my Ocwen SUCCESS!!

[jennyb4u9]

Well here's our story back in 2003 we bought our first home things were going great.We wanted a house that our 4 kids could grow up in.Then in august of 2007 those dreams were shattered our mortgage payment went up to 3200.00 due to the arm loan and in July 2007 my husband had a apendectomy surgery and was off work for 4 weeks hes self employed so no pay.We also have a baby girl that we are unable to get medical insurance for because she was born with clubfeet so we have several expensive medical bills.I called the mortgage company and explained to them what was going on they offered a forbearance plan which brought our payment up to 3600.00 a month a payment that we could not afford.We struggled with this payment until October 2007.We could no longer afford this payment so i began trying to refinance which was impossible because we have no equity.So then we decided to go ahead and try a short sale well as if it couldn't get worse ocwen our mortgage company is no longer accepting short sales so we are being forced to foreclose.,If we call them the only thing they offer is forbearance which we don't want to do because the payment would be higher and they mark you late every month until you get out of it. So now all the sudden when i called the hope hotline i get a call from ocwen saying they are willing to modify our loan.I was realy happy when I got this phone call but now im getting nervous ocwen has denied 3 of the loan modifications they are now trying to drop the interest rate to 3.95% for 3 years which would give us time to repair our credit being that we were paying 4000.00 a month now we may be paying 1890.00 big dif and much more affordable im realy not sure what to do at this point i've tried i've kept in contact with them like im supose to the max i could afford is 2000.00 a month with ocwen because my secong mortgage is 400.00 a month .

[Moe Bedard]

Jennb4u9,

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

Ocwen is being investigated by HUD......so alot of their customers are receiving phone calls like this one.........and they are real.....
Ocwen is scrambling to modify and try to show HUD that they are working with customers......so that is good news for you.......because even though you were denied before you got the call.....

Did they say when you should receive the documents by?

[jennyb4u9]

they said they would let us no if this modification was approved in 5 days and i spoke with them on monday.Now what im concerned about is that they approved a loan mod but can't seem to come up with one that will get approval now my default notice date is feb 22 time is running out.

[Moe Bedard]

Well........tomorrow is day 5 and if you don't hear anything.......if I were you I would email the ombudsman with the concerns about the timeframe and the offer you were given on the modification......
The response back is usually a quick one......

Here is the ombudsman email: Ombudsmanweb@ocwen.com

Please keep us posted on what you hear......

[jennyb4u9]

ok i'll do that.thank you for your advice.

[Moe Bedard]

Good Luck tomorrow...........

[jennyb4u9]

good morning great news my laon mod was approved i spoke with ocwen this morning.I should get paperwork in a few days.If anybody is losing thier home I stongly suggest not giving up keep trying,keep making calls get someone to listen it can be done.I never gave up it took me a long time to get this done and finally it worked and it can work for you!

[Moe Bedard]

Jenny,

That is great news...........so happy for you!!!!!

I told you not to worry............

Just let us know when your mod comes and if you need any help decifering it.........and when you sign them and send them back.........

Congratulations!!

[jennyb4u9]

thank you so much this is a big weight off my shoulders i can finally relax no more stress lol the kids will be happy! its party time tonight the beers are on lol

[jennyb4u9]

ok i recieved the papers today and everything looks good

[Moe Bedard]

Jenny,

That is Awesome News!!!!

Congratulations on your Modification!!

[schwefls]

Congratulations Jennyb4u9:

Very very happy for you enjoy your new found freedom

[jennyb4u9]

They gave me a loan modification for 3 years at a interest rate of 3.95% but i keep recieveing letters from them saying different amounts and they tried to say that I did not pay my june paymeny which was a lie I paid them moneygram and gave them the referance number it took them 3 weeks to fix it and when they did they marked it late saying I did not pay them until june 17 when I paid them early on may 27 when it was not due until june 1st.then i just recieved a letter today saying my interest and payment will change 9/12008 when it is suppose to be fixed at 3.95 for 3 years i called they keep telling me not woory and that it is fixed for 3 years but I keep getting these jacked up letteres saying other wise these ocwen people are lost helpppppppppp!