Report: #114287

Complaint Review: OCWEN FEDERAL BANK FSB - ORLANDO Florida

  • Submitted:
  • Updated:
  • Reported By: SUFFOLK Virginia

OCWEN FEDERAL BANK FSB Paid off second morgage but was sent back pay off check and told I needed to pay more money. ORLANDO Florida

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Earlier this year I got a home equity loan from another bank to pay off a loan from Ocwen because it had a very high interest rate. Ocwen was contacted by the other bank for a payoff amount. The other bank acquired the payoff amount from Ocwen and I was given a cashiers check to send to them so I could close my account with this dreadful company.

Approximately 2 weeks later I received a my check back from Ocwen and a letter saying that the payoff amount was not right and that I owed more money that was sent. Due to the company not cashing the check, as they should have, I was charged late fees and additional interest on my remaining balance. This turned out to be an additional $250.00 that I payed because I had no other choice and I wanted to end my business with this company as soon as I could.

If I could be a part of a class action lawsuit against this company I will do anything I can to help. I think it is terrible the way this company conducts business and something should be done about it.

SUFFOLK, Virginia

This report was posted on Ripoff Report on 10/23/2004 04:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-federal-bank-fsb/orlando-florida-32826/ocwen-federal-bank-fsb-paid-off-second-morgage-but-was-sent-back-pay-off-check-and-told-i-114287. 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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