| Re: anybody done a loan mod with Ocwen loan serv
Be defiant, they are not ones to miss a payment on, ever. Stay at them as weary tells you, call, call, call and fax, fax, fax and by all means send them a hardship letter. Them not working to make a proper decision is just not acceptable. Course, given the institution, reading may be optional for a job there. Sorry got carried away.
The mods that they offer if they are what Weary got and some others that I have seen are fine as far as the rate and term reduction it is that signing away of rights....I would not do that.
They may or may not include that in the package, if you need the mod badly enough and the terms are reasonable, heck if it were me I would keep current and when the papers came, let us know. Then if they are reasonable sign the Mod itself, but not the I sign my Rights away paper and see what they do. I do not believe that they can do that piece of paper.....you would need to consult an attorney on that one, but no lender I have ever worked for directly would have dreamed of that scam. |