Friday 28 February 2014

Ocwen playing mind games?

I couldn't help but notice Ocwen's hopelessly poor attempt at mind games via the article titled "A House With a Modified Loan Is a Symbol of Servicers’ Tug of War With Investors", yesterday, on the New York Times website. Ocwen, through its PR firm, Sommerfield Communications, attempted to convey to the reporter an image of Ocwen as a loan servicer who are desperately trying to help homeowners keep their home but are under pressure from investors to foreclose. Nothing could be further from the truth!

Let's begin with Ocwen's claim that they do a very good job of helping homeowners. Let's do our own research to see if that is true. According to the data made available by the Departments of Treasury and Housing and Urban Development, Ocwen approved 23% of the modifications they processed under HAMP since the program's inception. Compare this with Bank of America's 44%, CitiMortgage's 43% and Wells Fargo's 35%. When you see this you realize why regulators, borrowers, investors and foreclosure prevention activists are worried when a large loan servicing portfolio moves from a Wells Fargo to an Ocwen.

To put it very simply - Ocwen and Altisource's common shareholders like William Erbey stand to gain from Altisource's growth. The more the properties foreclosed by Ocwen, the more the properties they can sell on HUBZU.com and earn real estate listing commissions, Buyer's Premium, Web Technology Fee, Escrow and Title Fees, Property Preservation Fee, Closing Coordination Fees and more!

Investors have very little information about Ocwen and Altisource's dealings and must rely on information supplied by Ocwen. Investors naturally would like to avoid foreclosures because Altisource sell foreclosed properties at very low prices through their website HUBZU.com. The only beneficiary from foreclosure are Altisource, its subsidiaries and certain firms who regularly buy properties through Altisource with the intention of selling them.

Concerns have been raised that due to the fact that Altisource sell properties on HUBZU through their own listing agency, Real Home Services and Solutions, they fetch lower values compared to properties sold by local real estate agents. RHSS agents are located miles away from the properties they sell and are unable to provide much information to homebuyers about the condition of the property. It has been claimed that their inability to turn on utilities, in many cases, makes it impossible for buyers to obtain loan approvals to buy the homes.  It has been claimed that the Buyer's Premium charged by HUBZU forces many potential buyers to look elsewhere. Some homebuyers have claimed that their lender did not allow Buyer's Premium on the HUD forcing them to back out. It has been reported that some lenders refused to finance homes if the title company were Premium Title (an Altisource unit). Many homebuyers have complained that Altisource take too long to fix title issues and that the slow functioning of Premium Title leads to loan lock expirations and additional costs to the buyer, which at times are credited back to the buyer leading to lower net to the investor.

Ocwen, according to their Purchase and Sale Agreement, pay for the title insurance and related search fees should the buyer agree to use Premium Title as escrow and title company. This is a direct conflict of interest between the investors and Altisource. Investors see lower net due to the title insurance fees being slapped on them, while Altisource benefit from the same. Were Ocwen not acting in a manner that helps Altisource profit, they would provide the same terms to all title companies. Ocwen also pay out Property Preservation Fees and Closing Coordination fees to Altisource units on behalf of the investors.

Altisource also coordinate foreclosures, evictions and cash for relocation program on behalf of Ocwen. They carry out foreclosures in states like California through their subsidiary Western Progressive. Altisource employees execute Purchase and Sales Agreements and HUDs on behalf of Ocwen and its investors. Altisource make the all-important decisions that impact Ocwen and its investors. From accepting or rejecting offers to determining if repairs are to be carried out to approving HOA, utility and other payments, they pretty much determine the investor's net. Altisource also own Springhouse AMC, a company that provides property appraisal reports.

I don't see how the investors benefit from foreclosure. The only one winner is Altisource and in turn its shareholders like William Erbey, who also happens to be an Ocwen shareholder. What a coincidence!

Investors are naturally hurt and probably feel that they did not get a fair deal. I sympathize with them. It is my belief that Ocwen-Altisource are driven by greed. Those who are driven by greed are never fair to others. They deprive investors of the returns they deserve. They deprive real estate agents of the commissions they deserve. They deprive borrowers of the home they deserve and homebuyers of the service they deserve. What about employees? One employee termed his work experience with Altisource "an epic swindle".

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports various charitable causes and crowdfunding.)

Thursday 27 February 2014

Designing your campaign to win justice for Ocwen-Altisource victims

Many have been hurt by Ocwen and Altisource. People who have lost their homes - families, single moms, children, senior citizens. Realtors have been hurt. Vendors, buyers, employees.... the list goes on. Those who are blinded by greed deny others what is rightfully theirs. If more money can be made by paying employees poorly, then why not? If more money can be made by squeezing something out of a poor realtor's commission, why not? That is how they think - those who are driven by greed. They snatch from others what does not belong to them - homes, ideas, intellectual wealth, customers... This is theft. This is a crime. It promotes social inequality. Victims experience sorrow and despair and many loose their faith in natural justice.

