If you currently have a mortgage that is serviced by Ocwen Financial Corporation or Ocwen Loan Servicing, or if you had been involved with these companies and lost your home to foreclosure between January 1, 2009 and December 31, 2012, you may be entitled to share in a massive settlement.
In December 2013, both of the Ocwen entities into a consent order with 49 States, including Illinois, as a result of Ocwen’s systemic misconduct at every stage of the mortgage servicing process that required them to provide $2 billion in principal reduction to underwater borrowers who still have their homes, and to provide $125 million to people who already lost their homes.
Notice packages have now been mailed to affected borrowers and The National Ocwen Settlement Administrator has created a website with information for consumers. If you have received correspondence from Ocwen, or if you think that you may be entitled to file a claim, please submit a confidential email to me HERE.
Post a Comment