than 8% they usually give to second lien holders the recent rep did not see it approved and had me on hold for 30 minutes to say I was correct, the only person that will and can contribute is me - $3,700.00 is leaving my commission to save this family from foreclosure. I was also told today that yes the request is in upper management and there is not one person that can escalate or help. This file has been a joke since the beginning and it clearly looks like from the start this investor prefers the file to go to trustee sale. I am on the phone right now with Ocwen Ombudsman and reached India, but asked to speak to someone in the USA and was transferred, let's see what happens. Over 25 calls have been made on this file to get to this point - also, received the one and only letter saying that the delay was on my part, what a joke! Last year I worked with Ocwen on a short sale via Equator where the negoitiator told me that I did a fantastic job, also received thank you from Wells Fargo & recently B of A for my complete packages. Yes, I followed the protocol above and contacted everyone, ugh!!! I will be referring my Ocwen short sales out to avoid this stress and I completely feel like dealing with Ocwen in India is like dealing with a bunch of robots.  Beware Ocwen is not playing nice and is getting away with setting your clients up for a foreclosure.

Comment by Ashley Den Uyl on April 11, 2014 at 5:18am

I have a property that just went to sheriff sale on 3/27/14 and a law in Michigan gives the seller 6 months of redemption to complete a short sale. OCWEN reps state that I need to talk to the REO department. The REO department is Altisource and my seller refuses to use them. How do I get around Altisource in this situation?

Comment by J. Mario Preza on April 3, 2014 at 9:13am

Hey SS stars, quick question about Ocwen's SOP, your respective take on that, and to get some opinions and/or recommendations about how to address and proceed with this outfit on a long overdue short sale. 

Starting with the shuffle from another servicer to Ocwen, after the prior servicer approved the short sale, we are now on the 4th month of "negotiations" with Ocwen, and they still have this routine of yes/no, maybe so, but always pushing a decision back always resorting to the standby excuse we're missing this or that, file is under review, CFPB is checking, stale-dated documents, not qualified for the program, etc.  I'm sure you've heard it all before.  However, what, if anything, can we do beyond resorting to an ineffective ombudsman, an unresponsive relationship manager, a laughable short sale team that seems lost, and a dubious trouble shooter that hasn't done much to fix this overdue HAFA short sale approval?  Help!!!

Comment by Wendy Smith on April 3, 2014 at 1:55am

Thank you Kevin - great link!

Comment by Kevin - Greenville, SC on April 2, 2014 at 4:21pm
Comment by Vanessa Machado on April 2, 2014 at 3:57am

HELP - ANYONE HAVE CONTACT FOR ESCALATIONS? I'VE TRIED ALL THE ABOVE LISTED INFORMATION & NO LUCK.  I've had the foreclosure postponed 2x (one recently scheduled for March 24th).  I received short sale approval on 3/17 and it expired 2 DAYS later!  I put in the request to extend the Approval letter through the end of April.  Here we are April 2nd, no extended approval and foreclosure set for May 8th!  This bank is ridiculous...you'd think they wanted this closed ASAP.  My Email is [email protected] if anyone has any tips.  Thanks!

 

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