Ocwen Federal Bank Ocwen stoled my home of 10 years to make $20,000.00, they cost me my job. West Palm Beach Florida

03/94 I entered into a forbearance agreement with HUD. I was convinced by HUD and Lincoln Service Corp. that this was necessary. I was very confused why this was needed. The forbearance agreement would save me $18.35 per month and increase my purchase price from $42,900.00 to $43,000.00.

U.S. Dept. of HUD, Tampa Office Region IV, 501 E. Polk St. #700, Tampa, FL. 33602.
Loan Contact Kenneth St. John (800) 228-2839.
Payments P.O. Box 105652, Atlanta, GA. 30348-5652.

05/30/95 HUD revised the forbearance agreement;
Loan amount - $43,000.00 Monthly Payment - $300.00

04/97 HUD again revised the forbearance agreement;
Loan amount - $43,000.00 Monthly Payment - $405.00.

10/97 HUD sold my mortgage to: Ocwen Federal Bank
Loan amount - $43,000.00 Monthly Payment - $405.00
Ocwen Federal Bank
1665 Palm Beach Lakes Blvd. #350
West Palm Beach, FL. 33401

04/98 Began receiving letters from Ocwen stating my loan was in default and they would attempt to collect the entire amount of the loan. I was not behind on any payments when the collections letters began. At this time, I began sending all payments through Western Union-Quick Collect so I would have documentation of payments made and received.

02/03/99Received Notice of Acceleration from Ocwen, demanding entire amount of $56,927.58 in full. Called the 1-800# provided in the letters, customer service, all they would tell me is the entire amount would need paid or they would foreclose. It took several phone calls to many numbers before someone agreed that only my regular payment was due, not the entire amount. Was informed the demand for payment in full was a computer generated letter sent to all customers. I consulted attorneys to assist in the threats they were making to take my home. The attorneys all wanted $1000.00 - $2000.00 up front with no guarantee. I did not have that kind of money and was afraid Ocwen would take my home.

05/04/99 Received another Notice of Acceleration from Ocwen, now demanding $57,040.08 in full. Again, I called many times before I could speak to someone who explained that only my monthly payments were required. I was not behind in payments when I received this notice.

06/11/99 Received a notice that July 1999 payment amount would be $15,670.19.Called, again I was told that this was a routine mailing, nothing to worry about, just continue making my regular monthly payment.

06/25/99 Ocwen's attorneys filed a suit against me; summons delivered in person on July 1st, demanding payment in full, $41,741.66 on principle and stating foreclosure of property.

07/01/99 Ocwen returned my June and July payments - $772.00.

07/99 Received letters from Ocwen demanding different amounts be paid or they would foreclose, one amount - $16,303.08. Several letters on their letterhead were not signed.

08/02/99 Ocwen returned my August payment - $572.00.

08/04/99 Tried again to find an attorney, with my limited resources. I could not find an attorney that understood the situation or was comfortable suing a bank. I sent a letter to Ocwen stating I was countersuing, claiming wrongful foreclosure, stating they had returned 3 payments in a row to purposely file foreclosure.

08/11/99 I sent a letter to Ocwen requesting information;
When did my loan change from 9% to 10%, why and why wasn't I notified? Requested amortization statement, had never received one from Ocwen.. I wanted to know the exact application of my monthly payments.
Information returned; 08/01/97 04/22/99 only $462.00 went to principle.

08/99 New forbearance agreement entered with Ocwen. They agreed to put back interest that accumulated, while HUD had my mortgage, to the rear of the loan, which made me current. They will accept my monthly payment and suits against each other would be canceled. I did not know until this time that the forbearance agreement with HUD was so damaging, that none of the money I paid HUD, $15,525.00, went toward my mortgage.

09/99 Ocwen again sent back my monthly payment, $400.00.

11/99 Ocwen sent me another letter of acceleration demanding; $19,650.00. After the above arrangements were made and they convinced me everything would be fine, I would not lose my home, they again began sending letters demanding huge amounts or I would lose my home.

12/01/99 Filed Chapter 13 to save my home. Payments of $250.00 made to; Terry Smith, Clerk of Court, Tampa, FL.

07/31/00 Chapter 13 hearing, resume payments to Ocwen, per court order.

09/12/00 Ocwen sent an acceleration notice, full amount due - $67,286.65.

10/04/00 Ocwen filed for mediation to resolve differences. I appeared as directed, no representative of Ocwen present. The hearing officer reschedule, again I attended but no one from Ocwen attended. The hearing officer dismissed the mediation, failure to attend by filing party, Ocwen.

10/13/00 Received new forbearance agreement from Ocwen stating $1000.00 down and monthly payments of $517.00 per month.


03/22/01 Court dismissed Chapter 13.

06/30/01 Met with manager of Bank of America to refinance my home and get away from Ocwen.
Ocwen refused to cooperate and would not sell my mortgage to my bank.

09/21/01 Notice of intent to terminate forbearance agreement received from Ocwen, amount due,$6239.53.

11/09/01 Ocwen again filed foreclosure on my home demanding; $65,901.38.

12/06/01 Received another letter from Ocwen now demanding; $6952.68.

12/07/01 Filed another Chapter 13 to save my home. Again I could not afford an attorney to assist me with problems by this mortgage company. The attorneys I spoke to did not understand HUD purchased houses or what Ocwen was wrongfully doing.

07/09/02 Ocwen attempted to convince me to cancel the Chapter 13 and reinstate a forbearance agreement again. I refused because they had lied so many times and I did not trust them. Somehow, they convinced the court that they had the right to foreclose and the foreclosure sale of my home was scheduled.

08/02 I contacted an attorney to handle a Chapter 7, my 13 was converted to a Chapter 7.

They would not assist me with anything prior to the Chapter 7 because they would be entering after the fact and for liability reasons could not be involved with the circumstances of the past two years. In Florida you can keep your home when filing a Chapter 7, but since Ocwen prevented me from making payments, I was behind and did not qualify, and would lose my home.

05/03 Phone hearing to resolve Chapter 7 took place. Chapter 7 discharge set for June 2003.

09/03 Contacted the courts for copies of my discharge documents. It was not filed in June as scheduled, but they would file it now.

03/04 Received notification from Ocwen, stating the outstanding balance on my home of $41,268.77 is resolved with the Chapter 7 and fair market vale is $60,000.00. I was not provided a penny of equity even though I made 10 years of payments on my home.

All the stress and worry during the time Ocwen took over my mortgage caused problems in other areas
of my life. I lost a lot of time from work for court appearances, etc. I worked for the State of Florida. I was terminated from my 15 year career job.

Ocwen stole my house from me after 10 years in my home. They caused me to lose my career job of 15 years, they ruined my credit and left me with nothing.

I am very interested in suing Ocwen for the damages they have caused me, loss of my home, my career & benefits lost.
Ocwen should be held accountable for the damages they have caused us home owners. Several home owners only had a one time shot at home ownership and Ocwen ruined them for life.
Thank you for listening.

Linda
Savannah, Georgia
U.S.A.

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