My husband and I have our home loan through Ocwen. We had gotten behind on our payments last year and called them.
We agreed to a loan modification which would now include our taxes and homeowner’s insurance. I told them we were only paying $1,400/year for insurance (full coverage including black mold). We were told the taxes and insurance would be spread out over a 12 month period of time. We then received our monthly bill with the charge for insurance in the amount of approximately $4,500.00! They then went ahead and paid our 2008 taxes now making it look like we are over $10,000.00 behind in payments to them!
We currently owe our regular payment for February and March and have tried and tried and tried to work something out with them. They want approximately $5,000 NOW and then the rest paid over a 12 month period of time on top of the payment which had gone from $1,643.57/mo. To $2,500/mo.
They have tacked on so many fees – property inspection fee, attorney fee, notice of sale fee, foreclosure notice fee, and on and on and on. With all the fees they are now saying we owe $25,000.+!!!
We then receive a statement this week that our current payment due is $2,211.00! But, it still shows the taxes, insurance and all the numerous fees they have tacked on.
It is ridiculous. They set our house for foreclosure for April 1st – next week! We should have received a notice that this was going to happen but never did and just found out at the end of last week. I tried to explain that to them and they cannot even prove to me it was ever sent. But, they are moving forward.
Now, I’m told that on April 1st our house will be sold on the courthouse steps and we will be given 24 hours to move out!
I found your site about all the problems with Ocwen and I guess mine is just another one to add to the long list of angry customers of Ocwen!
UPDATE: Our home was sold to Century 21.
We are now only one payment behind.