OCWEN, a sub-prime servicer, is not currently accepting short sales. So if you are an agent or homeowner trying to Short Sale, or sell a home for less than is owed on the mortgage AND the loan(s) are serviced by OCWEN, you might need to find another solution.

Check back for an update, because the “word” is that OCWEN might change that policy. Maybe they were just under-staffed and unable to handle all the requests of short sales.

Feel free to contact me with your Short Sale questions.

with blessings,
Claudia

This entry was posted on Wednesday, April 30th, 2008 at 7:09 pm and is filed under Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.