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Report: #213509

Complaint Review: Ocwen Federal Bank - Orlando Florida

  • Submitted:
  • Updated:
  • Reported By: Sidney Ohio
  • Author Confirmed What's this?
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  • Ocwen Federal Bank 12650 Ingenuity Drive Orlando, Florida U.S.A.

Ocwen Federal Bank won't accept short sale Orlando Florida

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Very long story; will condense.
Mortgage secured 12/99 from Bank One. Some time later (2001?), Bank One sold it to Ocwen.Laid off in 10/01 due directly to 9/11. Ten months later, secured another job. Got very behind on payments.

Asked Ocwen to work with us on loan modification back in 01-02 timeframe. They said No. Have been trying to sell house for approx. last 18 months.

Andy Grillot (Broker) agreed with Ocwen to purchase the house for $205,000 a few months ago. Ocwen agreed to this price. Andy tried selling the house for $10,000 in order to make a profit. Unable to sell house.

In the meantime, we currently have a solid offer on the house for $215,000. Ocwen has so far turned the offer down. They had a BPO appraisal a week ago; haven't heard results yet.

We are very upside down on the house (approx $100,000). Ocwen has basically ruined us. Two years ago, we leased a run down farm house that would cost about half of what the house is costing in order to 'downscale' our lives. We can't even get a mortgage on this propery until the house sells. But Ocwen is holding us hostage.

Barry
Sidney, Ohio
U.S.A.

This report was posted on Ripoff Report on 09/30/2006 08:15 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-federal-bank/orlando-florida-32826/ocwen-federal-bank-wont-accept-short-sale-orlando-florida-213509. 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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