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My original mortgage was with New Century. I refinanced in 1999 for around 76,000.00. When OCWEN took my loan over, I did have some forebearance agreements and late payments, but have made regular payments as much as possible. The only time I did not was when Mississippi was declared a disaster area and mortgage payments were deferred during this disaster. I fell behind on my mortgage with OCWEN and called to make arrangements. I spoke with Ocwen rep, who said I could have a fixed rate of 11.500% with notes at 921.00 EXCLUDING T&I. I would have to submit a 2000.00 down payment. What I could not understand is the fact that the balance on my home was now 88,000.00 !!! Now I have gotten a foreclosure letter from Shapiro and Massey in Jackson, MS. The letter states that my mortgage is now 90,000.00. I had someone from examine the payment history I requested from OCWEN and they see numerous unwarrented charges on my payment history. I would like to know how I can keep my home without being overcharged by OCWEN. I would also like to speak with someone who speaks English as a first language. I am no longer receiving child support from my exhusband. OCWEN is foreclosing.
I had the same problem, I was 60 days behind and made arrangment to make all 3 payments on the 1st of april, I called on that day to do the wire, they said it was now 1000.00 more due to attorney fees. I told them they could keep the house if they wanted to be that way about it. And they did, they started forclosure proceedings. I was now dealing with a different dept. and asked If I could do a short sale. they agreed. I found a buyer and sold it in nov of 2002 for
111,000.00 the orig mortgage was 130,000.00 plus the 11 missed payment (11,500.00) came out to be 141,500.00 so to make a long story even longer, the bank lost 30k all because they wanted to play hard ball. And by the way I still own the house today as I bought it back from the person I short sold it to. he wanted out of the home so I got it for what he owed. Today I have lots of equity, great credit and a good job doing home delivery for a local milk company.
the moral of the story is to do what is right and you will be rewarded. I fell on hard times did my part to remedy the situation and they tried to add more fees, They in the end lost $30,000.00
I’ve been rewarded in many ways. my payment is 400.00 less that it was because of the reduction in principal bal and reduction of the rate from 10% to 6.5%
I believe in paying on time and pay what is owed and by living by this standard I’ve found life more enjoyable and profitable. If you need a mortgage or advise fill this form out. Stop Foreclosure