Consumer complaint received 2019-01-17
Company: Ocwen Financial Corporation
State: MD
Product: Debt collection
Sub-product: Mortgage debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Threatened or suggested your credit would be damaged

Complaint:
XXXX XXXX XXXX Statement XX/XX/XXXX I believe I Im a victim of predatory lending. To explain my situation, I will explain from the begging. In XX/XX/XXXX I  join the military. While on XXXX XXXX my wife had a power or attorney on my behalf. Regrettable she was inexperience with such responsibility. When she inquired about getting a home in XXXX, I was making Approximately {$1100.00} every 2 weeks and {$1400.00} every month in basic housing. The lender sold her an idea that we could cover the cost to of such property at {$220000.00} PLUS a home owners association fees approximately {$250.00}. Somehow my other military incentives pay such as separation and specialty pay. These incentives were temporary and should not have factored in as income. Under this circumstance we should not have qualified for such property. I found that out the hard way after factoring the course after the fact. I attempted to rent the property however after 3 month the renter refuse to pay and cause some damage to the property. So, I have to terminate the rental immediately. I reached out to XXXX  so we could refinance and was denied. After exhausting all options even when I enquired of the Soldier Sailor Act which was privileged to me as a member of the XXXX XXXX on XXXX XXXX I was illegally turned down. After consulting to my XXXX he recommended I requested a finial hardship to be discharged from the military in order to look for a different line of work to be able to financial support my family. I would like you to know from the first statement up to XX/XX/XXXX I paid the mortgage some time a few days late, but I paid. In XX/XX/XXXX I was release from the military on Financial Hardship. I began working for XXXX XXXX   which is a XXXX Company. However, I have been trying to find many was to bring down the cost of owning the property. Late XX/XX/XXXX I began inquiring to the bank of my options. I was making a little more money, however, I was borderline pay check to paycheck. Around the time President Barack Obama past a bill to bail out the banks and asist the banks I made contact to the bank. The bank agreed to the loan modification, however after follow up to commence the process the bank denied ever received paperwork for modification. And ask to resubmit the documentation. However, at that time the bank denied the request. I reached out for short sale the property but the sale of the property price the bank denied. The first sale the bank denied because was below price. However, the bank asserted an amount that they would settle for the property. A second attempt for the sale with that amount was denied. A third amount was made significantly higher amount, the bank denied. I voluntarily asked the bank to release interest and ownership by leaving the property they asked me to sign a liability statement online stating that I will not destroy the property and don't removed or take any of the copper or utilities in the property. I left the property on XX/XX/XXXX. I notified XXXX-XXXX  tax office that the property is now no longer in my possession. XXXX XXXX   agreed to take possession of the property at XXXX XXXX XXXX Fl XXXX In XX/XX/XXXX. It appear the bank did not pay the property Association fees and any taxes Associated with the property. I have never owed XXXX XXXX  on any unpaid taxes. The taxes were never escrowed and paid by me toward the end of every year. After the agreement to relinquish the property it appeared the bank still put the property in foreclosure. Obvious reporting me as delinquent to the 3 credit bureaus. In XX/XX/XXXX I reenlisted in the military and I credit came into questions. The property was still showing on my credit report. However, I was pending a removal status on my report. I have furnished the current report as of XX/XX/XXXX as proof that this debt is no longer on my Credit Report. I would like to add that due to my current position with the government I have been granted a Top Secret Clearance and my finances are constantly monitored. If I should make liable for this property, I have not had any interest ( personal gain ) since XX/XX/XXXX. I would lose my current position and would be in this same predicament. I have only tried to do the right thing and being cheated by a bank with such negative reputation as XXXX. My lawyer is asking me to sign paper work for cash for keys and accept {$2000.00} for a property I dont ' currently own and had no interest in. Note XXXX XXXX agreed that me leaving the property back in XX/XX/XXXX would not make me liable. Its been 11 years that this property was in possession of another party I should not be responsible and no actions should be taken against me to repay this dept.

Company response to consumer: Closed with explanation