Apparently the hearing to settle the suit was supposed to occur 2 weeks ago and you are probably wanting to know how soon are you going to be paid?
While there is no forthcoming information about the class action lawsuit settlement on the settlement site's official website there has been an informal posting from someone online that says:
"I spoke with the atty's that are representing everyone in the class action lawsuit on Friday. They are just wanting on the judges ruling. Once that happens, they believe the checks will be issued to everyone that became part of the lawsuit. He said if I didn't hear from them within two (2) weeks, to call again. So progress has been made."
Hopefully this will bring some very good news to those who were involved with this lawsuit.
Update - December 27, 2011
Well here is some more recent news - a client of mine expecting $1300plus got a check for $52!
Update
Here is some information that I have found online so far about the latest news on the Ocwen Settlement Class Action Suit:Written by LJ on June 15, 2011
I've heard back, the Judge is still going over the case, there is no time limit for this to be done so no ruling has been made as of yet.
Written by LJ on June 14, 2011 - I attempted to also call the lawyers today and was sent to voicemail saying it could take days to hear back from high call volumes. They are asking people not to call attorney's but where the *** are we suppose to find out anything? There is nothing on the net about it.
So far this is the most current news that I have found.
June 9, 2011 Update!
I have been looking around for more information about the Ocwen Class Action MDL settlement and here is what I have found so far:
When is refund for ocwen settlement mdl .com?
As far as I know the attornies were waiting for the final court ruling. My best guess is within the next 2 weeks.
and this was posted 5 days ago.
source
AOL Answers
AOL Answers
So far that is about the only recent information that I have found. I will try to find more information and post it here.
39 comments:
HAS ANYONE HEARD WHAT IS HAPPENING WITH THIS LAWSUIT ANY NEW NEWS PLEASE POST
Well I have been searching online today and still couldn't find any current information about it.
I also belong to Twitter where I'm monitering the latest comments / tweets concerning Ocwen and would you believe that there is still no current news about it other than the fact that the judge is still deciding. I don't understand why this taking so long myself!
I even went to the settlement site's website and they don't even have any updated information. They list the court date as May 16th and now it is over a month later and there is no updated news on their site!
When I find some more current news I will post it here.
THANK YOU FOR THE INFO I ALSO DONT KNOW WHATS TAKING SO LONG IF I FIND ANYTHING OUT I ALSO WILL POST
Just another line of BS from anything to do with Ocwen. If I had a court hearing on somthing on May 16th,,,, you bet your ass I would have been required to comply before 6 week or more,,, Whatever is going on will more than likely result in more delays and more BS... Our mortgage was sold to this company and I can't believe they are allowed to perform business in this manner in the USA.
Wow,,, more BS regarding Ocwen... if I had a hearing on May 16th for anything .... you think anyone would still be talking about it on June 29th?? May be complex... but still previous blogs show preliminary was on Jan 10, 2011.
Anything that has to do with Ocwen is BS.... bet they never pay one dime to anyone... they'll pay millions in legal fees to prevent paying one red cent to a consumer... believe me you,,, dealing with Ocwen is just like dealing with Satin!!
Thank you Linda for your comment. I also agree because I don't know why it is taking so long! They haven't even updated the website that is suppose to have the information on it. Not even any new news on Twitter. So if I do find anything new I will post it as well.
Still waiting tick tock..It REALLY would have been nice to atleast give my kids a summer vacation after losing our home..You can bet your butt that all the money we were gonna get go's to attorney fee's, court costs, etc, etc, now..I dont think any of us will ever see one dime honestly!!
POSTED BY LJ !!
This is the latest from the website.
UPDATE (July 6, 2011): The final approval hearing was held on May 16, 2011. The Hon. Judge Norgle issued an order granting final approval of the settlement on July 1, 2011. The order becomes final in 30 days if there are no appeals. Class members could begin receiving payouts late this year. Please continue to visit this website for further updates.
Unfortunately this is all the latest information that we have. If there were no appeals then this thing should have been final by Aug 1st and here it is now the middle of September!!! What is going on???? We need to know!!
I DID NOT HEAR ANY THING MORE ON THIS LAWSUIT BUT I CAN TELL U THIS IF U THINK THAT THERES MONEY COMING U ARE SO WRONG THE ATTORNYS ARE THE ONLY ONES THAT MAKE OUT !!!LOOK THEY JUST TOOK OVER MORE LOANS!OUR GOVERMENT KNOW AND JUST PROTECTS THE BANKS AND THE LAWYERS YEARS AGO THERE WAS A CLASSACTION WITH THESE LAYWERS THEY WON TO IN SETTLEMENTS BUT THE SAME LAWYERS WORKed FOR OCWEN. PLEASE LISTEN TO THIS I DO WANT TO LET U KNOW to WATCH YOUR ACCOUNTs ALL YOUR ACCOUNTS SOMEONE AT OCWEN WAS TRYING TO OPEN A NEW ACCOUNT IN MY NAME!!!!!!!!!!!THE PEOPLE AT THIS COMPANY HAS UR INFO ALREADY,i have fraud protection on my credit report thats how i find out that this was happening.beware !!!
