- 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
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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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