I had a mortgage with Chase, I had a loan modification for almost 2yrs payments on time due to I was on automatic deduction from m

This is a tricky situation and more info is needed. Were your automatic deductions going to Chase or Ocwen? Did you get a letter from Ocwen when they purchased your loan and did you change your automatic payments at that time? Typically if you were continuing to pay Chase you should have received a notice from them that they no longer hold the loan. You are right - when the loan is transferred from Chase to Ocwen they cannot change the terms of the loan. They can only foreclose for non-payment and they cannot send you a letter saying you are in foreclosure (against the law) if you have made your payments on time. The issue might be that your payments are still going to Chase OR Ocwen is not applying your payments correctly. You need to call Ocwen and find out what is going on. Have your loan # with Ocwen and the proof of your payments to them. This might be frustrating but you need to stay at it. Talk to a supervisor not the customer service rep who answers the phone. You need to get to the bottom of the foreclosure issue. You will not be able to refinance until that happens. If there is a pre-foreclosure on your credit report you will not be able to refinance. If you have been trying to refinance since June 24th something is wrong and it may have to do with the above problem. What company are you trying to refinance with? If the company you are trying to refi with has pulled your credit they can tell you whether you have a pre-foreclosure on the report. Yes they should be able to send you an approval without an appraisal if your credit and other factors meet the loan guidelines. The final approval will need an appraisal. You should put your city and state in the information. A Lender 411 mortgage professional in your area might be able to help you. Good luck.

You need to call Ocwen and make your July payment right away. If you are 30 days late on this payment it will destroy your chances in the refinance. If you don't pay - no matter the reason, you will get a 30 day late on your credit report and there is no way to get it off. You will have to wait 12 months to refinance. After you have done that then ask them and find out why you are getting the foreclosure letter. It is probably some type of screw up in their system - and yes - they have a reputation for bad customer service and screw ups. Read the letter carefully. It is probably a form letter and maybe they are saying you are late with your payment and if you don't pay they can foreclose. I don't believe it is a scare tactic but an aggressive way to get your payment that is now late - but not 30 days late. Typically you don't get a foreclosure letter until you are 90 to 120 days late. Make your payment and then find out why you are getting this letter. Call Ocwen.

You need to call Ocwen. Have you made any payments to Ocwen Yet?

MAKE Your payment to Ocwen and call both of them and DOCUMENT your conversations to get clarification on what they are doing. remember to Fully document person, date, time, conversation, etc.

There are a lot of important pieces missing here. I'd like to be able to guide you what steps you should take. Call me at 888-889-9950. I'm in Arizona.~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950