Really at this point I am just hoping for the best! I have a client who really wants to know what is going on with this and I just don't have any new news to tell them.
Has anyone heard anything yet? Stil waiting.
As of today I still haven't heard any thing new! When I call them on the phone, the recorded message just says that "payouts" could be received later this year - we're in November now!
When I actually talk to a live person by phone they have told me that they haven't received any new news either. I also can't find any new news on the Internet either?????????
So when I find out anything new I will post it here.
I just checked out their official website and you know what? The thing hasn't been updated since July of this year! That is ridiculous! Someone mentioned before that someone is being paid to administer this site and it hasn't been updated in 4 months!!!!!
I'm just wondering if there is a phone number to find out if there will be any money coming or not. The phone number on the Ocwen MDL settlement website is only a recording and I cannot find anything other way to contact a person about this.
There is a phone # but I don't have it on me now - maybe someone else here will be able to provide it. But I have to tell you that the last time I called them they only knew as much as the official website's posted information.
Thought that I would check their official website again today (November 16th) and they still haven't updated the site since July of this year!!!!! What gives??????
I got an email today saying that checks will be disbursed in early december they did not know the amount though.
I got an email from the law firm yesterday saying the checks will be disbursed early/mid December
Well that is the most promising news that I have heard so far! I'm sure that many people are grateful that you posted news about this. I do so hope that it is true
Thank you for posting this
Hello everyone. I'm sure at this point people are wondering what's going on. Has anyone heard anything? I have been checking the website often and no new updates. I haven't received anything in the mail either. What about you guys?
I was wondering how much is each person in tht is ocwen settlement going to recieve?
Well it's really hard to say and it gets a bit complicated but I think the most that one person can get is $1000 plus there is a loophole where if there are too many people who are eligible to receive it then the money can't get disbursed evenly (because there wouldn't be enough to go around) so the money would be given to charity.
I was told by the law firm that I would have the $1000 in late fee relief credited to my acct in a week or so. The firm also told me I could apply for a $10 payment from another fund which I will decline to do.
I've been getting the run around from Ocwen all year, and it is my understanding from all that is known that they are one of the worst in theindustry to have any care of or about a client....
The only thing left to do is to let your U.S. congressmen and senators know ,asking themto call for a afederal investigation of Ocwen!!! rev
Rose, since it is past early December and is now mid December and no check arrived, do you have any information that this date has changed again?
And here we all sit past mid December..No checks and no answers from Ocwen..Growing their interest off our money..
I got my 10 dollar statutory settlement check today. The law firm Lieff Calbraser told me on 12/22 that a electronic transfer of 1000 dollars should be credited to my account mon or tues next week
i got a check for $52.07 today - "in full satisfaction of claim"
So - here's the VERY BAD NEWS. I got a check today (12/24/2011. I should have been a full participant - for 2 of the 3 categories. My check was for $52.07. I thought it was going to be for $350+?
Such a load of baloney.
Hope this doesn't ruin anyone's holiday...
A
got a check today for $10.49, I am sending it right back with refuse to accept on it !
I was also to receive 2 checks one for $350 and the other for $1000. What did I get? A check for $52.07! Needless to say I was quite pissed! What happened to the amount that I really was supposed to get??????
I called the phone number that lets you talk to a REAL person. They said that if the checks weren't received by mid-January then you should call them back.
They are at it again. They are giving me the run around about my MOD. I have done everything they have asked and they are still going to auction my house. I have got in touch with city council members, lawyers, government officials. Still to this very minute they are giving me several different stories. CAN ANYONE HELP!!I have a twelve year old daughter and they are trying to put us on the street tomorrow. What can I do!!!!
What is the # or email address to get whilst of somebody...all I get is the automated line??
I was supposed to get a settlement check for $500. My check was for $42.39. It is made out to me and my deceased wife. Not sure if I can even cash it.
I really don't think that it would be a good idea for me to post the number where you would be able to talk to someone in person - I don't think that they want that number known
We have been wondering about the payout. It should have been here. .the attorneys gets their share out of that nine million 1st. But we did get the 1st cut for 350 a year ago. Hold on it will come.
Ocwen worst company I ever did business with, forced me to loose my home I owened for over 20 years. I never received information on settlement. They forced me to change documents date, I crosses off original date,put new date above and initialed. Sent back again and said needed to redo everything. This is after they had lost paperwork for 4th time. They did not meet their deadline and put it on me. Why was I not notified of any settlement. Please do not be shy contact me.
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