• Report: #818621
Complaint Review:

Ocwen Loan Services

  • Submitted: Thu, January 05, 2012
  • Updated: Thu, January 05, 2012

  • Reported By: Shelia — Glenn heights Texas United States of America
Ocwen Loan Services
Internet, Florida United States of America

Ocwen Loan Services RIpoff, Excessive Fees, unaccounted increases in payments Internet, Florida

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My loan was transferred to Ocwen when in Feb 2010.  I started to have problems with them at the in March of 2011 when I received a letter stated my escrow account was 1100 in the negative.  I did not have the money to pay it in full so my monthly payments increased.  In March of 2011 I filed for a loan modification,  I completely go the run around for serval months was denied.  Actaully denied four time in the year of 2011.  They kept saying my payment were less then 31% of my income when I calculated 36%.  But then I startted to dig into why my pays increased anyway because nothing changed, my insurance or homeowners insurance did not increase.  I have a fixed interest rate so it was highly suspcious being i havent had any problems until Ocwen obtained my loan.  I kept getting the run around and everytime i spoke with their non English speaking representatives they all gave me different information. 

SO now my payments for March of 2012 will be increasing by $120 again. And Again my insurance or property taxes has not increased.  So listed in my account they have me paying property taxes twice for the same thing a year.  I sent them a letter explaining this also threating to retain a attorney.  Because this is  outrageous I have no clue where all my escrow money in excess that I have paid is going, I can not get any clear answers for them.  I want in on the class action suit.  Because we all seem to have the same issues with this company. And I can not afford for my payments to increase $100 plus dollars every year. 

This report was posted on Ripoff Report on 01/05/2012 05:41 PM and is a permanent record located here: http://www.ripoffreport.com/reports/ocwen-loan-services/internet-florida-/ocwen-loan-services-ripoff-excessive-fees-unaccounted-increases-in-payments-internet-f-818621. 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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