OCWEN and its President, Ronald M. Faris, Called Out as “Two-Faced”

By
Real Estate Agent with Keller Williams
http://actvra.in/58x

ocwen-main-logoFred Weaver with special guest, Brian Gubernick, compare and contrast Mr. Faris' statement to the press and his actions behind the scenes. Revolting! Shame on you Mr. Ronald M. Faris!

Link to Article about OCWEN President Ronald M. Faris written by Kimberly Miller (Palm Beach Post Staff Writer) on 2/26/10 http://www.palmbeachpost.com/money/ocwen-financial-president-ron-faris-trying-to-make-292877.html

In the article above, Ron Faris states....

"People also think that we make money by foreclosing on a home. Foreclosure is not only bad for the homeowner, but it is also bad for the investor in the loan because foreclosure almost always results in a loss."

Now here comes the revolting part...

Email from OCWEN President Ron Faris to Brian Gubernick on 3/13/10...

From: Faris, Ronald [mailto:Ronald.Faris@ocwen.com]
Sent: Saturday, March 13, 2010 8:59 AM
To: Brian Gubernick
Cc: Coykendall, Joshua
Subject: RE: OCWEN LN#XXXXXXXXXX - SHORT SALE for Borrower: XXXXX

Mr. Gubernick,

Can you help me understand how a short sale will help the homeowner?   My goal is to find a solution that keeps the borrower in their home.  If that is not possible, then there is no meaningful difference between a short sale and a foreclosure sale.  If you have a buyer for the property, we can always sell them the property post foreclosure sale.  As it looks like you are a real estate agent I can understand that you are concerned about losing your sales commission.

I suggest you have the borrower contact Mr. Coykendal to see if there is any way for us to do a loan modification.

Regards,

Ronald M. Faris

Please, please forward this to everyone including your Senators and Representatives.  OCWEN needs to be exposed for its hypocrisy!

Also, if you know anybody that works for OCWEN, on any level, please forward this link to them.  Or, feel free to write Mr. Faris yourself.

Ronald.Faris@ocwen.com

close

Re-Blogged 4 times:

Re-Blogged By Re-Blogged At
  1. Bob Hertzog 05/18/2010 11:57 AM
  2. Mark "COACH" Collard 05/18/2010 06:07 PM
  3. Tiffany Torgan 05/18/2010 07:00 PM
  4. Toni Dalrymple 05/19/2010 03:22 AM
Topic:
ActiveRain Community
Groups:
Short Sale REALTORS®
Tags:
banks
bank guidelines
short sale training
short sale power hour
ronald faris
ocwen

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Show All Comments
Rainmaker
227,511
Bob Hertzog
Summit Home Consultants - Phoenix, AZ
Designated Broker

Great post Kevin!  The scary thing is that I feel that most lenders have this same attitude.  I think it's awesome that you guys are exposing them, and I've re-blogged it.  I've also flagged it, asking for it to be featured, as I feel it is SO important for other agents and borrowers to see this.

Great Job!

May 18, 2010 12:18 PM #1
Rainmaker
115,955
Kevin Kauffman
Keller Williams - Tempe, AZ
Kevin Kauffman

Thank you so much Robert!  Were are committed to holding these banks accountable! 

May 18, 2010 01:57 PM #2
Rainer
141,931
Tiffany Torgan
Harcourts Prestige Properties - La Jolla, CA
La Jolla, CA. Real Estate

These banks are criminal and I cannot even say what else! I am trying to get my second trust deed modified by Bank of A holes (they did modify my first) and I spent an hour in a half on the phone with them and she referred me over to the foreclosure department! I will be re-blogging all your posts this week...I want these banks exposed!

May 18, 2010 07:00 PM #3
Anonymous
Anonymous
Mori
How did you talk to "Josh"? I always have to talk to "Abhijat" or "Ajar" or "Remi" Ocwen is totally frustrating. I have found that if you call the 800# and hit 2 (I think) for Spanish, you get the folks that speak English and Spanish in Florida. :-S
August 18, 2010 09:46 AM #4
Anonymous
Anonymous
Sue Riley
Very interesting. I have a client whose loan was just purchased by OCWEN. They had submitted a short sale application to their lender only to find out the loan was sold. I need to get a short sale for them before it is foreclosed on. This is good information, I can only hope I have a better experience.
September 01, 2010 06:01 PM #5
Anonymous
Anonymous
ocwenscrewedme
Ocwen obtained our Mtg in 09 from original Mtg Co of 4 yrs. NOW for the past 3 months Ocwen has REFUSED our mortgage payments and is foreclosing. Cecil said we have until Oct 7th to pay $5,875.00 but wasn't sure that Ocwen will accept it and we probably would not get the money back, Then on 9/16/2010 I called Ocwen and talked to Aida Wright, she told me she wanted $7,115.12 but the forclosure will still go through and no money back. Ocwen was late taking payments from my bank 2 times in past. NOW for the past 3 months Ocwen has REFUSED our mortgage payments and is foreclosing as I am typing this, I have talked to people at Ocwen that say they cannot help but Cecil did say we have until Oct 7th to make a payment of $5,875.00 but she wasn’t sure that Ocwen will accept it and we probably would not get the money back (I’m not sending that much money if I can't keep my house or get my money back). Then on 9/16/2010 I called Ocwen and talked to Aida Wright and she told me she wanted $7,115.12 right then, I told her the money is in the bank all they have to do is get it out as usual, she hung up on me. They make more money by having foreclosed homes than on our loan payments. Now I wait for the foreclosure sign to be put on my front lawn.
September 17, 2010 03:15 PM #6
Anonymous
Anonymous
ocwenscrewedme
I went to attorney 9/21 and he called Ocwen and got another amount of catch-up amount and the woman spoke perfect English because she is the person that talks to your attorneys not to the borrowers. something else just came up to add to my despair so i am walking away from it and Ocwen can have it. OCWEN AND THIS TOWN I LIVE IN CAN FIGHT OVER IT. I'M GONE, I'M MOVIN ON DOWN THE LINE. :) ocwen screwed me and no vaseline.
September 22, 2010 12:45 PM #7
Rainmaker
198,692
Nick Good
The Good Home Team with Keller Williams Realty - Allen, TX
www.TheGoodHomeTeam.com

