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#253109 - 10/03/08 07:42 AM Ocwen payments late is it just me???
CALL TODAY SMILE TOMORROW Offline
Member

Registered: 06/08/06
Posts: 496
Loc: DETROIT
We talked about this a couple days ago, (couldn't find the post)I'm 30 days out on reimbursements with them usually they are like clockwork with payments, Two weeks and the money is in the bank.I think I will try and call today.
_________________________
NOT JUST A JOB IT'S A LIFESTYLE
JEFFREY SACK
RITZ REALTY
www.ritzrealtydetroit.com
OFFICE (248) 440-5226 ext 25
Fax (248) 440-5227

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#253118 - 10/03/08 08:29 AM Re: Ocwen payments late is it just me??? [Re: CALL TODAY SMILE TOMORROW]
TopTeam Offline
Member

Registered: 10/08/04
Posts: 16
Loc: IL
The same here. I did call earlier this week and was told they were upgrading their computer systems and to be patient. Reimbursements would be going out in about 2 weeks!

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#253124 - 10/03/08 08:53 AM Re: Ocwen payments late is it just me??? [Re: TopTeam]
amplet Offline
Veteran Member

Registered: 08/10/05
Posts: 834
Loc: MN
Wow, I just logged in to ask the same question, and here it is. 30 days out here. I hope they are not "next", they owe me a lot of money. WaMu already has me scared to death. I keep asking myself, why am I loaning banks money?

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#253129 - 10/03/08 09:35 AM Re: Ocwen payments late is it just me??? [Re: amplet]
Chi-town Offline
Member

Registered: 06/29/07
Posts: 195
Loc: Chicago
I was wondering the same thing. What ever happened to their 4 day turn-around plan which lasted for about a week?

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#253132 - 10/03/08 10:08 AM Re: Ocwen payments late is it just me??? [Re: Chi-town]
vegasrealtor Offline
Member

Registered: 03/13/07
Posts: 57
Loc: Las Vegas
I was just going to ask the same question. I was waiting on a CFK check, my AM said there was a delay in issuing checks, it came in a couple of days ago...so hopefully the reimbursements will follow.

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#253137 - 10/03/08 10:28 AM Re: Ocwen payments late is it just me??? [Re: vegasrealtor]
Clientless Offline
Member

Registered: 11/06/06
Posts: 152
Loc: Midwest
Same thing here. I have been emailing for two weeks. Asset managers do not seem to want to forward requests to account payable for follow up like they have in the past. Very, very worried. I have a large amount outstanding with them.
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No legal advice. Seek an attorney. This advice worthless than what you paid for it.

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#253152 - 10/03/08 12:16 PM Re: Ocwen payments late is it just me??? [Re: Clientless]
Maf4800 Offline
Member

Registered: 04/25/05
Posts: 37
Loc: MO
Ocwen is over 30 days on our reimbursments as well and now no one will respond to any emails. We are seriously considering if we can afford to continue to maintain their properties.

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#253196 - 10/03/08 05:49 PM Re: Ocwen payments late is it just me??? [Re: Maf4800]
CALL TODAY SMILE TOMORROW Offline
Member

Registered: 06/08/06
Posts: 496
Loc: DETROIT
Part of me feels better that I'm not alone, the other part of me is wondering if they are the next ..........I to have a lot $$$$ out there with them. Please if anyone receives payment from them update us
_________________________
NOT JUST A JOB IT'S A LIFESTYLE
JEFFREY SACK
RITZ REALTY
www.ritzrealtydetroit.com
OFFICE (248) 440-5226 ext 25
Fax (248) 440-5227

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#253200 - 10/03/08 05:58 PM Re: Ocwen payments late is it just me??? [Re: CALL TODAY SMILE TOMORROW]
Alabama Offline
Member

Registered: 12/25/07
Posts: 129
Loc: Alabama
One of the asset managers told me the clean up after VA is taking up the accounts receivables time. I don't know but they have not finished paying me on my VA either,
_________________________
He that sows thorns, should not go barefoot

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#253217 - 10/03/08 08:37 PM Re: Ocwen payments late is it just me??? [Re: Alabama]
status Offline
Member

Registered: 09/04/07
Posts: 45
Loc: Central FL
I've been debating turning off the electricity and water, and cutting the lawn maintenance back to once a month until I have confidence that all is well at Ocwen. The economy is already taking its toll and I certainly can't afford to lose these reimbursements.

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#253219 - 10/03/08 08:47 PM Re: Ocwen payments late is it just me??? [Re: status]
NYONE Offline
Veteran Member

Registered: 07/10/05
Posts: 575
Loc: NY
I was told 2 days ago they are backed up as I have homes that closed and still not reimbursed for those expenses.
_________________________
Licensed Realtor and Appraiser

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#253248 - 10/04/08 04:15 AM Re: Ocwen payments late is it just me??? [Re: NYONE]
BPO Drone Offline
Member

Registered: 02/13/08
Posts: 76
Loc: USA
I have been starting to worry as the reimbursements they owe me are adding up, and as others have said things were going pretty smoothly.

I have been checking my email every evening hoping for a big wire.

It is kinda funny to be happy and relieved to get paid money that was yours to start with.

It feels like payday except it only brings you back to zero....wait... minus the up to $25 Realtrans fee per invoice submission.

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#253423 - 10/05/08 09:33 PM Re: Ocwen payments late is it just me??? [Re: BPO Drone]
Amy@reosantacruz Offline
Junior Member

Registered: 10/05/08
Posts: 2
Loc: ca
I am having the same problem. Ocwen owes me 2000.00. I have also had 6 asset managers on the same REO. Something is going on there. Where are all these asset managers going and why have I been through six of them? Everytime I get a new one I have to start over again with bids and photos. Once I send them in they send me a new asset manager, then I have to do it again. One asset manager emailed me and said he was leaving, but to beware we all have stones coming our way. What does that mean?

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#253428 - 10/05/08 09:49 PM Re: Ocwen payments late is it just me??? [Re: Amy@reosantacruz]
SaraM Offline
Member

Registered: 11/07/07
Posts: 251
Loc: California
Are you saying that the AM said beware stones are coming our way? Their reimbursements have slowed down. But, the CFK checks have made it on time.

I know they were doing some maintenance on their system for a while there that delayed emails and work orders. That was freaking me out.

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#253511 - 10/06/08 12:29 PM Re: Ocwen payments late is it just me??? [Re: SaraM]
status Offline
Member

Registered: 09/04/07
Posts: 45
Loc: Central FL
I didn't get any checks toward the thousands they owe me but I did get a rejection on one of my invoices. At least now I know there is someone actually working in the accounting department! This is really getting a little scary.

Why havent they sent out a statement asking for our patience? Something that would be a little reassuring.


Edited by status (10/06/08 12:30 PM)

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