Foreclosure Help – Stop Foreclosure – Loan Modification

Can foreclosure be stopped

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.

can foreclosure be stopped

Thursday, May 8th, 2008, by Foreclosure Help and is filed under "Can foreclosure be stopped, Foreclosure Help with Ocwen Mortgage, fallen behind on mortgage, Can foreclosure be stopped, Ocwen foreclosure ". You can leave a response here, or send a Trackback from your own site.

Stop Foreclosure says:

May 15, 2008 at 3:52 pm

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

Can foreclosure be stopped

One Response “Can foreclosure be stopped”