- Report: #1155320
Report - Rebuttal - Arbitrate
Complaint Review: Ocwen Mortgage
Ocwen MortgageP.O. Box 4622 Waterloo, Iowa USA
Ocwen Mortgage Impac Mortgage Ocwen Mortgage, what a ripoff Scam Company!!! Waterloo Iowa
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I had a mortgage loan with GMAC and everything was fine until my servicing was transferred to this HORRIBLE mortgage lender nightmare named Ocwen in March of 2013. When I opened my first statement, my loan amount was wrong, my payment was way higher and they had that I was over 15 months past due! My welcome letter was a "foreclosure notice" followed with many wrongful collection phone calls. The simply didn't care and when I spoke to them, I couldn't understand the person I was talking to and it was like talking to a brick wall. So, I applied for a loan modification with them and was told a few months later that I was denied. I went back to the original lender Impac Mortgage and after 5 painful months, I had a guaranteed modification approval letter in hand. However, after waiting 3 months for my documents that I needed to sign, I was told by Impac that Ocwen wouldn't allow this modification to go through and that (after I wrote a check for $1195 months before) I was denied and they would proceed with foreclosure...so, I complained over and over to Ocwen and once again applied for a loan modification. After waiting over 4 months, I was told by Ocwen (June of 2014) that I was denied as "I made too much money." This was even though I had an income reduction by 1/2 from 2012 to 2013 and documented it to them. One other thing to mention, I was told to order 3 appraisals and did so--all 3 were far less than what I owed and showed the property to be in fair to poor condition...so it was in their advantage to approve my modification as it would have been a complete financial loss for them should they foreclose. They kept my processing fee, I had a "guaranteed approval" in writing and I paid for and provided 3 appraisals that showed the property wasn't worth over my loan balance. Ocwen stalled me over and over again and got in the way of the approval from the original investor....they are a bunch of idiots and should be shut down immediately. What they have done to me is a crime, yet they continue to get away with actions like this over and over again. When is this ever going to stop. Today, I am told my home (that I personally designed and built over 12 years ago) is in foreclosure and that there is nothing they can do for me. Thanks Ocwen and thanks Impac Mortgage for ruining the American Dream. You are crooks and deceived me and will pay for this one way or another!
This report was posted on Ripoff Report on 06/16/2014 08:46 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ocwen-Mortgage/Waterloo-Iowa-50704/Ocwen-Mortgage-Impac-Mortgage-Ocwen-Mortgage-what-a-ripoff-Scam-Company-Waterloo-Iowa-1155320. 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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