Ocwen Short Sale Support

Ocwen Mortgage Company, LLC was founded in 2012 and is one servicing well over a million loans. They are one of the larger mortgage servicers in America. Ocwen like many servicers offers mortgage work out options for borrowers who are in a distressed position financially and in relation to their real estate asset that Ocwen is servicing the note on.

If you are behind on your mortgage or current with a home that you owe more money on then it is worth, a short sale may be an option. A short sale is when the NET proceeds of the sale will not cover all debt secured on the property. You must ask the servicer and investor for permission to sell the home. This is granted by the issuance of a short sale approval letter.

A short sale package will need to be gathered, a value will be completed on the property, a purchaser must be procured on the home and if the numbers and package pass review, the transaction may be approved. This is the process in a nut shell but it is much more complicated and varies on a myriad of borrower and investor factors.

A short sale may help a borrower reduce liabilities related to the loan such as a deficiency judgement or tax liabilities. A short sale if possible is generally a better option than a foreclosure for almost all scenarios. Another benefit is that the home occupant may receive some relocation money from the bank to assist in moving.

If you would like Ocwen Short Sale Support or have questions, please fill out the form below or call 1-800-692-9960 and a specialist will be in touch with you shortly.