The victims of Ocwen-Altisource have thus far obtained little success. Most have given up. Some think they are too small to make a difference. Some think that no one will help them. Some just have to give up because it isn't financially feasible to fight Ocwen-Altisource.

Must we then give up? Should we not help our sisters who are on the verge of being forced out of their homes? Those very realtor friends who stood by us, recommended us, helped us in many ways now face a future of uncertainty as Altisource craft strategies to snatch their inventory. Move over Mrs. Hudson, Sherlock Holmes will now live in an Altisource rental home! Perhaps plans are in place to remake "The Apartment", with Baxter now living in an Altisource rental home! They have money, staff, attorneys, PR firms... what do we have?

We have the five powers. Faith, energy, mindfulness, concentration and understanding. Using these we can help others and ourselves.

Are you too small to make a difference? "If you think you are too small to make difference, try sleeping with a mosquito." A small mosquito can cause a lot of trouble, even malaria. Have faith in your abilities.

When contacting regulatory authorities, attorney generals, congressmen etc. you will need to keep in mind that they are not Realtors or employees of Altisource. You may need to simplify Ocwen-Altisource's complex business structure and explain how it is designed to promote foreclosures. And you will have to do this repeatedly. Does your congressman know much about OMAT 1 REO Holdings or Blue Valley Apartments or HLSS or NewSource? Possibly not. Ocwen-Altisource have designed a business structure that can confuse even very experienced analysts. Government officials are busy people who may not know much about loan servicing and Ocwen and Altisource.

You may use information available here:
http://themisplacedphilosopher.blogspot.in/2014/02/how-ocwen-altisource-are-hurting.html

And here:
http://themisplacedphilosopher.blogspot.in/2014/02/you-may-take-your-ocwen-complaints-to.html

We will need to create awareness about Ocwen-Altisource among lawmakers, regulators, media-men and people in general. If you wish to help, spend 30 minutes in a day writing to people who matter in your state or to people at CFPB or DFS or media-men explaining how you have been hurt by Ocwen-Altisource's predatory practices. Explain how this will hurt your community. You will need energy. It comes from faith.

In India, if you submit rent receipts and proof showing investment in certain types of financial instruments, you can save on the amount of tax you are required to pay. I have never done that believing that the more tax we pay, the more we strengthen our nation. My friends at Altisource group of companies remind me that they are headquartered in Luxembourg and US Virgin Islands so they can save on taxes! They certainly don't think like me.

Please do spend some time to help heal the wounds people have suffered at the hands of Ocwen-Altisource and help prevent others from experiencing the same fate. If we are mindful, we can make a lot of difference. Concentration will develop. With concentration, understanding will develop. Looking deeply we will know all there is to know. To be free. To be happy and to make others happy.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports various charitable causes and crowdfunding.)

Wednesday 26 February 2014

Tuesday 25 February 2014

How Ocwen-Altisource are hurting homeowners

Altisource spun off two companies - Altisource Asset Management Company and Altisource Residential in December, 2012. Altisource Asset Management Company (AAMC) acquires nonperforming residential loans for Altisource Residential, who intend to renovate and rent out as many properties they can acquire from the acquired loan portfolios. In turn, Altisource Residential pay management fees to AAMC.

The borrowers may want a loan modification or a short sale but that is not what will benefit Altisource Residential most. Altisource also do not have the financial strength of a Wells Fargo or a Bank of America to hold on to delinquent loans for long. Most borrowers won't qualify for FHA refinance due to high debt ratios or lack of sufficient income. Altisource Residential's motivation to acquire properties does not allow room for short sales. What benefits Altisource most is foreclosure.

Investors, like Altisource, buying NPLs to increase their rental portfolios is a cause for alarm because they stand to profit by pushing people out of their homes, said Kevin Stein, associate director of the California Reinvestment Coalition, a San Francisco-based tenant and consumer advocacy group.

“They should be modifying those loans to keep the homeowner in there, but it runs counter to their business model,” Stein said. “They shouldn’t be in the business of buying distressed loans for the purpose of foreclosing on people.”

Acquiring a delinquent loan is cheaper than directly buying the underlying security (property). Let me give you an example. Let's say there is borrower who owes Bank of America $100,000 on an FHA backed loan with a property worth $80,000 as the underlying asset. Bank of America file a claim with FHA when the borrower defaults. They stand to lose nothing as the loan is insured by FHA. Companies like Altisource acquire such loans in an FHA auction for amounts much lower than the property value. They can, however, turn this price difference into an advantage only if they can acquire the property. This typically happens through foreclosure.

