UNBELIVABLE, IS THIS LEGAL?

[rodeomom]

I was reviewing my mortg. payment statement.

ok big deal, TIL

I notice a charge for $121.00, noted hazard insurance.

BTW Mort. is w/Ocwen

Well I remember getting letter from them in Oct. , so I pull out letter.

Dated 10-2-04, requesting proof of current insurance.

I have had to do this with these people several a yr, they loose more crap than my teenage daughter, in her volcano pit of a bedroom.

I see that I made a note that on 10-20-04 I emailed them my declaration page proving current ins. for the current period, 10-04 to 10-05, I believe.

Ok, thinks all is well, then as I said I saw charge for $121.00 on Nov. 04 statement.

I call them up, foreign gentleman difficult to understand, but He finally acknowledges that the did rec. the info I emailed to them.

and that the charge there for was actually for them provideing me with hazard insurance for 9-02 to 9-03, CAN YOU BELIEVE THAT ONE!!!1

He said that if I sent them the declaration page from 9-02 to 9-03, they would reverse the charge.

Well A., My credit may suck, BUT Morgt. pmt never late

B., and ALWAYS HAD INSURANCE.

I am going to look for declaration page, I probably still have it. If not man said I could have agent call and verify I had coverage from 9-02 to 9-03. Have been with this co. for several yrs, so will be quite traceable.

Any thoughts on this idiocy?

This just blew my post toasties out of the bowl.

rodeomom

[virtualpara]

Check with www.edcombs.com: under "violations" link

IV. MORTGAGES

Common violations on mortgage loans

Your loan was transferred from one company to another and the new company began allocating more of your payment to interest if it was received within the grace period but after the first.

Mortgage companies have a statutory obligation to respond to complaints and requests for explanations of accounts. Often, they don't. This failure may entitle you to $1,000.

In a sale of real estate, the seller's lender charges a fee for recording the release of the mortgage, shown on the payoff statement. The title company also charges a fee for recording the release of the mortgage, shown on the HUD-1. One of the fees is fictitious, probably that charged by the lender.

Some lenders have been paying money to borrowers' mortgage brokers to increase the interest rate, without proper disclosure. Look for references to "yield spread premium" or "YSP" or "premium" on the HUD-1.

Some lenders attempt to charge prepayment penalties or monthly late charges after they have placed a loan in foreclosure. Generally, this is not permissible.

Your loan is serviced by Ocwen.

You have an adjustable rate mortgage (rate adjustments are often erroneous and can cost you thousands of dollars). Send us the note, mortgage, adjustment notices and monthly statements and we will check it for you, free.

You are paying excessive interest (10% or more) or high fees and points (8% or more). (These are not illegal in and of itself, but various special requirements apply, and often are not complied with.)

You were charged fees for document preparation.

You were charged recording fees in excess of the amounts disbursed to the Recorder.

You were charged a fee by a lender for drafting a payoff statement (prohibited by most recent loan documents).

Some mortgage companies fail to post payments the same day as received and then impose late charges. If you think your mortgage company is doing this, send your payments by certified mail, federal express, or other means that generates a receipt. Then compare the receipt against the date on which the payment is credited on your next monthly statement, or an account history. Sometimes the dates on the back of the check you get from the bank will show your payments are being held.

[amortgageman]

I was reviewing my mortg. payment statement.

ok big deal, TIL

I notice a charge for $121.00, noted hazard insurance.

BTW Mort. is w/Ocwen

Well I remember getting letter from them in Oct. , so I pull out letter.

Dated 10-2-04, requesting proof of current insurance.

I have had to do this with these people several a yr, they loose more crap than my teenage daughter, in her volcano pit of a bedroom.

I see that I made a note that on 10-20-04 I emailed them my declaration page proving current ins. for the current period, 10-04 to 10-05, I believe.

Ok, thinks all is well, then as I said I saw charge for $121.00 on Nov. 04 statement.

I call them up, foreign gentleman difficult to understand, but He finally acknowledges that the did rec. the info I emailed to them.

and that the charge there for was actually for them provideing me with hazard insurance for 9-02 to 9-03, CAN YOU BELIEVE THAT ONE!!!1

He said that if I sent them the declaration page from 9-02 to 9-03, they would reverse the charge.

Well A., My credit may suck, BUT Morgt. pmt never late

B., and ALWAYS HAD INSURANCE.

I am going to look for declaration page, I probably still have it. If not man said I could have agent call and verify I had coverage from 9-02 to 9-03. Have been with this co. for several yrs, so will be quite traceable.

Any thoughts on this idiocy?

This just blew my post toasties out of the bowl.

Please forgive me for what I am about to say, but I feel a rant coming on..............

Like what the H... are they going to do, buy you insurance for a year that has already passed........give me a break........ like, my house burned down last year, and now I want to buy insurance because I did not have any, and the insurance company would actually pay for a claim when there was no insurance.

Send them the proof of insurance (You already have, by the sounds of things), like they are requesting.

Next you will want to send them a RESPA letter. The purpose of this letter is to request a complete payment history and escrow account history from OCWEN. They must do this as required by Federal law. OCWEN will then have twenty days to respond and acknowledge receipt of the letter, and sixty days to provide you with the entire mortgage history. Examine this document closely, and look for ANY discrepencies (You may be surprised). Common occurrences with this cpompany is forced placed insurance, when you have already had insurance in place on the property, prepayment penalties added to the loan (more often in payoff situations, when selling or refinancing), and other violations that are contradictory to your original mortgage note.

They have already been subject to a very large class action lawsuit, yet they continue to carry on with such idiocy when servicing mortgages.

For a sample copy of a HUD letter, you should be able to find one at http://www.hud.gov/offices/hsg/sfh/res/reslettr.cfm , and for more on OCWEN, you may want to look at www.msfraud.org and search OCWEN

[rodeomom]

Well, Ocwen is at it again, saying I do not have hazard insurance on my house. I am going to send proof again of the insurance.

I did not send the RESPA letter as you told me to before when this happened, my fault. I will not give lame excuses.

I am going to send the RESPA letter this time.

Do I send it CMRRR to verify the # of days they have to respond?

Is there a specific department to which I should address the RESPA letter?

I will do the searching thru my mortgage note and the other sites noted.

Thanks for the help. I really do appreciate it.