Plaintiffs were approved for a Making Home Affordable Trial Modification where they were to make 3 payments to Saxon in order to receive their permanent HAMP modification. Plaintiffs made 22 payments to Saxton and believed their permanent modification was implements. Upon transfer of the loan from Saxon to Ocwen, Ocwen refused to accept further payments and placed Plaintiffs into default.
Plaintiffs filed their lawsuit to enforce their modification agreement. The lawsuit settled on the eve of trial.
LITIGATION SETTLED. SPECIFIC SETTLEMENT TERMS ARE CONFIDENTIAL. FORECLOSURE PREVENTED AND PLAINTIFF RECEIVED A FAVORABLE MODIFICATION