Those properties which cannot be rented out will be sold through Altisource (RHSS) agents like David Judd on HUBZU.com. Mind you, the likes of David Judd don't get the listing commissions. The listing commissions go to RHSS - a unit of Altisource. Altisource also make money by earning escrow and title fees, property preservation fees, closing coordination fees and more.

In this manner, Altisource intend to acquire properties for a fraction of their cost and then rent them out or sell them, earning rental income, management fees, real estate listing commissions, escrow and title fees and more. Their entire business plan depends on their ability to ACQUIRE properties. Short Sales, loan modifications, forbearance etc. are obviously not as profitable. What makes business sense is foreclosure. Altisource have vested interests in promoting foreclosures. By promoting foreclosures and rentals, Altisource are working against America's stated policy of increasing homeownership. They are working against the interests of United States and its people.

In the financial year 2013, AAMC acquired 13500 loans. However, this is just a modest beginning.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)


Sunday 23 February 2014

You don't have to be big or powerful to change the world

After seeing a photo of two enslaved boys her age—and learning that "slavery did not end with Abraham Lincoln"—then 8-year-old Vivienne Harr decided to help. She said: “Compassion is not compassion without action.” So, since children have done since time immemorial, she went with “the only business experience I had”: a lemonade stand. But, little Vivienne had a big vision. She wanted to raise $100,000. She "made a stand" at her lemonade stand for 365 days straight, rain or shine, to “end child slavery.” The world stood with her.

On day #52, New York Times, Pulitzer prize-winning columnist Nicholas Kristof retweeted Vivienne, and her moment became a movement. The New York Times, Bloomberg TV, The BBC World News, ABC News, NBC News, CBS News, The New York Daily News, The Huffington Post, FOX, MSNBC, Yahoo News, MSN, AOL, Food & Wine, Town & Country, O Magazine, Time for Kids, Parenting, Real Simple—and media outlets across the country and around the world from Australia to Brazil to France to Hong Kong—have covered Vivienne's story and the Make a Stand movement.

On day #173, Mayor Michael Bloomberg welcomed Vivienne to Times Square to sell her famous lemonade. It was there that she reached her goal—donating $101,320 to Not For Sale, a leading anti-slavery organization. When her parents said: “You did it, honey. You’re done,” Vivienne said: “Is child slavery done?" They shook their heads. "Then, I am not done.”

Vivienne continued her daily stand for a full 365 days, at which point she decided to bottle her organic, Fair Trade “lemon-aid”—becoming the first child in American history to bottle her lemonade-stand lemonade. She and her team raised over $1 million to start Make a Stand, Inc. - one of the first Certified B Corps in the world. Five-percent of all sales go to leading organizations that do the most documented work in eradicating child slavery in the U.S. and around the world. (While 5% may sound small, it's not. That's because it's 5% of gross revenues, not merely 5% of profits. If all U.S. companies gave 5% of all revenues, not just profits, that would be roughly $1 trillion dollars...every year.)

Vivienne has won numerous awards for her work, including the George H.W. Bush “Point of Light Award” and the “Crowdfunding Campaign of 2012.” Town & Country recognized Vivienne one of the "50 Most Influential Philanthropists in America” along with Leonado Dicaprio, Michael Bloomberg and Laurene Jobs. She is the youngest to make the list—by 10 years. Vivienne is also an honorary member of the World Affairs Council after having introduced Twitter CEO Dick Costolo at his award dinner. As of December 5, 2013, Vivienne Harr is the youngest-ever featured speaker at a Tedx Talk.

Make a Stand became a new way of doing business: A for-profit B-Corporation that shares the vision of its founder: "a world where all 18 million children are free and safe."

Vivienne Harr just turned 10.

Friday 21 February 2014

Growth Pick - Volaris Aviation (VLRS)

Current Market Price - $11.52

Mexico still has a huge market for inter-city bus service. Volaris, and a few other ultra-low-cost carriers, are finally bringing the cost of air travel within reach for many members of the emerging Mexican middle class.

Volaris stands to benefit from a growing demand for air travel in Mexico and with its low operational cost it has an advantage over its competitors.

At $11.52 it is a very attractive pick for the medium to long term investor.

Disclaimer - The contents of this post are the author's personal opinion. Investing/Trading in stocks and other financial instruments is highly risky. Please research thoroughly and obtain professional advise before investing or trading in stocks or other financial instruments.

