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my Ocwen SUCCESS!!

This is a topic titled my Ocwen SUCCESS!! made in the Home Mortgage section, belongs to our Mortgage Chat category; Well here's our story back in 2003 we bought our first home things were going great.We wanted a house that our 4 kids could grow up in.Then ...








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Old April 15th, 2008, 03:58 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default my Ocwen SUCCESS!!

Well here's our story back in 2003 we bought our first home things were going great.We wanted a house that our 4 kids could grow up in.Then in august of 2007 those dreams were shattered our mortgage payment went up to 3200.00 due to the arm loan and in July 2007 my husband had a apendectomy surgery and was off work for 4 weeks hes self employed so no pay.We also have a baby girl that we are unable to get medical insurance for because she was born with clubfeet so we have several expensive medical bills.I called the mortgage company and explained to them what was going on they offered a forbearance plan which brought our payment up to 3600.00 a month a payment that we could not afford.We struggled with this payment until October 2007.We could no longer afford this payment so i began trying to refinance which was impossible because we have no equity.So then we decided to go ahead and try a short sale well as if it couldn't get worse ocwen our mortgage company is no longer accepting short sales so we are being forced to foreclose.,If we call them the only thing they offer is forbearance which we don't want to do because the payment would be higher and they mark you late every month until you get out of it. So now all the sudden when i called the hope hotline i get a call from ocwen saying they are willing to modify our loan.I was realy happy when I got this phone call but now im getting nervous ocwen has denied 3 of the loan modifications they are now trying to drop the interest rate to 3.95% for 3 years which would give us time to repair our credit being that we were paying 4000.00 a month now we may be paying 1890.00 big dif and much more affordable im realy not sure what to do at this point i've tried i've kept in contact with them like im supose to the max i could afford is 2000.00 a month with ocwen because my secong mortgage is 400.00 a month .
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Old July 9th, 2008, 06:37 AM   #2
lisare
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Registered: Jun 2008
Posts: 11
Default Re: my Ocwen SUCCESS!!

Success is the major issue for very one, now a days every one want to getting success in your life ,because if he could not get success then he can't survive in the life .so success is a important part of life .
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