- Report: #112794
Complaint Review: Ocwen Federal Bank FSB - Orlando Florida
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Ocwen Federal Bank FSB
12650 Ingenuity Drive Orlando, 77070 Florida, U.S.A.
Phone:
800-746-2936
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Ocwen Federal Bank FSB ripoff High Price Of The American Dream Orlando Florida
It is amazing to read all about the problems of Ocwen. My loan was bought out by Ocwen last year, and I have had nothing but problems with them.
We refinanced in 2004, and can only pray that they do not buy my loan back. Early last year they increased our mortgage payment by almost 100.00 per month, stating that they required a "cushion" for our escrow account. I called Ocwen on several occasions, and every time got someone who did not speak very well english. We reluctently paid the higher amount, knowing we would refinance and the remaining amount of escrow would be reimbursed to us.
When I called to find out the amount in escrow, they told me it was only $1,200.00. That is very interesting, since I have been placing $580.00 a month in escrow all the way into August. What happend to my money? Still calling about this.
They also increased my payoff amount to my new mortgage company, and charged $1,700.00 for one month of interest. That was more than my whole note. I feel for all those who have lost their homes, and others ripped off. I have been dealing with many who have had a hand in my bank account since I purchased my home. It seems anyone who had part in the financing of our home has ripped us off as well. This is going back to my original broker.
I am going down the list of people, and will be getting to Ocwen shortly. I have a court date with my original broker on Nov 1st. After two years of fighting to get them in court. I am sooo glad you are not letting this go.
If there is anything I can do to help, if not for more than another name to a list of people ripped off, I will be happy to help. If you pound on a thousand doors, you are bound to get someone who will answer. I plan on dealing with Ocwen very soon, and I like yourself, do not give up easily.
For any Ocwen employees who may be reading this, my suggestion to you would be to find another job. Three words....GUILT BY ASSOCIATION! You are at fault not matter what your position in the company may be. I myself would never work for a company that goes against my beliefs, but then again I have morales. I can only assume that those who continue to work for this unethical company, are unethical themselves. Think about all the people who are are forced to pay excessive fees in hopes that they can hold onto their homes. Think about all the homes that have been wrongfully taken away by your company. Just a little something to reflect upon as you head home from your job at Ocwen. Just be thankful you have a home, something many who have dealt with your company no longer have.
Still convinced about your innocence? Then let me ask you this...where do you suppose the money comes from when you receive a paycheck? Another thing to think about when you run to the bank to cash your check. Whose home did you cash in on? Whose hard earned money did you take this week? Ocwen...you are on borrowed time. It is just a matter of time before someone puts a stop to your fraudulent business practice. In the mean time...the list of people you owe a settlement to...continues to grow. Ocwen, you will be hearing from me and many others in the near future.
Jenny
Houston, Texas
U.S.A.
We refinanced in 2004, and can only pray that they do not buy my loan back. Early last year they increased our mortgage payment by almost 100.00 per month, stating that they required a "cushion" for our escrow account. I called Ocwen on several occasions, and every time got someone who did not speak very well english. We reluctently paid the higher amount, knowing we would refinance and the remaining amount of escrow would be reimbursed to us.
When I called to find out the amount in escrow, they told me it was only $1,200.00. That is very interesting, since I have been placing $580.00 a month in escrow all the way into August. What happend to my money? Still calling about this.
They also increased my payoff amount to my new mortgage company, and charged $1,700.00 for one month of interest. That was more than my whole note. I feel for all those who have lost their homes, and others ripped off. I have been dealing with many who have had a hand in my bank account since I purchased my home. It seems anyone who had part in the financing of our home has ripped us off as well. This is going back to my original broker.
I am going down the list of people, and will be getting to Ocwen shortly. I have a court date with my original broker on Nov 1st. After two years of fighting to get them in court. I am sooo glad you are not letting this go.
If there is anything I can do to help, if not for more than another name to a list of people ripped off, I will be happy to help. If you pound on a thousand doors, you are bound to get someone who will answer. I plan on dealing with Ocwen very soon, and I like yourself, do not give up easily.
