Recent Ocwen experiences

[Mike Mombo]

Putting an offer on a house with Ocwen as the bank. Place has been winterized since 2013 and vacant since 2012. Not in the foreclosure circuit yet as far as we can tell. 

Anyway I've heard some horror stories before with them but also that they've moved along a lot of short sales since the spring. Anyone going through the buying process with them now or just get closed with one?

TIA,

Mike

[Jorge Vega]

Mike,

    I facilitate a lot of Ocwen Short Sales. I am working a few of them now and i just closed 2 Ocwen short Sales this month.

Ocwen can be a huge pain in the butt, a majority of the employees there if not all of them are from another part of the world. Almost all departments at Ocwen have been outsourced with the exception to their FNMA dept and team who handles GMAC accounts.

Ocwen is now working all of their accounts in Equator which can make things a little easier as you no longer work directly with an employee from India who is not very sure of their actions as they are most likely new and lack training.

Are you already in active review with Ocwen? Has Ocwen completed a BPO or appraisal on the property yet?

would love to help.