Stall tactics with Ocwen?
I have a file with Ocwen were the seller is 96 yr old and was qualified for a $448,000.00 loan in 07. We are in Miami-Dade county FL and we use a system called MERS mortgage electronic registration services. My question is we have a sale date of 10/08/10 and ocwen will not stop the sale date. We have to go to court or submit a loan mod or file a BR. Should we challenge them to produce the note?
Replies to This Discussion
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Permalink Reply by Marcy Moyer on
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I would go after them for elder abuse. Call the department of social services and open a case ASAP.
Marcy -
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Permalink Reply by Jessica Rodriguez on
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Thank you Marcy, I am fumming when I saw his closing docs, Instead of doing a refinance for him they had him purchase a house that his wife had for 6 years prior and for alot more instead of doing a reverse mort. I am so aimed at having the file audited by an attorney that is our sister company. What do you think ?
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Selene,
In California there are very strong elder abuse laws. I do not know what it is like in Fla., but concidering the number of senior citizens it seems logical that this would be the case also. Elder abuse is a crime, punishable by jail time. I am not a lawyer, but it seems to me that any mortgage broker who gives a 92 year old a mortgage that is not a reverse mortgage has done something very wrong. If it were me I would be on the phone to an attorney and social services first thing Monday morning. I would also call a local news person. I have a contact at CBS news who may know someone in Fla. to cover this story I can contact if you are interested. -
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