• Report: #1143747
Complaint Review:


  • Submitted: Sat, May 03, 2014
  • Updated: Sat, May 03, 2014

  • Reported By: cinjin — Santa Rosa California
Nationwide USA

OCWEN LLC using late charges to steal real estate West Palm Beach Nationwide

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If you are one of the thousands that have been victimized by the company OCWEN LLC we are creating a class. The class includes those who have been charged late fees when there is proof that the payments have been on time. We are hoping for northern California individuals for ease of communication with our selected attorney. He is ready to take them on.

OWEN has actively stolen houses using this late fee technique. Read here, it is only one of thousands of stories. 


They charge late fees and when the late fees accrue they foreclose on the house. We cannot allow this company to continue to steal houses. They have been sued and continue the same practices since the suit, they are in direct violation of the law, they are either stealing the invalid late fees or they get their eye on your property and go after it.

The following is a letter from an individual whose mortgages were transferred to OCWEN LLC. There is even a Facebook page by those who are being stolen from as we speak. facebook.com/pages/Ocwen-Loan-Servicing-Rip-Off-Report/291790883473

“OCWEN LLC. acquired my mortgages, and since they have been servicing them, they have deliberately delayed correspondences for the purpose of accruing late fees. Although I have corresponded repeatedly with them and their “research” department, have provided them with evidence of my payments being on time they are still doing it. Now I am sending my payment express mail with confirmation of delivery, and they still sent a late notice. The customer service representative recommended going through the research department. They are deliberately denying payments are being made even though there is clear evidence that no payment has ever been late. Standard and Poors have them on credit watch for not administering acquisitions thoroughly prior to additional acquisitions. My assertion is that they are probably doing this to most if not all of their acquired customers in order to beef up assets. I need a legal remedy for the life of these loans. Dealing with them every month for hours just to verify my timely payment is not an option I can live with.”

December 19, 2013 The Consumer Financial Protection Bureau (CFPB) along with authorities in 49 states, and the District of Columbia, entered into a Consent Judgment with Ocwen Financial Corporation and Ocwen Loan Servicing,LLC to pay its alleged misconduct in mortgage servicing. The allegations of misconduct included unfair shortcuts, unauthorized fees, deception, illegal foreclosures, and other illegal practices. Ocwen will be required to provide $2 billion in loan modification relief to its customers and $125 million in refunds to consumers whose homes were foreclosed.

Ocwen has consented to entry of the Consent Judgment without trial or adjudication and does not admit the allegations of the Complaint.

The District Court must still approve of the settlement.

A copy of the Consent Judgment is available at this link:bbb.org/h/m9 .

Consumers may contact their State Attorney General or Mortgage Regulator for more information.

- See more at: bbb.org/central-florida/business-reviews/loan-servicing/ocwen-loan-servicing-in-orlando-fl-13002055#sthash.B67hwAW3.dpuf


This report was posted on Ripoff Report on 05/03/2014 06:34 AM and is a permanent record located here: http://www.ripoffreport.com/reports/ocwen-llc/nationwide/ocwen-llc-using-late-charges-to-steal-real-estate-west-palm-beach-nationwide-1143747. 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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