Ocwen Announces Shared Appreciation Modification Program - Episode 87

Episode 87 - Ocwen Loan Servicing company announced that they have expanded their Shared Appreciation Modification (SAM) program to 33 states after some trial runs. This program may reduce your Ocwen serviced loan principal to 95% of market value over a 3 year period. The investor(s) on the loan would retain a 25% interest in any future appreciation/profit when and if the home is sold or refinanced. Very interesting program. Perhaps some of you in Santa Clarita can benefit from it in the event Ocwen services your loan and you're upside down on the mortgage? Give Ocwen a call to find out!? If you want a copy of the Ocwen press release that we learned this information from, we will post it for your review at our blog: http://www.SantaClaritaRealEstateForum.com. For all of your Santa Clarita real estate needs, contact us here at The Robert and Brian Team, 661-964-1760.

Category:

People & Blogs

Tags:

• Ocwen
• Mortgage
• SAM
• Loan
• Servicing
• Principal
• Reduction

[jkennedylv]

This program is now being offered to Ocwen serviced loans in Nevada. I would use a Loan Modification law firm to communicate with them though. It's well worth it! If you need contacts to help you get this done, let me know and I'll send them