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Ocwen

United States, California

Consumer reviews about Ocwen

jaywr
Feb 26, 2014

Ocwen

310-410-0056
United States, California

SAM Mortgage

I received a SAM modification loan from OCWEN January 2012. 100% of the deferred principal is eligible for forgiveness in equal installments over 3 yrs as long as I make my payments on time. I have always made my payments on time. I just received a IRS form 1099C for debt cancellation for $53,707.79. OCWEN did not take a lost on my property. They are sharing the equity in my property. Why do I have to claim the above mentioned amount on my income tax, if the deferred principal is eligible for forgiveness?

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