We Finally Got Them Folks! Ocwen is Going Down!

Anyone who has been following the Ocwen legal saga knows that they have been sued a lot and too often the cases get kicked out of court on summary judgment, before ever going to trial. Well… good news folks – Ocwen has finally met a case they couldn’t run away from. They are going to trial and they are going down!

Ocwen History of Abuse

For those of you who are new to the site, you may be unfamiliar with Ocwen’s history of abuses. They do things like –

• Refuse to take payments
• Report you late anyway
• Try to foreclose on your house after you have paid
• Break into your property
• Put extra insurance on your home and force you to pay thousands for it

Bottom line – they are horrible, have taken people’s homes and ruined lives. It doesn’t get much worst than Ocwen.

There are a lot of cases in play right now, including some class actions, where people are suing for the above. Some have gotten tossed and some are going forward, but most are with individual plaintiffs because Ocwen is really good at getting judges to deny class action claims before they go to trial. But… not this time.

Synder v. Ocwen Loan Servicing, LLC is Different

This case is not to sue Ocwen for their normal crimes of not applying payments, forcing insurance or illegally starting a foreclosure. Nope. It’s for something far more simple – violating the TCPA. For those of you who don’t know, the TCPA stands for the Telephone Consumer Protection Act.

The TCPA is the law that protects consumers from getting harassing phone calls or at least unsolicited ones. In order for a business to call someone on the Do Not Call Registry, they need to have their consent or approval first.

Well… guess what? Ocwen either didn’t have it to begin with or they never bothered to keep records. That’s illegal.

So, every time they called someone with a mortgage without their consent, they were violating the TCPA. The plaintiff, Snyder, is suing them for that violation and the judge certified it as a class so that the class action could go forward.

This is like getting Al Capone on tax evasion folks. It’s the least of their crimes but this could be what breaks Ocwen and finally takes them down.

They tried to settle.

Ocwen knows that they’re in trouble and tried to settle the case for over $17 million. However, they “forgot” to tell their insurance company about the lawsuit which means that the insurance company wouldn’t have to pay for the settlement. They told the judge that they couldn’t afford the settlement as a result.

The judge isn’t letting them off the hook.

Instead, the judge has forced them to go to trial, refusing to let Ocwen walk away from their settlement obligations without going before a jury. Now, a jury will get to hear the case and it is likely that they will give an even bigger award than $17 million.

Now that’s good news.

Have you been screwed by Ocwen? Gotten harassing phone calls from them?

You may have a legal claim too.  Visit ocwencomplaints.com to find out.