Ocwen Fail To Raise Funds

Tuesday 18 February 2014

Vijñaptimatra Buddhism For Dummies

What is most precious in this world? What is it that truly makes you happy? If you think it is love, you are already a Vijñaptimatrin. Buddha's love is unconditional. It has no barriers, no limitations. This selfless love which is unconditional, without any limitations, devoid of any expectations is true love. All you need is love. This love ends all sufferings. Happiness is experiencing love.

Vijñaptimatrins learn to love like this, so they can be happy and they can bring joy to others. Vijñaptimatra Buddhism is the path of love, the path of Maitreya - the Buddha of love.

Like you go to a medical school to become a doctor. Here you become a Buddha. Until you have become a doctor, you are a student. Here, you are a Bodhisattva until you become a Buddha. Much like school, here too we have grades - Bodhisattva bhoomis.

Vijñaptimatra (pronounced vigyapti-maatr) means manifestation-only. It means that there is no birth, no death. We are not created or destroyed. We manifest. Everything around us is a manifestation. A rose manifests when the required conditions are present. The seed, water, earth etc. It is not born and it never dies. When conditions are right, we manifest. A manifestation is an appearance of signs. It is not birth. The absence of conditions supporting manifestation is not death.

The Geography Of Samsara and Nirvana

According to Vijñaptimatra Buddhism, there are two minds and three natures of reality. The deluded mind is the cause of all sufferings - the first link of the twelve links in the cycle of Interdependent Co-arising. This cycle is know as the cycle of birth and death and the nature of reality perceived under the influence of the deluded mind is known as parikalpit svabhav - Samsara. In Samsara there is parting, dissatisfaction and misunderstanding.

The other mind, the true mind, creates a world of suchness. There is no birth and death. No coming, no going. No after, no before. No one, no many. No existence, no non existence. It is complete, lacking nothing. This nature of reality is known as nishpanna svabhav - Nirvana. In Nirvana, there is no parting. There is satisfaction and understanding.

Deluded mind creates suffering. True mind creates happiness. The link between the two is paratantra svabhav - interdependence. So in order to reach the shores of nishpanna svabhav, we must go through the world of interdependence. We must constantly learn to see everything in the light of interdependence. We develop our mindfulness to enable us to constantly see the interdependent nature of things.

The Science Of Samsara and Nirvana

According to my teacher, Thich Nhat Hanh, "The Three Dharma Seals of impermanence, nonself, and nirvana are the keys to understanding the Manifestation Only teachings. The first key is impermanence, and it is used to open the door of reality concerning time. Nonself, the second key, is used to open the door of reality concerning space. They are spoken of as different but in truth they are one. Time and space are one. One cannot be without the other. The third key, nirvana, is the fulfilled nature, the reality of no birth, no death; no coming, no going; no one, no many; no existing, no not-existing. This is the world of Interdependent Co-Arising, where nothing exists as a separate, permanent entity. Impermanence and nonself go together with the nature of interbeing.

To touch nirvana, to see the interdependent nature of reality, we have to touch impermanence and nonself. The nature of imaginary construction goes together with our deluded beliefs in permanence and a separately existing self. We see the world around us as permanent and consisting of separate self-existing entities. That is why when we begin the practice we need to use the two keys of impermanence and nonself to shine light on the Interdependent Co-Arising nature of all things."

Our Toolkit

In the words of my perfect teacher, Thich Nhat Hanh, "The Buddha taught that there are Five Powers. First is the power of faith. We need to have faith in the possibility of touching nirvana, of awakening to suchness. This is not blind faith, it is based on our understanding, insight, and experience. Faith leads to energy, the second power. Without faith and confidence, we easily get tired. To have the energy to look deeply into things, we need to have confidence in our capacity for awakening, and faith in the awakened understanding of the Buddha. We transform our energy into mindfulness, the third power. Where there is mindfulness, there is concentration, the fourth power.

When we live in mindfulness, everything takes place in the concentration of looking deeply. We can see the interdependent co-arising nature of things within and around us. When our concentration is weak, we might be able to see their interdependent nature for a short time, but we soon fall back into seeing things as permanent and having a separate self. But with strong and steady concentration, we can continue to see the nature of interbeing of things within and around us. When our concentration is great, it leads to the fifth power, understanding. With understanding we don’t spend time dreaming of the future or dwelling in the past. We wake up to our true mind. With one mindful step, we enter the Realm of Suchness. Understanding, in turn, strengthens our faith. The Five Powers help each other."

Our Curriculum

Samadhi of Emptiness - Emptiness is interdependent co-arising, impermanence and nonself. We are empty of a separate, independent self. A rose is not separate from water, earth, sunlight etc. We practice nourishing this insight all day long.

