If you’ve looked around online at all for information about completing an Ocwen short sale, you may have found a lot of negative information about the process and their business practices. In the last 12-18 months, Ocwen has significantly changed quite a few things about the way they do business. As a mortgage servicer they have, in recent history, evolved to servicing Fannie Mae, Freddie Mac, FHA and VA loans. Before that, and where most of the negative press is from, they didn’t handle these loans. There are some loans that Ocwen still services for some investors but where it relates to anything Fannie Mae, Freddie Mac, FHA and VA, Ocwen has to follow the guidelines put in place by each respective company. Where this relates to you is that you need to make sure the real estate agent that helps you deal with this and work with Ocwen on your behalf, really understands Fannie Mae and Freddie Mac short sales, FHA short sales and VA compromise sales and all the guidelines and nuances that go into them. This way, if Ocwen isn’t following these guidelines your agent can point it out to them or call the investor and ask them to help Ocwen understand the guidelines.
What I’m trying mostly to impart is that if you have an Ocwen loan and you’re looking for information about them be very careful about going to the sources that only have negative information. Our team has had incredible success with getting Ocwen short sales closed. We really pride ourselves in this and we’ve love it if you’d give us the opportunity to help you with your Ocwen loan. Please reach out to us today to go over your situation with Ocwen and let us explain just how much we can help you.