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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
I also received my check $1000, Maryland.
got my check today in NJ
Got my today for $2000 in Texas. I had forgotten about it and be sure to check the note – mine said “cash or deposit before 12/19”.
Got my check today $2000 in Ohio
received my check in California 600.00
Received a $500 check today in Oklahoma
Got my check in the mail today!!! Yaaay!!
I also received a check today good luck to everyone
Hi,
Where are you located?
South Carolina
Thank you A.C. I completed and mailed my form back in October of last year and am located in California. Hopefully I receive my check in the mail today. Once again, thank you for notifying us that you received your check.
Kentucky
Brook and/or A.C.,
Was your check amount in the lower hundreds or thousand(s)? Per the claim form “Settlement check amounts will range anywhere between 300 – 3000.00”. If you don’t mind sharing it would be greatly appreciated.
I just called was told my check in the amount of $300 has been mailed dated Oct 21st.
500
I received a check also.
I wanted to let everyone know that I received a check today. So, they are starting to send them out. I hope you all get yours soon.
Nothing new from OCWEN. But we keep getting the 1098 Mortgage Tax Correction statements, we now have atleast 3 from year 2015. Nothing from the misdated letters claims yet. Anybody surprised?