If we think that we or others are separate from each other then we create conditions for selfishness and expectations. We must free others, not enslave them. True love is devoid of selfishness and expectations. True love is empty.

Text that I follow - Heart Sutra (commentary by Thich Nhat Hanh).

Samadhi of Signlessness - A rose is made of non-rose elements. Looking at a rose we see the elements that produce a rose. Learning to see in this manner, we learn to go beyond time and space. We learn to not get caught in the four signs - self, person, living-being and lifespan.

If we think that we or others are persons or things, or have a lifespan, we will experience parting. In true love there is no parting. True love is signless.

Text that I follow - Diamond Sutra (commentary by Thich Nhat Hanh).

Samadhi of Aimlessness - Aimlessness is learning to live in the here and now. We practice mindful breathing, mindful eating, walking etc.

If we are not present, we cannot show our love. If the mind is elsewhere then we miss the present moment. What is more important that to love and be loved? There is nothing to attain. Nothing to become. True love is aimless.

Texts that I follow - Discourses on the full Awareness of Breathing (Majjhima Nikaya Sutra # 118, and Samyukta Agama Sutra # 803, 810 and 815 commentaries by Thich Nhat Hanh) and Fourteen Mindfulness Trainings as taught by Thich Nhat Hanh.

Our Mantra

No coming, no going,
No after, no before.
I hold you close to me,
I release you to be so free.
Because I am in you,
And you are in me.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)

Monday 17 February 2014

The River and the Clouds - Thich Nhat Hanh

Once upon a time there was a beautiful river finding her way among the hills, forests, and meadows. She began by being a joyful stream of water, a spring always dancing and singing as she ran down from the top of the mountain. She was very young at the time, and as she came to the lowland she slowed down. She was thinking about going to the ocean. As she grew up, she learned to look beautiful, winding gracefully among the hills and meadows.

One day she noticed the clouds within herself. Clouds of all sorts of colors and forms. She did nothing during these days but chase after clouds. She wanted to possess a cloud, to have one for herself. But clouds float and travel in the sky, and they are always changing their form. Sometimes they look like an overcoat, sometimes like a horse. Because of the nature of impermanence within the clouds, the river suffered very much. Her pleasure, her joy had become just chasing after clouds, one after another, but despair, anger,and hatred became her life.

Then one day a strong wind came and blew away all the clouds in the sky. The sky became completely empty. Our river thought that life was not worth living, for there were no longer any clouds to chase after. She wanted to die. "If there are no clouds, why should I be alive?" But how can a river take her own life?

That night the river had the opportunity to go back to herself for the first time. She had been running for so long after something outside of herself that she had never seen herself. That night was the first opportunity for her to hear her own crying, the sounds of water crashing against the banks of the river. Because she was able to listen to her own voice, she discovered something quite important.

She realized that what she had been looking for was already in herself. She found out that clouds are nothing but water. Clouds are born from water and will return to water. And she found out she herself was also water.

The next morning when the sun was in the sky, she discovered something beautiful. She saw the blue sky for the first time. She had never noticed it before. She had only been interested in clouds, and she had missed seeing the sky, which is the home of all the clouds. Clouds are impermanent, but the sky is stable. She realized that the immense sky had been within her heart since the very beginning. This great insight brought her peace and happiness. As she saw the vast wonderful blue sky, she knew that her peace and stability would never be lost again.

That afternoon the clouds returned, but this time she did not want to possess any of them. She could see the beauty of each cloud, and she was able to welcome all of them. When a cloud came by, she would greet him or her with loving-kindness. When the cloud wanted to go away, she would wave to him or her happily and with loving kindness. She realized that all clouds are her. She didn't have to choose between the clouds and herself. Peace and harmony existed between her and the clouds.

That evening something wonderful happened. When she opened her heart completely to the evening sky she received the image of the full moon - beautiful, round, like a jewel within herself. She had never imagined that she could receive such a beautiful image. There is a very beautiful poem in Chinese: "The fresh and beautiful moon is traveling in the utmost empty sky. When the mind-rivers of living beings are free, that image of the beautiful moon will reflect in each of us."

This was the mind of the river at that moment. She received the image of that beautiful moon within her heart, and water, clouds, and moon took each other's hands and practiced walking meditation slowly, slowly to the ocean.

There is nothing to chase after. We can go back to ourselves, enjoy our breathing, our smiling, ourselves, and our beautiful environment.

Beware of new charges on your Ocwen account

Sunday 16 February 2014

Altisource PPI

Think. Act.

