Dear OCWEN Loan Servicing,
My name is Genet Beyene and when I first moved to South Minneapolis in 1997 as a single mother with my son, I was afraid. But over the years, I saw how people in South care about the quality of their neighborhood and support one another. I grew to love this area, and in 2000, I put a downpayment on the perfect home where I could raise my son. He was 4 years old when I bought this house. We laugh about how he used to scare me when he climbed high into the tree in the front yard; he loves it here, this house holds all of his memories.
When my mother became ill, I transferred from working as a nurses aid for Hennepin County Medical Center to care for her full-time as a PCA. Now, she also calls my house home. Our neighbors know us well. But last May, Ocwen Loan Servicing claimed I sent incorrect paperwork regarding my mortgage. Although I have never missed a payment, I now fight for my right to stay in my home. I will not leave.
As so many others have experienced, I have seen my mortgage pass through many hands, from Fairmont Mortgage to Litton Mortgage to Ocwen Loan Servicing. My payments have gone from $835 a month, to over $1850! Despite all the confusion, all the paperwork, all the promises to reduce payments, I have always paid on-time. Even while working 16 hour days at the Medical Center, to then have my hours cut in 2008. Even through 2009 when my mother suffered a stroke and my son was hit by a car.
I was so thankful when Litton reduced my monthly payment during this year of hardship. The full-time pay I receive as a Personal Care Assistant for my mother covers my payments, although my dedication to her health doesn't allow for a second job, so there's very little extra. Because I care for her as family, the job never really ends. So when Litton didn't accept my payment in March 2012 and claimed a forbearance penalty saying I hadn't sent in the proper paperwork, you can imagine my heartbreak. They foreclosed only 2 months later, on May 27th, 2012 and sold my mortgage to Ocwen Loan Servicing in July.
In total, I have already paid $188,444 since I bought this home in 1997. Now Ocwen Loan Servicing is demanding I pay them $270,000 just to stay in my home. That’s not fair. In the realty world it’s called “predatory lending”, but I call it robbery. I have worked all my life. I deserve to stay in my home.
Ocwen Loan Servicing needs to give me a fair re-negotiation of my mortgage at my home's current market value. I want Ocwen Loan Servicing to re-write my mortgage to reflect the current market value of my home, to eliminate the penalties they've tacked on to profit off my home, and I refuse to leave until I receive this good faith negotiation.
I ask my neighbors for their support, to keep this community strong. I will not leave, my mother and my son will not leave, and I will stay in my home as the same member of this community that I have been for the past 12 years. Housing is a human right and I am reaching out to others in a similar situation in the Central Community. Stand with me.