No more Ocwen for me

[Maryann L.]

not sure if anyone else is having issues with Ocwen deals. I had 3. One foreclosed. One was about to foreclose and owner tried loan mod and got it stopped, now I'm in my third situation and foreclosure date was set (short sale was submitted LONG ago with no response)

Ocwen's policy is to NOT stop a foreclosure for a short sale. This is my last Ocwen deal. I'm done.

I found this tonight...apparently many people are having issues with this blood sucker.
http://activerain.com/blogsview/1650111/ocwen-and-its-president-ronald-m-faris-called-out-as-two-faced-

[Scott Hubbard]

Ocwen does not postpone foreclosure as a policy, however, if the investor (noteholder) so chooses, they can reverse the foreclosure.

For instance, I have one where Freddie mac is the investor and although Ocwen did foreclose, Freddie is still reviewing our offer.

The problem with this scenario, for us as investors, it is unlikely we would get to this point unless our NET to Ocwen was significantly higher than assumed NET as an REO.

I have had success with Ocwen before, but they do take at least 90 days to review the SS, so I would only attempt Pre-lis pendens stuff or if your in a redemption state.