Ocwen Federal Bank
Has anyone ever dealt with this bank for a short sale? I have not yet, but have heard from a friend in the mortgage business that Ocwen does not short sale any of their mortgages (they buy bulk portfolios in the secondary market). Instead, they force the poor homeowners out (meaning they are very rigid in their terms) and would rather foreclose on the homeowners so they can gain control of the house to re-sell for profit. I have heard that some mortgage companies do this, but I hear they are he!!!! to deal with.
I am sure there are other mortgage companies like this. Does anyone have any suggestions for trying to successfully get a short sale when dealing with one of these companies?
Ocwen, and if you go to google and run "Predatory lenders" you will find more are going to be impossible to deal with unless you have a realtor who handles their properties...when they are disposed...they will deal but not til they are finished sucking the life out of their lendees. Then, hit up your realtor friend and lowball them until they say yes, but let him or her do the dealing...it's worth the time and aggravation you save...Rather Russ