Well, if you were like most Americans who got their Freddie loans handed over to completely inept loan "servicing" banks, you probably heard of Ocwen Loan Company. We have been fighting to get someone to verify the FACT that our bank records prove we have been paying our payments on time every month, but now an apparent computer data entry issue has caused our loan to pass thru the torturous process of the Ocwen mean machine.
The link that follows is replete with many others who have been unable to work at any reasonable level with such a misfit of a company. The last I read they have outsources something like 89% of their workforce to India and other countries. The sad fact is that most banks are doing the same which makes it impossible to deal with anyone in the states that has a clue on how to work with the issues.
So, regardless of the fact that I have paid my $2000 p/month mortgage on-time is meaning less to the almighty Ocwen Loan computers. They have now sent notices of default and threatened to foreclose.
Well, if you don't have the funds for a lawyer, what do you do? We have elected to start a network of blogs that will work with other established sites that will hopefully lead to a class action lawsuit for northern New England people. We have found a great community over at ShameTheBanks.org and highly recommend time is well spent there as well as ComplaintsBoard.com's mortgage are as well.
Stay tuned to this because we are going to town in setting up a respectably sized network to put some real pressure on such predatory lending practices. It's going to be a ride and we will make the most of it!
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