Action 9: Families claim loan company threatens foreclosure
Ocwen, which bought Litton Loan earlier this year has an F rating at the Better Business Bureau with nearly 890 complaints nationwide. BBB president Judy Pepper says many consumers disputed surprise fees and payment histories without success. “We’re talking about people who have the paperwork and sent it to them time and time again and it never gets there.”
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My situation echos yours. We were dealing with Home Eq servicing until they were purchase by Ocwen. They got some old paper work from 2007 and are foreclosing on us two days before Christmas, though we’ve been making our monthly mortgage payments . We had to go to a lawyer to hash out this whole business approximately a year ago.. They charged us for their lawyer fees as well as we had to pay our own.. We thought that at least we would be able to just make our payments without being harassed… Wrong!! Their want is to get your property foreclosed on because they have it insured for the full old amount. They will collect the insurance money and then get the proceeds of selling your house.. All very illegal I’m sure. The CEO of Ocwen makes over 4 million a year, he needs to keep up his life style no doubt.. I’ve written our attorney general yet again .. no response..
In my research I have found endless stories just like mine. This is happening because the asset grabbing banks bought up the rest of the banking industry and then began grabbing the assets of their customers.
I have paid Aurora $9,000 in excess of what they are owed and they would not correct their records they started foreclosure almost 2 years ago. I contacted an attorney and they negotiated a HAMP loan agreement which required that I forgive all their transgressions and agree to MERs. I had 800+ credit ratting before I signed the loan. They have reported me late for 5 years and I can not get another bank to discuss a home loan. therefore it is not possible to get the loan refinanced. This is a much longer story, and I will spare you from further detail. Bottom line I have to sue them which I have initiated. This site is good informational for those having similar problems
http://www.msfraud.org/law/lounge/lounge.html .
I have a suggestion for those who fell frustrated. I suggest that if you have had experienced similar problems that you rate their site and untrustworthy with as many rating services as you can find. One such service is WOT public site rating at http://www.mywot.com if we spread the word and make others aware of this asset grabber then their business will disappear and others will not be trapped. Incidentally, the Aurora Loan I have was originally owned by Lehman Brothers. I is serviced out of Nebraska and Warren Buffet is the only one that owns these kinds of businesses in Nebraska.
IT IS THE NEW WORLD ORDER THAT IS STEALING OUR ASSETS…WALL STREET ARE THEIR PERPS…!!!! See the link:
http://www.thehiddenevil.com/index.asp
http://www.jesus-is-savior.com/Evils%20in%20Government/boys_town_abuse.htm
The NEW WORLD ORDER ARE STEALING ANYTHING THEY CAN GET THEIR GREEDY HANDS ON………BECA– USE OF 140 TRILLION IN DEBT THAT WALL STREET OWES, NOT WE THE PEOPLE…..THEY ARE TRYING TO FRAUDCLOSE ON AMERICA AND STEAL EVERYTHING THEY CAN GET THEIR GREEDY CRIMINAL HANDS ON UNDER THE GUISE OF DEBT, WALL STREETS DEBT, NOT OURS!!!! THE U.S. GOVERNMENT MUST STOP ALLOWING THIS OR THEY ARE ALL TRAITORS AND SHOULD RESIGN IMMEDIATELY!!!
Hey Ivent: RESIGN? is that some kind of new material they use when making a rope? If so, I’m buying stock in it. I hear they make a RESIGN BULLETs. Man that DUPONT they can make anything out of plastic. (Credit Cards anyone?) Riquchae Cowboy! YEE HA! Round Them UP!
Time for a GOOD “OL” AMERICAN BBQ HEAR PIGGY PIGGY PIGGY!
Bloodsoaked, I thought about saying what I really felt…….But then I thought a sneak attack could be better…like they did to all of us…First thing, WE THE PEOPLE need to do is resign as their peasant slaves to their debt……!!!
RT NEWS DECLARING THE OCCUPY PROTESTS ARE TOO BIG TO FAIL!!!!!!
THEIR NEW NORMAL IS NEW WORLD ORDER OPPRESSION AND COMMUNISM BROUGHT ABOUT BY MASSIVE DECEPTION, LIES AND ROBBERY!!!……….SCREW THEM!!! THIS IS OUR COUNTRY….AND THEY CAN’T HAVE IT!!!
http://www.change.org/petitions/request-for-congressional-foreclosure-panel-to-examine-foreclosure-lawyers
Ocwen is dirty. Litton Loan is dirty. They have both produced so many fraudulent documents that its hard to keep track of them
Sorry you left the main one out Debbie, let me finish for you if you dont mind. (follow the money} GOLDMAN SACHS is the most dirty, with hands caught in the cookie jar they decide to sell Litton (bought by GS in dec.2007) because of the illegal paper work used to foreclose on illegally siezed homes. Fined by the U.S. Securities and Exchange Commision on May 10th 2011 and sold Litton to Ocwen Sept. 6, 2011 for half the asking price and the other half to be paid as fines on GS going to help home owners with loan modifications of witch no one can quilify for. Google bloomberg.com search—06-06-2011 (goldman sachs will sell litton loan servicing to ocwen for $264 million) You will see why I’m PEED OFF
Debbie, look into the title company…I believe they committed the majority of the fraud in my docs and they are who recorded those fraudulent docs at the county recorder’s office and created the title problems..Not to say the pretender lenders have no culpability here…The title companies were doing the dirty work in the paperwork for the GSE’s and the banks from behind the scenes…..
How long are these corporations going to be allowed to get away with this crap?
890 complaints is a drop in the bucket compared to the actual number of bad deeds Litton has engaged in.
They figure those that are confused and helpless will eventually pay the fees and forced insurance out of fear. You would generally give the company the benefit of doubt and blame this on recklessness or ineptitude, however, with so many contacts by mail and phone from the borrower, it leaves the feeling that it is just another way to, hopefully, make a few more bucks off someone. The “too large to fail” banks just keep on keeping on. Nothing new here.
This kind of stress put on a person, particulary the already ill or the elderly, could literally kill them. It is a crying shame.