Ocwen Mortgage Complaint

Ocwen Mortgage department,

Conventional adjustable mortgage (ARM) Application, originator, mortgage broker Florida

Restructured 7 yrs ago while in financial and terminal health crisis. Struggled through laborious process and ended up with a usurious 2nd mortgage with a baloon note. Husband died and I lost 60 % income. Mortgage now is over - monthly income. Have been approached by company claiming to resolve the - underwater position by getting mortgager thru TARP fundes to forgive -. Offerring 2 % fixed over 40 yrs to a - yr old widow if I pay - for their service of applying with mortgager after minimal preapproval data provided. Language of retainer '' contract indicates failure to provide any further documentation by deadlines can render contract void and no refund of retainer. My children think this is a scam but I am hopeful that there is at least partial truth in the availability of principal reduction with government assistance. I am not impoverished. I have - per yr income but a significant debt structure. I have reduced the - consumer debt my - husband created to less than - today. I am current on all payments but going - in hole each month with only - savings of any kind. I might survive financially another 6 months before having to declare bankruptcy which I consider lacking integrity. I want to pay back reasonable debt but hope that the predatory lending of my mortgager might be remedied to a more reasonable amount. - was the mortgage before real estate market imploded - I have been told FMV is now -. I have a 10.65 % 2nd mortgage with a baloon due in - the 1st mortgage is 4.65 % for - over 40 yrs due -. I need help finding a resolution with integrity. If I must leave my home, I 'd like to do it with dignity. My hope is to keep the property.