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Ripoff Report | Ocwen Financial Review - West Palm Beach, Florida
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Report: #311383

Complaint Review: Ocwen Financial Corp - West Palm Beach Florida

  • Submitted:
  • Updated:
  • Reported By: acworth Georgia
  • Author Confirmed What's this?
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  • Ocwen Financial Corp 1661 Worthington Rd West Palm Beach, Florida U.S.A.

Ocwen Financial Corp changing terms of contract West Palm Beach Florida

*Consumer Suggestion: Contact the FTC

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ocwen has changed the interest rate and payments when i do not have an adjustable rate morgage. when questioned about this, they said they could do anything they wanted and they do not have to explain why.

my interest rate has went from 9.8% to almost 19%. my payments have doubled to more than my monthly income. and all they say is we might look into it. when i call to see whats going on , they say we are looking into it yet,or do not answer phone.

Kathy
acworth, Georgia
U.S.A.

This report was posted on Ripoff Report on 02/23/2008 01:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-financial-corp/west-palm-beach-florida-33409/ocwen-financial-corp-changing-terms-of-contract-west-palm-beach-florida-311383. 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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#1 Consumer Suggestion

Contact the FTC

AUTHOR: Maggiemoo - (U.S.A.)

POSTED: Monday, February 25, 2008

Go online and file a complaint with the FTC. The cannot change your interest rate, mortgage or anything else unless it is written clearly in your closing agreements. Mortgage servicers are not allowed to do anything that they want to just 'cuz. The FTC and the Attorney General in your state would be happy to hear such news. Write a letter to the Attorney General and the FTC and copy Ocwen and state the facts of what they are doing. Include copies of your closing papers to document your facts. Ocwen should be ready to talk to you soon after they receive their copy.

Good luck

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