California Homeowners to Receive $268 Million | McCarthy Law PLC
January 15, 2014

California Homeowners to Receive $268 Million

Ocwen, the nation’s fourth largest mortgage servicer, is preparing to settle with the Federal Government for $2.1 Billion in connection with allegations of wrongdoing in  foreclosure practices. Ocwen specializes in delinquent and sub-prime mortgages, and stands accused of robo-signing, dual tracking, and denying modifications without adequate review. Many homeowners across the nation have been affected. Ocwen’s executive chairman was just names on Forbes list of wealthiest Americans at a whopping $2.3 Billion in net worth

In California, homeowners may be able to pursue a claim under the Homeowner’s Bill of Rights, which law provides borrowers with remedies as much as $50,000 plus attorneys’ fees for foreclosed homeowners.  If a California homeowner has been victimized by foreclosure any time after January 1st, 2013, they should not hesitate to contact us for a free case evaluation.

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