Ocwen has not communicated with me in the beginning, this stared 5 years ago when we lost additional income of 36,000 annually, my husband was a builder and had a heart attack and stroke and became diabled and it took us 5 years even for him to get SSI.
Ocwen's best suggestion to me at that time was to get my 3 payments I was behind at that time, to do a forebearance agreement or they would start foreclosure on my home, I did not have any other choice, I was trying to support a family of 6 at that time, my husband and I and 5 children.
I was working 50 hours a week at this point just to try and make my payment to Ocwen, that increased from 438.00 to 830.08 and the addtl increase would catch up any arrearage. I was doing okay and then got hurt on the job 2 years ago and broke my hip and femur and was laid up for 14 weeks, couldn't work and I was the only supporter at this point with no other income coming in. Tried to call and work something out with a representative at that time, but no one would call me back or answer any phone calls from me, or explain any other options.
When I would call in and ask how close I was coming to paying my arrearage off, I was always given a such larger amount. Now my payment has jumped all the way to 1300.00 a month, with the regular mortgage payment being 930.00 and the addtl 380.00 going to arrearage and that is fine, if the fees and the arrearage was accurate. I should of paid off any arrearage I was behind a long time ago, because I had been consistent paying an extra 400.00 every month and sometimes 2 payments in one month, but nothing got better and still isn't.
I feel because I have so much equity in my home, they want it and has just made it impossible almost to even live, my current interest rate is 12.37 and adjustable at that, it has went up 3 times in 3 months with an increase of 4 percent.
I am now supposed to have 2556.00 to Ocwen Loan Servicing by June 8,2007 and that will put me another forebearance agreement and then another payment of 1300.00 by July 1st 2007. After they gave me no other options and noone else will not refinance because they have made my credit score drop to 483 because they never have reported any good payments from the very beginning when they kept buying my loan back.
Everyone keeps telling me if I raise my credit score to at least 500, they can get me financed, but how can I do this when my mortgage company is affecting everything, before all of this my credit score was 830 with 2 brand new cars financed thru Ford Motor Credit and I lost all of that just trying to salvage my home for my family.
Please understand, I am a true American Citizen, Christian, honest and would never do anyone wrong, and if I owe you a debt, I will pay it, I am not trying to run away from my problems, noone has believed me in the past or instructed me who to contact, so I have just been stuck with these terms, because can't afford to lose my hom.
I have a full time job that I make a good amount of income now and my family size has decreased from 6 to 3. I can afford my payments, but I don't owe this company this amount of money. They try to claim I owe for 08/01/2005 and up thru the current. Don't you think I would of lost my home a long time ago, if this is truely the case. Please help, this makes it bad for the few mortgage companies out there that are honest.
Who should I Contact