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OCWEN Loan Servicing
Ocwen Loan Servicing scam on Loan Modification West Palm Beach, Florida
2nd of Jun, 2011 by User206764
My monthly mortgage payment was 600.00. I fell on hardship a year ago in March 2010. I was unable to meet my payment. I needed temporary relief for 2 years to get back on my feet. I have been working with ocwen to do a inhouse modification. My original loan was for 81000 at 6.125 interest rate for 30 years. Its supossed to mature in 2036. The modification i received was for $592.00 a month at an interest rate of 6.12% and to mature in 2051. All they did was extend my years for 15 years. They also included overtime and I proved to them that I was no receiving overtime via paystubs and a company letter. All I need was a temporary interest rated adjustment to help me for two years, not to extend my loan for 15 years and save me $8.00 a month.

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