ED Magedson – Founder
OCWEN Homeloan ServicesWorthington Road, Suite 100 West Palm Beach, Florida USA
OCWEN Homeloan Services Litton LoanHome Loan Services I lost both my home and a rental property because of OCWEN Home Loan Svc. West Palm Beach Florida
OCWEN took over my loans back in 2007 for both my home and a rental property - that was my business. They would not allow me to make payments for the first 4-6 months, stating that my accounts were not in their systems yet. They assured me that I would not be made to pay late fees. I set the money aside waiting until they would let me pay. On both properties, when they finally got my account information into their systems, they told me I owed $10,000 on the rental and $15,000 on my home in late fees and threatened to fhen threatened to foreclose if I did not pay both amounts in full. I asked for a statement of fees, etc. (to bring to a lawyer) and when I recieved it, they had also added $30,000 more to the ORIGINAL amount of my home mortgage - on top of the $15,000 late fee, and they tacked $20,000 on the rental to the ORIGINAL mortgaging amount of the rental as well, though I had paid each down by over $20,000 from the original amount. In other words, they tacked an extra $40,000 on principal of rental and $50,000 on principle of my home mortgage and this did not include the exhorbitant $10 & $15,000 late fees. After much fueding - I refused to pay the mortgage payments knowing that I would likely lose the houses because I refused to pay the fees and to go on pretending that the amount they added didn't matter. I lost my home and my business. Now they are on my credit report under several different names for the same two accounts, looking like I defaulted on multiple properties. Does anyone moderate these crooked A#%holes? They not only ruined my business because I could no longer get mortgages or credit of any type, they ruined my abilitys to buy another house and it is six years later - though I have always paid my bills and have NO debt! I will join any lawsuits that are out there.
This report was posted on Ripoff Report on 07/24/2013 04:07 PM and is a permanent record located here: http://www.ripoffreport.com/r/OCWEN-Homeloan-Services/West-Palm-Beach-Florida-34409/OCWEN-Homeloan-Services-Litton-LoanHome-Loan-Services-I-lost-both-my-home-and-a-rental-pr-1069806. 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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