FROM www.shamethebanks.org: Time is running out as Ocwen has upcoming foreclosure sales on homes. There is hope: Ocwen has approved American Homeowner Preservation (AHP) short sales for each of these families, but is insisting that the families move out.
According to the website, AHP works with homeowners' lenders to approve short sales, discounting their loans by an average of over 60%. With these steep discounts, AHP can offer families an affordable lease and an option to repurchase their homes at a fraction of what the family previously owed. Thus, AHP creates equity and the incentive for families to stay and pay, preventing foreclosures and preserving neighborhoods.
You can help. Jorge Newbery from AHP has created a count down of the families that Ocwen will needlessly displace in 2011. You can see it below and we'll be adding homes to it as Ocwen continues to refuse help to homeowners with affordable solutions.
SEE COUNTDOWN: http://www.shamethebanks.org/richard/ocwen-countdown-to-foreclosure
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