In the event that he made the 3 money promptly, the business would provide your a long-term mortgage loan modification package
If the he accepted the latest recommended TPP, Riad could be needed to create three repayments out of $step 1, birth July step 1. Riad signed the TPP towards elizabeth big date.
Since he know he may afford to make money named for in the TPP and because the brand new arrangement try designed to avoid Ocwen out of foreclosing on the their home, Riad greeting his personal bankruptcy petition becoming overlooked. At all, his primary reason to possess filing were to cut his house from foreclosure-a risk he purportedly no further encountered.
Now our company is suing Ocwen/PHH inside Government Legal to make them buy new psychological and you will real stress the sordid decisions triggered, to have ruining Riad’s credit, and for violating one another RESPA and you will Reasonable Commercial collection agency Strategies Act (FDCPA)
On Summer 24, Riad, as required because of the TPP, produced the latest July fee regarding $step one,. More