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Report: #171517

Complaint Review: Ocwen Federal Bank Financial Services - West Palm Beach Florida

  • Submitted:
  • Updated:
  • Reported By: Laurel Montana
  • Author Confirmed What's this?
  • Why?
  • Ocwen Federal Bank Financial Services 1661 Worthington Rd Ste 100 West Palm Beach, Florida U.S.A.

Ocwen Federal Bank Financial Services is Stealing our Home!! 2 Disabled People, Husband has had several massavie heart attacks ripoff West Palm Beach Florida

*Consumer Comment: Bankruptcy?

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Ocwen is stealing our home that we have owned for over 20 years.

We are both disabled and my husband has had several heart attacks brought on by the stress of Ocwen constantly threatening us with foreclosure and late payments due to unfair practices of raising our payment and interest rates along with putting insurance on our payment that we did not approve. Once again they have raised our payment and our interest rate that is now at 11.25% and increasing at their discretion. Our disability checks are not enough to continue to pay them everytime they increase our payment. Our phone has been disconnected, we are behind in our other utility bills and other bills due to their unfair business practices.

My husband is in very ill health due to all of this and mine as well. We have worked with them to no avail. When they take our house where will 2 disabled people go? We have no where to call home then.

I have read the other rip off reports against Ocwen and the homes they have taken from people who lived their whole lives there only to be thrown out on the streets. This is an Outrage.
We have no one to turn to and nowhere to go for legal help. Is there anyone out there that can help us?

Soon to be out of our home in Montana

Sherry
Laurel, Montana
U.S.A.

This report was posted on Ripoff Report on 01/12/2006 03:02 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-federal-bank-financial-services/west-palm-beach-florida-33416-4737/ocwen-federal-bank-financial-services-is-stealing-our-home-2-disabled-people-husband-ha-171517. 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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#1 Consumer Comment

Bankruptcy?

AUTHOR: Robert - (U.S.A.)

POSTED: Saturday, January 14, 2006

You most likely have an adjustable mortgage that can adjust every 6 months. I would go back and read your contract and see exactly what kind of mortgage you have. I think you will find out that they have every right to adjust the mortgage every 6 months.


I am not sure of the particulars but if you have enough equity why not get a reverse mortgage or just refinance to a fixed rate? I would consult a bankruptcy attorney as well, they can stop a foreclosure.

Good Luck to you!

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