Ocwen, the nation’s fourth largest mortgage servicer, is preparing to settle with the Federal Government for $2.1 Billion in connection with allegations of wrongdoing in foreclosure practices. Ocwen specializes in delinquent and sub-prime mortgages, and stands accused of robo-signing, dual tracking, and denying modifications without adequate review. Many homeowners across the nation have been affected. Ocwen’s executive chairman was just names on Forbes list of wealthiest Americans at a whopping $2.3 Billion in net worth
In California, homeowners may be able to pursue a claim under the Homeowner’s Bill of Rights, which law provides borrowers with remedies as much as $50,000 plus attorneys’ fees for foreclosed homeowners. If a California homeowner has been victimized by foreclosure any time after January 1st, 2013, they should not hesitate to contact us for a free case evaluation.