Veganism and Buddhism

Buddhism is learning to do the right things - to practice and promote right mindfulness, right view, right thinking, right action, right speech, right concentration, right diligence, right livelihood. It is the path to happiness. The foundation of happiness is freedom, so it is also the path to liberation. It is likely then that one who wants to be free respects, practices and promotes freedom.

Veganism is the practice of respecting the right of all sentient beings to be free. Vegans practice living in a manner that they do not end up using other sentient beings as resources like food or slaves and avoid exploiting their body and mind.

Thus, vegans do not consume milk or meat or butter or cheese or eggs. They do not use leather or animal-tested cosmetics or anything that comes from an animal or that might have jeopardized an animal's welfare, health or freedom. They practice living in this manner to the extent possible. The Buddha of our times, Thich Nhat Hanh, is a vegan.

In Buddhism there are many precepts. These are vows or declaration of our commitment to practice certain wholesome actions and avoid unwholesome actions. One of such precepts is not to harm other sentient beings. Killing and eating them may rightfully be construed as causing harm to them. It is also not mindful consumption - a violation of another precept. Similarly, not taking what is not rightfully ours is another precept. We can argue that the skin of an animal is not rightfully ours, so we should not use leather or fur. Similarly, we can say that other precepts are violated by not practicing and promoting veganism.

Samsara is imperfect. And yet, it leads to nirvana. A world of imperfections can be transformed into a perfect existence. Samsara and nirvana are in our mind, one exists because of the other. The imperfect samsaric existence can help motivate us to be free. We practice the precepts with the intention to be free and to help others be free from samsaric existence - an experience of suffering.

The foundation of suffering is slavery. We watch helplessly how people are killed and children harmed and women assaulted. We cannot prevent death or sickness or old age or desires. We are slaves to causes and conditions. This makes us suffer.

In spirit, veganism and Buddhism are so closely connected. In one we can clearly see the other. When we practice the precepts we are practicing veganism and vice versa. We are practicing and promoting freedom. By practicing in this manner we truly create conditions for liberation. We nurture the Buddha in us.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.) 

The Fourteen Mindfulness Trainings

The Fourteen Mindfulness Trainings are the very essence of the Order of Interbeing. They are the torch lighting our path, the boat carrying us, the teacher guiding us. They allow us to touch the nature of interbeing in everything that is, and to see that our happiness is not separate from the happiness of others. Interbeing is not a theory; it is a reality that can be directly experienced by each of us at any moment in our daily lives. The Fourteen Mindfulness Trainings help us cultivate concentration and insight which free us from fear and the illusion of a separate self.

THE FIRST MINDFULNESS TRAINING: OPENNESS
Aware of the suffering created by fanaticism and intolerance, we are determined not to be idolatrous about or bound to any doctrine, theory, or ideology, even Buddhist ones. We are committed to seeing the Buddhist teachings as guiding means that help us develop our understanding and compassion. They are not doctrines to fight, kill, or die for. We understand that fanaticism in its many forms is the result of perceiving things in a dualistic and discriminative manner. We will train ourselves to look at everything with openness and the insight of interbeing in order to transform dogmatism and violence in ourselves and in the world.

THE SECOND MINDFULNESS TRAINING:NON-ATTACHMENT TO VIEWS
Aware of the suffering created by attachment to views and wrong perceptions, we are determined to avoid being narrow-minded and bound to present views. We are committed to learning and practicing non-attachment to views and being open to others’ experiences and insights in order to benefit from the collective wisdom. We are aware that the knowledge we presently possess is not changeless, absolute truth. Insight is revealed through the practice of compassionate listening, deep looking, and letting go of notions rather than through the accumulation of intellectual knowledge. Truth is found in life, and we will observe life within and around us in every moment, ready to learn throughout our lives.

THE THIRD MINDFULNESS TRAINING: FREEDOM OF THOUGHT
Aware of the suffering brought about when we impose our views on others, we are determined not to force others, even our children, by any means whatsoever – such as authority, threat, money, propaganda, or indoctrination – to adopt our views. We are committed to respecting the right of others to be different, to choose what to believe and how to decide. We will, however, learn to help others let go of and transform fanaticism and narrowness through loving speech and compassionate dialogue.

THE FOURTH MINDFULNESS TRAINING: AWARENESS OF SUFFERING
Aware that looking deeply at the nature of suffering can help us develop understanding and compassion, we are determined to come home to ourselves, to recognize, accept, embrace and listen to suffering with the energy of mindfulness. We will do our best not to run away from our suffering or cover it up through consumption, but practice conscious breathing and walking to look deeply into the roots of our suffering. We know we can realize the path leading to the transformation of suffering only when we understand deeply the roots of suffering. Once we have understood our own suffering, we will be able to understand the suffering of others. We are committed to finding ways, including personal contact and using telephone, electronic, audiovisual, and other means, to be with those who suffer, so we can help them transform their suffering into compassion, peace, and joy.

