Ocwen Loan Modification" width="797" height="265" />Ocwen Loan Modification" width="797" height="265" />
At the law office of Ira J. Metrick, we have defended borrowers against foreclosures from many different mortgage servicing companies including Ocwen Financial Corporation.
Ocwen Financial Corporation (Ocwen) is one of the largest mortgage servicing companies in the United States. Ocwen was founded in 1988 and is headquartered in West Palm Beach, Florida, with additional offices in Florida, Texas, Pennsylvania, California, Iowa, and the U.S. Virgin Islands. Ocwen manages the day-to-day administration of mortgage accounts, including collecting regular monthly payments for both traditional and reverse mortgage loans.
Over the past few years, Ocwen has reached several settlements due to violations of federal consumer laws. This includes a $2.1 billion nationwide settlement in December 2013. As a result, they were ordered to pay billions in fines by granting principal reduction loan modifications, including forgiving arrears, principal, and missed payments.
Eligible homeowners in New Jersey have a good chance of being reviewed for a principal reduction loan modification by Ocwen. In 2017, Ocwen modified 2,325 loans in New Jersey, forgiving a total of $113.2 million in debt. To be considered for an Ocwen loan modification, you must submit a complete application to Ocwen to determine eligibility.
If you are facing foreclosure on your mortgage serviced by Ocwen, we can determine if you may be eligible for a principal reduction loan modification, and we can give you an estimate of the modification payment terms.
If your mortgage is serviced by Ocwen and your home is facing foreclosure, contact us today. We can discuss your situation and help you determine if you are eligible for a loan modification.
We also offer aggressive representation to assist in the loan modification process.
We can also ensure that the lender has followed all proper foreclosure procedures and has not violated your rights as a borrower. These violations can include, but are not limited to:
If any of these or other situations have happened to you, contact the law office of Ira J. Metrick today to discuss your options.
