Complaint Review: Ocwen Mortgage - Internet
- Ocwen Mortgage www.ocwen.com Internet U.S.A.
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- Category: Mortgage Companies
Ocwen Mortgage cheated my elderly grandparents Philadelphia Pennsylvania
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Ocwen Mortgage, operating through a broker fronting as a building contractor(and not a good one) wrote a mortgage
at a rate that was higher than it should be, a payment they coudnt afford and had them sign forms that had been faxed and were not legible.
Elderly beware!
When they became ill, I discovered what happend, but it was too late. I made their payment for them untill they ended up in a nursing home.
Ocwen called and told me I would be sued if I didnt pay for the balance, I left the home get forclosed on due to the fact they had no assets to cover it. So much for the family homestead. The home was worth about $35000.00 with approx $48000.00 still due. If all payments were made my grandparents were paying back about $120,000.00 over 30 years starting in their late 60's
Its a shame a company as large as that has to make its money from folks on social security. this all took place between 2000 and 2005.
Just not a company I would ever do business with, Sorry Ocwen.
Chris
Northeastern, Pennsylvania
U.S.A.
This report was posted on Ripoff Report on 07/02/2008 05:24 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-mortgage/internet/ocwen-mortgage-cheated-my-elderly-grandparents-philadelphia-pennsylvania-346929. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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