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Ocwen Principal Reductions

Good news for Nevadans who have their loans serviced by Ocwen Mortgage, which is the largest nonbank servicer of home mortgages.  Because of foreclosure irregularities such as foreclosing too early or not following foreclosure guidelines and using falsified documents in foreclosures, Ocwen has reached an agreement with the state of Nevada to provide over $32.7 million in principal reductions to underwater borrowers in Nevada.  If you have a loan serviced by Ocwen and your house is worth less than is owed on it, Ocwen may contact you.  However, you may also contact Ocwen directly at 800-337-6695.  You may also try the Nevada attorney general’s homeowner’s help line at 855-457-4638.

This information appeared in the Las Vegas Review Journal today.

If you don’t know if you are underwater on your mortgage, click here to request a free, no obligation market evaluation of your home.

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