- Report: #897150
Report - Rebuttal - Arbitrate
Complaint Review: Ocwen Loan Service LLC
Ocwen Loan Service LLCWest Palm Beach, Florida United States of America
Ocwen Loan Service LLC Fraud, Misappropriation of escrow funds, West Palm Beach, Florida
My escrow payments being $382 ($4585 roughly annual) and payments being $4469. A cushion of any amount is impossible. Hence an increase in my monthly mortgage payment of 200 dollars was tacked on to cover the difference (standard practice?). Possibly, but this creates a continuous cycle of raising my payments while the amount of annual payments from escrow remain the same.
Where does the extra 2000+ dollars go? OCWEN!! This is wrong! It is an obvious attempt for ocwen to cash in at the expense of hard working people barely getting by; knowing there is no recourse available. Ocwen must be brought down!
This report was posted on Ripoff Report on 06/13/2012 03:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ocwen-Loan-Service-LLC/West-Palm-Beach-Florida-33416-4737/Ocwen-Loan-Service-LLC-Fraud-Misappropriation-of-escrow-funds-West-Palm-Beach-Florida-897150. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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