Plaintiffs filed a Chapter 13 Bankruptcy to restructure their debts and become current on their mortgage. Plaintiffs made their mortgage payments while in bankruptcy, on time, every month to their lender. Plaintiffs’ loan was transferred to Ocwen and Ocwen sent Plaintiffs a loan statement indicating that Plaintiffs owed $47,726.68 in arrearages.
Plaintiffs attempted to contact Ocwen regarding the discrepancy; however Ocwen refused to work with Plaintiffs to clear up the arrearages issue. Plaintiffs filed their lawsuit to enforce their rights.
LITIGATION SETTLED. SPECIFIC SETTLEMENT TERMS ARE CONFIDENTIAL. PLAINTIFF RECEIVED $195,000 PRINCIPAL REDUCTION