THE FIFTH MINDFULNESS TRAINING: COMPASSIONATE, HEALTHY LIVING
Aware that true happiness is rooted in peace, solidity, freedom, and compassion, we are determined not to accumulate wealth while millions are hungry and dying nor to take as the aim of our life fame, power, wealth, or sensual pleasure, which can bring much suffering and despair. We will practice looking deeply into how we nourish our body and mind with edible foods, sense impressions, volition, and consciousness. We are committed not to gamble or to use alcohol, drugs or any other products which bring toxins into our own and the collective body and consciousness such as certain websites, electronic games, music, TV programs, films, magazines, books and conversations. We will consume in a way that preserves compassion, wellbeing, and joy in our bodies and consciousness and in the collective body and consciousness of our families, our society, and the earth.

THE SIXTH MINDFULNESS TRAINING: TAKING CARE OF ANGER
Aware that anger blocks communication and creates suffering, we are committed to taking care of the energy of anger when it arises, and to recognizing and transforming the seeds of anger that lie deep in our consciousness. When anger manifests, we are determined not to do or say anything, but to practice mindful breathing or mindful walking to acknowledge, embrace, and look deeply into our anger. We know that the roots of anger are not outside of ourselves but can be found in our wrong perceptions and lack of understanding of the suffering in ourselves and others. By contemplating impermanence, we will be able to look with the eyes of compassion at ourselves and at those we think are the cause of our anger, and to recognize the preciousness of our relationships. We will practice Right Diligence in order to nourish our capacity of understanding, love, joy and inclusiveness, gradually transforming our anger, violence and fear, and helping others do the same.

THE SEVENTH MINDFULNESS TRAINING: DWELLING HAPPILY IN THE PRESENT MOMENT
Aware that life is available only in the present moment, we are committed to training ourselves to live deeply each moment of daily life. We will try not to lose ourselves in dispersion or be carried away by regrets about the past, worries about the future, or craving, anger, or jealousy in the present. We will practice mindful breathing to be aware of what is happening in the here and the now. We are determined to learn the art of mindful living by touching the wondrous, refreshing, and healing elements that are inside and around us, in all situations. In this way, we will be able to cultivate seeds of joy, peace, love, and understanding in ourselves, thus facilitating the work of transformation and healing in our consciousness. We are aware that real happiness depends primarily on our mental attitude and not on external conditions, and that we can live happily in the present moment simply by remembering that we already have more than enough conditions to be happy.

THE EIGHTH MINDFULNESS TRAINING: TRUE COMMUNITY AND COMMUNICATION
Aware that lack of communication always brings separation and suffering, we are committed to training ourselves in the practice of compassionate listening and loving speech. Knowing that true community is rooted in inclusiveness and in the concrete practice of the harmony of views, thinking and speech, we will practice to share our understanding and experiences with members in our community in order to arrive at a collective insight.

We are determined to learn to listen deeply without judging or reacting and refrain from uttering words that can create discord or cause the community to break. Whenever difficulties arise, we will remain in our Sangha and practice looking deeply into ourselves and others to recognize all the causes and conditions, including our own habit energies, that have brought about the difficulties. We will take responsibility for the ways we may have contributed to the conflict and keep communication open. We will not behave as a victim but be active in finding ways to reconcile and resolve all conflicts however small.

THE NINTH MINDFULNESS TRAINING: TRUTHFUL AND LOVING SPEECH
Aware that words can create happiness or suffering, we are committed to learning to speak truthfully, lovingly and constructively. We will use only words that inspire joy, confidence and hope as well as promote reconciliation and peace in ourselves and among other people. We will speak and listen in a way that can help ourselves and others to transform suffering and see the way out of difficult situations. We are determined not to say untruthful things for the sake of personal interest or to impress people, nor to utter words that might cause division or hatred. We will protect the happiness and harmony of our Sangha by refraining from speaking about the faults of other persons in their absence and always ask ourselves whether our perceptions are correct. We will speak only with the intention to understand and help transform the situation. We will not spread rumors nor criticize or condemn things of which we are not sure. We will do our best to speak out about situations of injustice, even when doing so may make difficulties for us or threaten our safety.

