Old 08-13-2008, 09:48 AM   #1 (permalink)
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Angry Ocwen Loan Servicing

Hello and Good Morning,

I just called both lenders for me and my boyfriend and then have no record on file that they have authrization to talk on my behalf. Does any lawyer know why they would have any authrization on file ? Please help.

Alvin9


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Old 08-13-2008, 10:37 AM   #2 (permalink)
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Re: I have a lawyer working with me...can i rust them?

Alvin,

Welcome to the forum and thank you for joining.............

Can you please post your story including.............
Who is the lender?
What is the interest rate?
Is it interest only or PITI?
Are you in default on the loan?
Who is on the loan?
What state are you in?
Are you calling the lender for a modification?
What caused the hardship and is it now over?

We are not attorneys on this forum so I am not sure what you are trying to ask................
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Old 08-19-2008, 06:16 PM   #3 (permalink)
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Re: I have a lawyer working with me...can i rust them?

Ok so I am working with a lawyer and a modification person for my two propertys and my boyfriends and I was told from the loan modification guy who is helping me for my boyfriends that his got sent to India...(geeeez) anyway I am trying to save my two homes and my boyfriends. My question is this I had a neg am loan for one of my properties which caused the other property to fall behind...How much is the lender actually willing to eat? Let's say that my mortgage is 2300.00 a month and I make 2300.00 a month because my boyfriend was ripped off in closing cost when he refi about 30k in closing cost. Will the lender see that and say wow you really were ripped off and lower his payments by a whole lot lets say 1200.00? Any answers are welcomed.
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Old 08-19-2008, 06:19 PM   #4 (permalink)
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Re: I have a lawyer working with me...can i rust them?

That would be a question for the modification person that you hired to help you.............
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Old 08-24-2008, 05:42 PM   #5 (permalink)
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Re: Ocwen modification or refi somewhere else

Hello and good evening,


My boyfriend has his loan with Ocwen and I have someone that I hired ( a lawyer and a her boyfriend) who are taking there sweet time on this loan. My boyfriend is going to be 5 months behind..how loan does a loan modification take? I sat down with my boyfriend and we wrote a true hardship letter today and the lawyer and loan mod guy said that it is not good to write the truth. I dont get it. Then they are asking him to get a letter from his doctor saying that he was out for three weeks. Shouldnt they have to send all of this information to Ocwen first and then see what there responses are? I am really getting tired of my houses and my boyfriend. I am paying two idiots so I can do the work. I wish I could really light a fire under their you know what. Sorry but I am really upset. Can someone tell me if they what they are doing ?
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Old 10-22-2008, 10:50 AM   #6 (permalink)
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Re: Any other Ocwen folks here?

Does anyone know that if you do a loan modification with ocwen if you must do taxes and insurance? Please anyone reply. Ocwen is telling me that I must included taxes and insurance.
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Old 10-22-2008, 11:23 AM   #7 (permalink)
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Re: I have a lawyer working with me...can i rust them?

yes..........the investor on the loan can require escrows as a part of the modifcation agreement.
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Old 12-02-2008, 02:31 PM   #8 (permalink)
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Angry Ocwen Loan Servicing

Good Afternoon,

I recieved and sign documents from Ocwen however my payments are lower but not enough to make the mortgage payments. Now I have been reading every were about the TILA and also that the fee that were assest on my loan were added into the loan plus all of the months that I didnt pay. So my question are as followed....can Ocwen add the fee and the unpaid mortgage on the back end of the loan and also how do I know what does a real loan modifcation look like. I have a 5 percent interest rate for three years and then they said we will see from then. I worried that I have been taking for another ride. To top that I have never ever recieved a notice of default when I have a sale date on Dec 29. There is just to many thing here that dont make sense to me. Please help. When I refinanced my loan in feb I was asked to back date the TILA.

I cant sleep please help....
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Old 12-02-2008, 03:12 PM   #9 (permalink)
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Re: Ocwen Loan Servicing

Yes they can either ask you for the past due payments and fees either up front or capitalize them back into the principle.........they are payments that are owed so they do collect them.


What happened to the attorney that you hired? Are you able to show them your documents so that they can go over them with you?
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Old 12-02-2008, 04:47 PM   #10 (permalink)
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Re: Ocwen Loan Servicing

Well *** he got his money and his girlfriend was a debit attorney not a real estate but the loan officer has been doing this for many year but still I dont think he can out smart Ocwen. I have done enough research to see that they are a predatory lending company especially with the whole truth in lending act. yes he did lower the payments but when there is a lawyer involved lender dont like to get into more trouble. I just hope that my boyfriend did not sign something that could of help him. There are too many scam artist out there.
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Old 02-09-2009, 02:46 PM   #11 (permalink)
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Re: Financial Income sheet

First off i want to thank everyone for explaining there story and situations. My friend had a loan mod done with ocwen but unfornately one month he made his payment late but before the end of the month. Ocwen refused to reinstate the "proposed loan mod" so now I am helping him to get another one done. Funny as it sounds I got the same lady in FL twice...she was sweet as can be. She had told me what was on his financial worksheet and some of the numbers did not sound right to my ears..so I told her that if she can call me back later and we can put the numbers in again since we are starting all over. Well when I asked my friend if he these number are true he said No. My friend even proved it to me..I was shown the paycheck. Ocewn also told me that he has an additionally 800.00 rent income. That is what alerted me becasue I would of know that off the bat. We to make this long story short...I was told through and this is the scary part that if you dont tell the lender that you get additional income even if you dont, that they wont modifiy you. My frend has made the same amount of money more or less each year...I dont know who he got approved. Why would some say yes i am getting rent income when they are not???? Helllllllo the lender is going to include that in their figures too. Lieing is not the way to go. I hate this economy. If anyone who be as so kindly to post to my reply and give me some feedback as to if anyone of you guys have been through the same or asked to lie? Is it true you need to state that you get rent income even if you dont? Thanks to all of you. ))))))))))))))) Sorry but its wrong to lie.
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Old 02-10-2009, 10:19 AM   #12 (permalink)
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Angry Income Worksheet

Hello and Good Morning,


Well apparently the last loan mod guy that helped my friend did not ask for the rently aggreement or maybe he made it up. I have no idea. I called the DRE and explained the story and they said that any loan mod license person would have to be ok through the DRE. Now my friend is like ok so this guy lie and now what do I do? I told him that it is better to file a complaint under the DRE or DOC becasue the refi he did in 2007 was fraud because I looked at the doc and the income that was stated and he did and never made that much...and this loan was Full doc. So I am finding more information and am coming to release that this started with the refi and snowballed down this bad. Do anyone of you know what type of power does the DOC have? i.e. what can they do for my friend? I know that they are not attorney but they cant just sit back and say oh so sorry to bad...if proof is given then action should be taken place...please feel free to give any suggestions. My friend should not lose his home. Thank you to all of you. Have a nice day.
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Old 02-10-2009, 10:48 AM   #13 (permalink)
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Re: Ocwen Loan Servicing

If your friend is having legal issues with a refi...............they would need to go over their documents with an attorney.............only an attorney can offer what the options would be.
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