rillibiig Posted June 10, 2007 Report Share Posted June 10, 2007 here's the deal..I re-financed through Ocwen,then chase tookover the account.. the problem is ocwen is still coming up on the CRA.almost the Same amounts. Chase says 36,300 Ocwen says 36,900 I pay chase monthly behind a little but my question is what should i do about ocwen on my report? Link to comment Share on other sites More sharing options...
justincase Posted June 10, 2007 Report Share Posted June 10, 2007 If Chase purchased the debt your account with Ocwen should report to say $0balance and the credit limit should be $36,900 or whatever is correct. Send them a letter CMRRR advising them of error, once they sign wait about 15 days for reply if no reply then dispute with the CRA's as incorrect balance. If it comes back verified you may have them on violation if you have the proof to back your claims up. Just my opinion!!!! Good Luck Link to comment Share on other sites More sharing options...
Tazjeepcj7 Posted June 10, 2007 Report Share Posted June 10, 2007 This might be a case where you would be better served to call the first mortgage company and ask them to report your account correctly. Since they have sold the account to Chase (and I assume the account is still active) they would only need to update the account info with the CRAs. Link to comment Share on other sites More sharing options...
justincase Posted June 11, 2007 Report Share Posted June 11, 2007 I agree with you to some degree Tazjeepcj7, but rillibiig should keep his correspondense to CMRRR and keep paper trail just in case (no pun intended) his request fall on deaf ears and he decides to file a case against them later he has proof to back his claims. Link to comment Share on other sites More sharing options...
Tazjeepcj7 Posted June 11, 2007 Report Share Posted June 11, 2007 If the account is not closed/written off I still think a simple telephone call will fix this situation. The previous mortgage holder will no doubt understand the account has been sold/transferred and should be willing to update their records. No animosity justincase, just a difference of opinion. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted June 11, 2007 Report Share Posted June 11, 2007 Justin and Taj - You both have some good thought processes going on. It seems to me to just be a difference in Georgia thinking vs Maryland thinking. Washington thinking: Send stuff in the mail. I'm a big believer in CMRRR, but I've been wondering if it's worth 5 bucks each time I send out a GW letter....normal postage seems OK to me...CMRRR is really for potential lawsuits and what not. A GW letter to the old mortage people is what I would do. rilli mentioned a little bit of lates with Chase, and I think we all agree he shouldn't contact Chase for anything...dont want those to be reported.... Link to comment Share on other sites More sharing options...
justincase Posted June 11, 2007 Report Share Posted June 11, 2007 Of course none here either, I love it when we constructively have a difference of opinion it helps me look at things from a diffrent angle and I learn from that. Link to comment Share on other sites More sharing options...
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