Anyone have any experience dealing with OCWEN as a 2nd?

October 05, 2010 03:53 PM #8
Anonymous
Anonymous
Paul Bowie

We too are having issues with Ocwen and   can never speak to anyone in USA always India.

the sth florida BBB gives Ocwen an "F"

I reported them to FL attorney general but got fobbed off-is there NOTHING anyone can do/is doing  ??

August 28, 2012 10:32 AM #9
Anonymous
Anonymous
Mike

Property inspection fee charged for no reason. My e-mail to Ocwen CEO:

 

Hello Mr Faris,

 

My name is ****** ******, and my loan was sold to your company by Aurora financial group. On my October Statement, I was charged a $35 property inspection fee, which was quite surprising as no lender has ever charged me such a fee on any loan I have ever been a party of. When I called to inquire, I spoke to one of your portfolio managers who refered me to my deed of trust to justify the fee. My deed of trust contains no such provision, including the section pointed out by Mr Kazia. Since Ocwen has a rather large number of complaints (in the thousands just on BBB alone, with an F rating) regarding similar issues, I have already logged complaints with the BBB, FTC, CFPB, and the State Department of Corporations. And now I'm logging a complaint with you. I've never been deliquient on my loan, taxes or insurance, so this isn't an issue of assesing penalties on people who should "look in the mirror" as you so eloquantly told one of your customers. No, this is an issue of what's wrong with America. If your company gets sued / fined and goes bankrupt, and you loose your job, you walk away with everything your company stole from the American people. And some wonder why people want to raise taxes on the wealthy? Because of how some aquire their wealth. The actions taken by your company in order to reap profits gives those who actually earned and worked to make millions a bad name. It is you, sir, who should look in the mirror.

 

Good day. And have fun in court.

 

(MY NAME)

October 23, 2012 07:50 PM #10
Anonymous
Anonymous
Chad Williams
Mr. Gubernick...please help me!! Dear Chad, Thank you for contacting Ocwen. One of our team members will contact you shortly. Below is a summary of your website form: Summary of web form submission: Your Name Chad Williams Email Address cawilliams74@gmail.com Case Number 9373995 Areas of Interest Theft of Property 320 S Richard St Bedford PA 15522 Company Phone Message I am requesting a representative of Ocwen Financial contact me regarding the theft of my property by a Vendor sent out to remove our belongings from a home we were in the process of purchasing. We had a rental agreement with the owners of the home even though the property was listed for sale as possible short sale. We provided our lease agreement along with our offer for this home to Ocwen who was well aware that our belongings were in this home. The home went to Sheriff sale even after a rep representative from Ocwen said it was not. Now Altisource had a vendor send a third party out to remove our belongings and incinerate them. Including my 16 month old babies belongings. I am requesting someone from Ocwen contact me to discuss this issue and why were where never informed of the removal notice. Nothing was posted after the Sheriff sale as I had went by weekly to check. nothing appeared until yesterday when the property was being removed. I respectfully request return contact regarding this matter. How did you hear about us? Continuation on my message.I have documentation regarding my rental lease and that it was supplied to Ocwen with our offer on this home. I also have names and dates of phone conversations with Ocwen representatives and our real estate agent. I would hope this matter can be handled professionally and someone can step up to the plate and speak with me regarding this. This is my third request for a return call.
May 31, 2014 07:47 AM #11
Anonymous
Anonymous
Brenda
I lost my home of 20 years to these people...They wouldn't modify my loan,because I live in Texas,they wouldn't take repayment because I couldn't come up with 7500.00 half of what they say I needed to pay.....The repayment would make the payment 700 dollars more a month than the original payment....so if I couldn't manage the lower payment,how do you think a higher payment was going to work? I fought with them for over a year......In the end I had to sell this house to a real estate investor for a fast sell,and no foreclosure....I am still broken hearted by this as I am a single parent and had to leave the only place we had!
June 03, 2014 08:37 AM #12
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Rainmaker
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Kevin Kauffman

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