For any Ocwen employees who may be reading this, my suggestion to you would be to find another job. Three words....GUILT BY ASSOCIATION! You are at fault not matter what your position in the company may be. I myself would never work for a company that goes against my beliefs, but then again I have morales. I can only assume that those who continue to work for this unethical company, are unethical themselves. Think about all the people who are are forced to pay excessive fees in hopes that they can hold onto their homes. Think about all the homes that have been wrongfully taken away by your company. Just a little something to reflect upon as you head home from your job at Ocwen. Just be thankful you have a home, something many who have dealt with your company no longer have.
Still convinced about your innocence? Then let me ask you this...where do you suppose the money comes from when you receive a paycheck? Another thing to think about when you run to the bank to cash your check. Whose home did you cash in on? Whose hard earned money did you take this week? Ocwen...you are on borrowed time. It is just a matter of time before someone puts a stop to your fraudulent business practice. In the mean time...the list of people you owe a settlement to...continues to grow. Ocwen, you will be hearing from me and many others in the near future.
Jenny
Houston, Texas
U.S.A.
2 Updates & Rebuttals
Robin
Waldron,Arkansas,
U.S.A.
OCWEN FSB is a deadbeat!! Beatriz, get a clue, will ya!
#2Consumer Comment
Fri, October 15, 2004
"Ocwen services over 350,000 loans and there are how many complaints on this website about them? About 900? That's an extreamly small percentage." Not acceptable, Beatriz. Get out that Six Sigma handbook and see what it says about "extreamly small percentages" (and bad spelling). "So please people, make your payments on time and you won't get late charges or marks on your credit report." So please Ocwen, credit our on-time payments in a timely manner and we won't get late charges or marks on our credit report. And you won't have 900+/- complaints at Rip-OffReport.com! "agree to a forbearance plan so you can get caught up". Whahahaha! Ocwen forbearance plans are designed to suck the last penny from our bank accounts, retirement plans, 401k's, and relatives. After all resources are drained dry, Ocwen will then file foreclosure anyway. Ocwen is a bottomless pit and very hungry for fees. I'd be willing to bet that the whole company operates entirely on fee income, with no need for the revenues paid by those it "(non)services" for. "Do you know what sub-prime means?" We know what it is SUPPOSED to mean, but studies have shown that a high percentage of people who were given subprime loans were actually eligible for prime loans. This is due partly to the unholy alliances formed between lending companies and servicers (take the New Century/Ocwen "deals" as an example). Fact is, there are just so many more lovely fees generated by dabbling in subprime, more opportunities to rip-off consumers. Bottom feeders like Ocwen just cannot resist it. "Quit whining and go make your house payment so you won't be foreclosed on!" Quit attempting to defend the indefensible and go find a real job before you are told you have to move to India in order to retain your position. You, too, can be outsourced. OCWEN ITSELF is a subprime, substandard deadbeat that does not pay its court ordered judgments. Look in Summit County, Ohio in re: Miskell(Case #2004-03-1388 granted on June 7, 2004 by Judge Williams in the amount of $97,456.00). At last check, this judgment remains unpaid by Ocwen. Ocwen does lose, and lose big, after which it simply ignores the judgment. Which should bring about immediate foreclosure (or just "closure"). Don't point the "subprime" finger unless you yourself are blameless. It can backfire. And just how many of those $11.00 checks did Ocwen have to cut? If Ocwen paid, Ocwen LOST; case closed! So, duh, get on your broom and ride out, Beatriz, before we all come to foreclose on that cesspit you seem to be so proud to work in.
Beatrize
Orlando,Florida,
U.S.A.
Oh Please.
#3UPDATE Employee
Fri, October 15, 2004
Ocwen services over 350,000 loans and there are how many complaints on this website about them? About 900? That's an extreamly small percentage. Also, in the last class action lawsuit that Ocwen "lost" guess how much money went to the complaintants? $11.00 each! I know because I helped put the payments together! So please people, make your payments on time and you won't get late charges or marks on your credit report. If you're having problems and have missed a payment or two, agree to a forbearance plan so you can get caught up. It's that simple! Ocwen services sub-prime mortgages. Do you know what sub-prime means? Mortgages given to credit risks. So, duh, if you couldn't even get a good rating when getting your mortgage, what makes you think your situation is going to get better if you make your payments late or not at all. Quit whining and go make your house payment so you won't be foreclosed on!
