OCWEN LOAN SERVICING & ALTISOURCE

OCWEN / ALTISOURCE COMPLAINT:

Submitted:      January 2015

Reported By:     lone ranger 1957 in Oregon

Report Link:   CLICK HERE

I filed Bankruptcy chapter 13th 12-29-14. Foreclosure date was 12-30-14. I contacted Ocwen 12-30 early morning before foreclosure sale and told Ocwen bank. rep regarding filing and gave him all info regarding filing location and no; he stated that he had uploaded all the info and that foreclosure would be stopped and not to worry? Afterwards he asked me for more information so I could submit paperwork to initiate modification process, Well I just got served with a sheriffs sale on my home?!!.. It sates property sold to satisfy a judgment against me. Purchaser was deutsche Bank national trust. I called Altisource today and rep. told me Ocwen now owns the property? Also that I have until June 29th to purchase property back. I can stay on property until then and that I also have an option of receiving monies to relocate and get paid for it and not have to pay back any monies??Something sounds fishy here but heck I can’t afford an attorney and me and my wife are both retired .Can anybody please refer me to some help here, please. Thank you

END CONSULTING ADVICE:

Dear lone ranger and other violated Ocwen borrowers,

Ocwen has been all over the news recently with the ousting of their CEO William Erbey as well as with their $150 million settlement that prompted admitted and discovered wrongdoing on so many level it is difficult to specify all violations in this post for escrow fraud, wrongful foreclosure, FDCPA violations…and on and on! 

Here’s a link to the full story on Ocwen’s settlement to include wrongful foreclosure: http://www.reuters.com/article/2014/12/22/us-ocwen-financial-settlement-idUSKBN0K00CX20141222

After reading your complaint, I realized that there are some truly unanswered questions that should be addressed immediately such as:

(1) Was the house sold at auction or just repossessed by Deutsche Bank?

(2) Did the foreclosure attorney and/or Ocwen receive notice from the courts the day that you filed when you listed Ocwen as your creditor?

(3) Why is Ocwen/Deutsche Bank offering you a buyback option if your house was truly sold as wouldn’t that warrant a new real estate transaction with a qualifying loan – or – it is simply to get you to pay the monies owed?

(4) At what amount are you purchasing your home back for and is it for the entire

mortgage amount or a true market value?

I agree with you that this situation is fishy at best and it appears by your posting that your consumer (wrongful foreclosure) AND constitutional (bankruptcy stay) rights have been violated on every level. Believe it or not, there are many avenues for homeowners just like you lone ranger and I would recommend fighting for your rights outside of and you can start with the CFPB at http://www.consumerfinance.gov. You can actually post a complaint against Ocwen for false foreclosure through the CFPB that requires an immediate response from Ocwen within 15 days; that is well within your buyback range and I would suggest fighting to the finish.

I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like PHH, SPS, SLS, Green Tree, Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  You CAN win this fight!!!

It is not too late to fight for your rights but you will have to first get familiar with your consumer rights.  You can learn more about your consumer rights and the responsibilities of Ocwen as a mortgage servicer by visiting the CFPB's website and becoming educated about the rights afforded you under the FDCPA, Dodd-Frank and RESPA via the CFPB. Here is a link to the current rules that went effect in 2014 and stronger rules are forthcoming in 2015: http://www.consumerfinance.gov/newsroom/consumer-financial-protection-bureau-rules-establish-strong-protections-for-homeowners-facing-foreclosure/

Thank you as I commend you for taking the first step in asserting your consumer and constitutional rights by complaining about the situation in an effort to shed light on the abuse and encourage change. With that said, many overlook the key aspect of the fight, which is putting the violations and abuse in writing in the form of a proper QWR and attaching proof of your consumer and constitutional rights that have been violated. 

I would be more than happy to educate anyone interested on how to fight for your rights as my firm routinely seeks out complaints online so that we can educate as to how to fight back on our weekday show called "The Daily Complaint” where we review a complaint and how to tackle it successfully.

We reviewed your complaint on the show if you would like to listen, visit www.TheDailyComplaint.com

In the event you have further questions, you can contact me via email, web or phone (full contact information is below) as I would be more than happy to answer your questions, call Ocwen with you and/or point you in the right direction.

Every new beginning comes from some other beginning's END

Respectfully,

Dana Shafman

Managing Member

END Consulting

(888) 234-7006 Ext 101

Dana@ConsultingEND.com

www.TheDailyComplaint.com