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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf you had a mortgage serviced by Ocwen Loan Servicing, and were forclosed on
this may be of interest to you:
There was a 2.1 billion Ocwen national mortgage foreclosure settlement approved in February.
Claims letters are being sent to people who were foreclosed on.
The below info is from the Fla. news, but the settlement and claims also pertain to other states.
Pls. read below to find contact information if you have questions:
The settlement set aside for payments to Ocwen borrowers who lost their homes to foreclosure between Jan. 1, 2009, and Dec. 31, 2012. Those eligible include borrowers who had mortgages serviced by Ocwen, Homeward Residential Holdings LLC (also known as American Home Mortgage Servicing, Inc) or Litton Loan Servicing LP.
Ocwen Financial Corporation and its subsidiary, Ocwen Loan Servicing, agreed to the $2.1 billion joint state-federal settlement to resolve allegations of mortgage servicing misconduct resulting in premature and unauthorized foreclosures, violations of homeowners rights and protections, and the use of false and deceptive documents and affidavits. In addition to the $125 million payment fund, the settlement also provides for $2 billion in the form of first lien principal relief with an estimated $342 million being provided to Florida homeowners.
Packages including a cover letter, claim form, and instructions are being mailed to eligible borrowers beginning last week. A reminder mailing will be sent out the week of Aug. 11. All claims must be submitted by the Sept. 15 deadline. Payment checks should be mailed starting Dec. 3.
People who have questions can call 866-783-5382 for assistance in either English or Spanish. Claimants can file their claims electronically at the website below or submit claims to the address below:
www.nationalmortgagesettlement.com
National Ocwen Settlement Administrator
P.O. Box 1917
Fairbault, MN 55021-7172
http://realtime.blog.palmbeachpost.com/2014/06/30/ocwen-mortgage-sending-claims-forms-to-26000-floridians/
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If you had a mortgage serviced by Ocwen Loan Servicing, and were forclosed on (Original Post)
dixiegrrrrl
Jul 2014
OP
msongs
(67,367 posts)1. ocwen refuses to let house owners put houses in trusts as well, forcing properties into probate
if the owner dies. no trusts of any kind, even revocable living trusts where the owner is still in charge of the property.
dixiegrrrrl
(60,010 posts)2. Wow..I had no idea of that.
thanks for the info.