Condo in foreclosure since May 2011, mortgage previously with GMAC, now taken over by Ocwen. Retired in January and wrongfully assumed I could just start making payments on the mortgage.
Halt, you must go through a modification with Ocwen to stop the foreclosure. Agreed and sent all paperwork and info they requested.
Ocwen rep calls weekly to check up on me and inform about progress.
Property worth half of what I owe, needs work.
Have not paid HOA dues for years, yet holding back on that until mortgage issue resolved. Also owe on credit cards for years. Credit rating shot. Have no savings, SS payments less than a grand a month.
The Ocwen rep keeps telling me they haven’t decided. Am I getting a delay tactic or runaround here? As in, they actually want to foreclose instead of loan modification? Went through bankruptcy about 15 years ago, unsure if worth pursuing now.
The AnswerIf you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Ocwen Condo Foreclosure in Limbo Leaves Me Worried About HOA Fees and Mortgage Modification - Frank by Steve Rhode