ED Magedson – Founder
Ocwen Loan Services1661 Worthington Road Palm Beach, Florida USA
Ocwen Loan Services Homeward offered me a Forbearance plan by lowering my payment for 3 months. Ocwen took over my loan and at the 3rd month sent me a letter of intent of termination of forbearance and to pay $8,000. They had told me just to pay 3 eaual payments of $1031 for 3 months and after 3rd payment they would modify my payment, They never did and actually removed me from HARP. My new payment is $1647. Palm Beach Florida
Loan 7141314612 Ocwen Loan services On October of 2012 I requested for Forberance dut the damages of Huirricane Sandy. They asked me to make 3 equal payment of $1031 and after the last payment they would reduce my payment permanently. When I applied I had a morgage thru HARP with Homeward. After the 3rd payment, Ocwen now, sent me a letter of intent of termination of forberance. They requested a lump paymet of $8000 plus to reinstate Harp. If I could not they requested that in lieu of Forclosure to apply to SAM ( Shared appreciation Modification) increasing my principal from $185,000 to 228,000 and monthly payment from$1251 to $1647. I strogly believe that they deceived me. Now I am 5 months behind and just received forclosure letter of intent.
This report was posted on Ripoff Report on 02/19/2014 08:48 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ocwen-Loan-Services/Palm-Beach-Florida-33409/Ocwen-Loan-Services-Homeward-offered-me-a-Forbearance-plan-by-lowering-my-payment-for-3-m-1124974. 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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