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This settlement is closed!
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Ocwen Loan Servicing has set aside $100 million to voluntarily settle accusations that borrowers may have received misdated letters from the company that resulted in a referral for foreclosure.
New York Department of Financial Services Superintendent Benjamin Lawsky initiated allegations against Ocwen of backdating potentially hundreds of thousands of letters to borrowers which was likely to cause them “significant harm.”
According to Lawsky, these borrowers received a letter from Ocwen which denied a mortgage loan modification and informed the recipient that they had 30 days to file an appeal. However, the letters were allegedly dated more than 30 days prior to the mailing date so that by the time borrowers received the denial, the 30 days to file an appeal had already passed.
In a statement given by Ocwen on the Misdated Letter Claim Program website, the company says it “sincerely regrets any difficulty these letters may have caused and is committed to preventing such errors in the future.”
Borrowers have until May 2, 2016 to file a Claim Form to receive payment from Ocwen. According to the loan company, the majority of claims are reviewed and processed within 180 days after submission.
UPDATE: On Oct. 24, 2016, Top Class Actions viewers who submitted timely and valid claims for the Ocwen misdated letters claim program started receiving checks worth as much as $2,000!
Who’s Eligible
Eligible Ocwen borrowers included in this program are all individuals who received a misdated letter between Jan. 1, 2012 and Dec. 31, 2014 and were subsequently referred for foreclosure.
Potential Award
$300 – $3,000
Individuals who believe they were negatively affected by the Ocwen misdated letter and submit a Claim Form are expected to receive a payment between $300-$3,000 per loan.
Proof of Purchase
N/A
To receive payment from this program, individuals must file a Claim Form. Those who are able to attach copies of Ocwen letter(s) showing the misdated document, will have their Claim Form processed quickly. Regardless, Claims will be considered even if documents are not provided.
Claim Form Deadline
05/02/2016
Case Name
N/A
Settlement Website
Claims Administrator
Ocwen Misdated Letter Claims
PO Box 4349
Portland, OR 97208-4349
877-919-9184
info@OcwenMisdatedLetterClaims.com
Fax: 1-844-898-4508
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124 thoughts onOcwen Misdated Letters Claim Program
This is not fair to us we are still getting done wrong if we receiving checks u all should know dates by now
I just received this on our email
Thank you for your email.
According to our records, we received your claim on April 22, 2016. We expect the majority of claims to be reviewed within 180 days of the May 2, 2016 claim form deadline. At this time, your claim is in review. While no additional information is available at this time, feel free to check back with us periodically. If your claim is approved, we will mail you a check. We currently anticipate payments to be made in late 2016.
Regards,
Wendi S.
Ocwen Misdated Letter Payment Agent
I also returned the claim form in October of 2015 and was told that they would notify me of how much the settlement would be within180 days. I have yet to see anything in writing. I called in April and was told a different story again about the 180 days from May 2nd. Kind hope the courts are staying on top of this will keep looking in the mail.
We had so many mis dated letters from them they made us lose our home because of it I hate this company we are trying to do a modifaction with them they kept saying they didn’t receive documents which they did they did everything fraudulent and I want to sue them for everything they got
Does anyone know the person within the lawsuit we can all contact to tell them that Ocwen is misinfoming all of us and to me seems to be noncompliant of the court order?
I filed my misdated letter claim in December of 2015. They told me 180 days from the day I file my claim. I contacted them again after 180 days. At that time they told me 180 days after the May 2nd deadline. It is now 197 days since then. I just emailed them and haven’t heard anything back yet.
FYI 180 Days will be October 30, 2016.
It is almost October and I haven’t received any letter or check with an update. When should we expect some notification?
I filed my misdated letter claim in December of 2015. They told me 180 days from the day I file my claim. I contacted them again after 180 days. At that time they told me 180 days after the May 2nd deadline. It is now 197 days since then. I just emailed them and haven’t heard anything back yet.
I received my check yesterday October 24, 2016. Almost 11 months.
Be patient it will be in the mail soon.
Ty pb
I just spoke with the. I filed my claim last year they have all my info and they still say 180 days from May 2 they don’t know if it’s business days or calendar days but that is when the review will be complete and checks will be mailed.