FINALLY! There is some new news!

Found this new information online:

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.

This information came courtesy of "pissed-off consumer" and this information also appear's on the settlement's official website.

Suffice it to say that I am kind of PO'ed myself! Why a decision should take so long is beyond words! Now that the judge has made his final decision there is still another 30 days to go before the decision is final (bar-ing any appeals.

Now they tell us that we might get paid late this year????? How late will that be!

Ocwen Class Action Settlement Suit

If you are one of the people who are involved with the Ocwen Class Action Settlement Suit then here is some news for you.

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.

source

Pissed Consumer

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

So far that is about the only recent information that I have found. I will try to find more information and post it here.

Excerpt From A Lawyer's Article.....

In New Jersey, an owner of property being foreclosed is allowed two automatic postponements of a Sheriff's Sale.

Will The New Stimulus Bill Help?

I just got finished listening to news reports explaining what this new stimulus package is supposed to do to help homeowners. It looks to me that this new bill is going to help the banks more than it is going to help the people - especially the people who are now losing their homes to foreclosure.

I just can't understand why the President of the United States just can't put a moratorium on home foreclosures for say at least 5 years! Hilary Clinton, when she was a Senator, was able to do this so why can't Barack Obama be able to do the same thing on a larger scale? How much more relaxed and stress-free would it make people feel if the constant worry of losing their home was abated for a few years? Surely this could do nothing but help!

Clearly the banks are getting a lot of money and so is the auto industry!

I also took a look at the income tax booklet for this year and it just seems more complicated than ever!

Even Some Of The "Rich" People Are Facing Foreclosure!

Ed McMahon Faces Foreclosure on Home!

Even the so-called "rich" people are facing foreclosure on their homes!

Now comes the news that "legendary pitchman" Ed McMahon is facing foreclosure on his multi-million dollar home! Just like other people who are facing foreclosure, Mr. McMahon has fallen behind on his mortgage payments and a notice of default has been filed. Because of his illness and injury he has been unable to work for some time now.

He is currently trying to re-negotiate with his mortgage lender so that the foreclosure issue can be solved.

His home has been on the market and is currently listed as being for sale. His home has been listed for sale for two years now.

source
AOL News

Mortgage Company Executive Commits Suicide

Here is a link to a news article about a mortgage company executive who recently committed suicide! Although authorities haven't come right out and said that the man's suicide had anything to do with his mortgage company going bankrupt the case is still new enough not to rule out that possibility.

The current state of the whole foreclosure market is terrible!

Although it's probably a boon time for those that are investing in foreclosed properties, it is certainly not a good time for those that are facing losing their homes to foreclosure.

There has been a lot of talk about there being a 90-day moratorium on foreclosures but so far that is only being talked about. It is not a part of the law yet!