Ocwen Class Action Lawsuit and FTC Complaints

As the Owen Financial mortgage debacle continues, we find ourselves looking for ways to shout our case from the highest rooftops. One of these is making formal contact to the various Attorney General's office's and the Federal Trade Commission.

From their website "The Federal Trade Commission, the nation's consumer protection agency, collects complaints about companies, business practices, and identity theft.

Your complaints can help us detect patterns of wrong-doing, and lead to investigations and prosecutions. The FTC enters all complaints it receives into Consumer Sentinel, a secure online database that is used by thousands of civil and criminal law enforcement authorities worldwide. The FTC does not resolve individual consumer complaints."

Currently, we are forming a blog network for specific mortgage loan issues such as what Ocwen Loan Servicing is doing to us. They have created several errors in our loan's payment history and have feed us to the wolves. We have made every monthly payment before the true late date, but they are impossible to reach and now have sent several default letters regardless of our sending in copies of our complete bank records via registered mail.

Regardles of the fact that we have a mortgage account that has admissible evidence on being paid on time, Ocwen Financial may end up foreclosing on our account. This will most likely require a court appointed mediator to hear our case. As we presently cannot afford an attorney, it is our hope that perhaps as we chronicle the details of this horrific journey, we can get a class action law lawsuit for damages?

Well, stay tuned because until this get resolved either way, we will not cease to create more and more blogs that specifically point out this obvious scam. We are researching a good domain name like The Ocwen Finance Nightmare. We want to avoid and defamation charges, so perhaps a good generic term will suffice, but it's a SEO game as most know!

What do you do when it gets to the point that nothing else is working???

More Ocwen Financial Complaints:

Ocwen’s large scale offshore business poses considerable operational risk:
A significant portion of Ocwen’s operations are concentrated in India. With more than half of its employees positioned in India, Ocwen remains exposed to the risk of any significant change in India’s economic liberalization and deregulation policies.
Going forward, this excessive and extensive dependence on India could also increase the cost of operations while posing investment and operational risk to the company. more..


111 Ocwen Finance Complaints at Pissedconsumer.com
Ocwen Financial Corporation website publishes the tag-line of: "We make your loans worth more". Yea, more valuable to themselves for fraudulent fees and messed up payment history data. They further go on to state, "Any customer of Ocwen can easily pay his or her bills on-line, by telephone, by Money Gram or by mail." Yea, IF they don't screw up your account status! Ours has been fraudulently been placed into a default status and the online and phone systems will only allow us to pay via a live person for a $19 service charge!!

The company claims to have the customer, his business and the solution of his financial problems number one prerogative. In 2007 Ocwen was ranked as the leading innovative company in the financial sector. Apparently they were good enough to get Uncle Sam to divey up the thousands of Freddie Mac loans, but can't handle the volume or contingencies of managing the problems. They ask that folks make attempts to contact Ocwen Customer Service directly prior to posting any complaints on there website. Really, what do you do if you cannot contact anyone there?? more..