• Report: #240566

Complaint Review: Ocwen Federal Bank FSB

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  • Submitted: Saturday, March 24, 2007
  • Posted: Saturday, March 24, 2007
  • Reported By:Franktown Colorado
Ocwen Federal Bank FSB
12650 Ingenuity Drive Orlando Florida U.S.A.

Ocwen Federal Bank FSB Doubled my payments through forbearance and now reporting me deceased Ripoff Orlando Florida


1Author 0Consumer 0Employee/Owner

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I have been through such a horrible experience with Ocwen. Through no fault of my own as you all know we all have stories,
I was placed in to a foreclosure with Ocwen. My story involves the death of my son, a lenghty litigation over his personal injury trust, my buying the home from the estate funding the home by a loan from New Century, who sold it to Ocwen. Shortly after my purchase of the home, I fell into default with New Century, I was able to find some funds to pay the payments and caught up the payments but then the loan was sold to Ocwen. They were made timely payments for a year but then I fell into default again due to the awful lawsuit regarding my son's estate. I eventually fell into foreclosure with Ocwen but was finally able to come to the point that I was receiving sporatic distributions from the estate and entered into (upon the advice of my attorney) a forebearance agreement. I paid Ocwen $14K and my payments went up by $1500K per month. Ocwen was again paid timely for another 9 months but as the case was settling I defaulted again by 3 months the case settled, I entered (oh so stupid) and second forbearance agreement with Ocwen paying one contractual payment and my payment went up another 1000K per month. Well this is 2500K beyond the original payment do the math I could live in a mansion somewhere. But what really scares me is that during trying to refi this home which is not going to happen thanks to Ocwen even though I now have the ability to make a monthly payment within reason on a timely fashion no one will even touch me because OCWEN HAS REPORTED TO THE CREDIT BUREAUS THAT I AM DECEASED! I am sure that this will be a ton of fun to try to fix....

Kristi
Franktown, Colorado
U.S.A.

This report was posted on Ripoff Report on 3/24/2007 4:14:36 PM and is a permanent record located here: http://www.ripoffreport.com/mortgage-companies/ocwen-federal-bank-f/ocwen-federal-bank-fsb-doubled-2c7yf.htm.

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