Ocwen REO. Ocwen offers both residential and commercial REO services including foreclosed property sales. Please click on either of the links below to browse our current listings or to find out more information:
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Ocwen is a major player in Florida residential real estate financing. This is because after the 2008 Foreclosure Fraud Crisis, Ocwen bought huge amounts of subprime home loans from Florida lenders anxious to avoid loans considered to be at high-risk of default and foreclosure. Ocwen continued to build its mortgage servicing empire from there.
Law360. ocwen loan servicing LLC has been filing foreclosure actions against its mortgagees before either applying or refunding unapplied funds on their accounts, according to a proposed class.
The Ocwen foreclosure process is more aggressive than most. In addition to pushing homeowners into foreclosure so that they can sell the home at auction, they are notorious for having awful customer service that makes it impossible for a homeowner to find out the real status of the their loan situation.
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If you had a loan serviced by Ocwen Loan Servicing, LLC, your rights may be affected by a class action settlement, including your right to money. A Federal Court authorized this Notice. This is not a solicitation from a lawyer. A proposed settlement has been reached in a class action lawsuit concerning whether Ocwen Loan
Ocwen Financial’s settlement streak is continuing, as the nonbank announced Wednesday that it reached settlements with two more states that will remove each state’s mortgage servicing.
Law360 (December 15. an assembly-line process allowing lenders/mortgagees to foreclose on properties and/or protect their interests in bankruptcy court while minimizing human involvement," the suit.
NEW YORK – State and federal authorities are suing Ocwen Financial (), saying the loan servicer illegally foreclosed on at least 1,000 U.S. homeowners and mishandled millions of mortgage accounts.
Allegedly, Ocwen also illegally foreclosed on struggling borrowers, ignored customer complaints, and sold off the servicing rights to loans without fully disclosing the mistakes it made in borrowers’ records. The Florida Attorney General took a similar action against Ocwen today in a separate lawsuit.
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Law360. holding that the trial judge had improperly dismissed the claims under the firm’s attorney immunity theory. mackie Wolf was representing The Bank of New York Mellon Corp. and Ocwen Loan.
First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010 august consumer bankruptcy filings fall 8 percent this month September 1, 2010, Alexandria, Va . – The 127,028 consumer bankruptcies filed in August represented a 8 percent decrease nationwide over the 137,698 filings recorded in July 2010, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy.