Ocwen Admits to Misdated Letter Snafu- Sets Up Claim Process

J Thomas Black
Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization
Posted on Nov 09, 2015

If Ocwen Financial Corporation (Helping Homeowners is What We Do!®) is your mortgage company, you may have recently received a claim form for you to fill out to seek a payment of $300-$3000, if you received a "mis-dated" letter from them.

Last year, the N.Y. Dept of Financial Services investigated and determined that Ocwen had back-dated certain letters to borrowers. Many of the letters concerned the denial of loan modifications, giving the borrowers only 30 days to appeal the denial. By the time the letter was received, the time to appeal had passed. Other letters provided borrowers facing foreclosure with dates to cure their loans that had already passed.

Ocwen has established a voluntary claim program to pay money to borrowers who received backdated letters. To be eligible for a payment, you: (a) must have received an incorrectly dated letter between Jan. 1, 2012 and Dec. 31, 2014 that contained a deadline for borrower action; and (b) must have subsequently been referred to foreclosure.

If you received your claim packet already, you must submit it by May 2, 2016. If you believe you are eligible and did not receive a claim form, you can go to www.ocwenmisdatedletterclaims.com and get one and also more information. 

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