THE TENTH MINDFULNESS TRAINING: PROTECTING AND NOURISHING THE SANGHA
Aware that the essence and aim of a Sangha is the realization of understanding and compassion, we are determined not to use the Buddhist community for personal power or profit, or transform our community into a political instrument. As members of a spiritual community, we should nonetheless take a clear stand against oppression and injustice. We should strive to change the situation, without taking sides in a conflict. We are committed to learning to look with the eyes of interbeing and to see ourselves and others as cells in one Sangha body. As a true cell in the Sangha body, generating mindfulness, concentration and insight to nourish ourselves and the whole community, each of us is at the same time a cell in the Buddha body. We will actively build brotherhood and sisterhood, flow as a river, and practice to develop the three real powers – understanding, love and cutting through afflictions – to realize collective awakening.

THE ELEVENTH MINDFULNESS TRAINING: RIGHT LIVELIHOOD
Aware that great violence and injustice have been done to our environment and society, we are committed not to live with a vocation that is harmful to humans and nature. We will do our best to select a livelihood that contributes to the wellbeing of all species on earth and helps realize our ideal of understanding and compassion. Aware of economic, political, and social realities around the world, as well as our interrelationship with the ecosystem, we are determined to behave responsibly as consumers and as citizens. We will not invest in or purchase from companies that contribute to the depletion of natural resources, harm the earth, or deprive others of their chance to live.

THE TWELFTH MINDFULNESS TRAINING: REVERENCE FOR LIFE
Aware that much suffering is caused by war and conflict, we are determined to cultivate nonviolence, compassion, and the insight of interbeing in our daily lives and promote peace education, mindful mediation, and reconciliation within families, communities, ethnic and religious groups, nations, and in the world. We are committed not to kill and not to let others kill. We will not support any act of killing in the world, in our thinking, or in our way of life. We will diligently practice deep looking with our Sangha to discover better ways to protect life, prevent war, and build peace.

THE THIRTEENTH MINDFULNESS TRAINING: GENEROSITY
Aware of the suffering caused by exploitation, social injustice, stealing, and oppression, we are committed to cultivating generosity in our way of thinking, speaking, and acting. We will practice loving kindness by working for the happiness of people, animals, plants, and minerals, and sharing our time, energy, and material resources with those who are in need. We are determined not to steal and not to possess anything that should belong to others. We will respect the property of others, but will try to prevent others from profiting from human suffering or the suffering of other beings.

THE FOURTEENTH MINDFULNESS TRAINING: TRUE LOVE
[For lay members]: Aware that sexual desire is not love and that sexual relations motivated by craving cannot dissipate the feeling of loneliness but will create more suffering, frustration, and isolation, we are determined not to engage in sexual relations without mutual understanding, love, and a deep long-term commitment made known to our family and friends. Seeing that body and mind are one, we are committed to learning appropriate ways to take care of our sexual energy and to cultivating loving kindness, compassion, joy and inclusiveness for our own happiness and the happiness of others. We must be aware of future suffering that may be caused by sexual relations. We know that to preserve the happiness of ourselves and others, we must respect the rights and commitments of ourselves and others. We will do everything in our power to protect children from sexual abuse and to protect couples and families from being broken by sexual misconduct. We will treat our bodies with compassion and respect. We are determined to look deeply into the Four Nutriments and learn ways to preserve and channel our vital energies (sexual, breath, spirit) for the realization of our bodhisattva ideal. We will be fully aware of the responsibility of bringing new lives into the world, and will regularly meditate upon their future environment.

[For monastic members]: Aware that the deep aspiration of a monk or a nun can only be realized when he or she wholly leaves behind the bonds of sensual love, we are committed to practicing chastity and to helping others protect themselves. We are aware that loneliness and suffering cannot be alleviated through a sexual relationship, but through practicing loving kindness, compassion, joy and inclusiveness. We know that a sexual relationship will destroy our monastic life, will prevent us from realizing our ideal of serving living beings, and will harm others. We will learn appropriate ways to take care of our sexual energy. We are determined not to suppress or mistreat our body, or look upon our body as only an instrument, but will learn to handle our body with compassion and respect. We will look deeply into the Four Nutriments in order to preserve and channel our vital energies (sexual, breath, spirit) for the realization of our bodhisattva ideal.

(Written by my teacher Thich Nhat Hanh.)

Saturday 15 February 2014

Stop Ocwen and Altisource!

Ocwen and Altisource, through a systematically designed process, induce foreclosures and then sell these foreclosed home on HUBZU.com so they can earn listing commissions, Buyer's Premium, Escrow Fees, Web Technology Fee, Property Preservation Fees, Title Insurance Fees, Closing Coordination Fees and more!

Thursday 13 February 2014

Give Us Hope, Mr. Lawsky!

Where would you like to be when you are old? I don't know how to read minds but I am sure you don't want to be homeless. I am sure you don't want to helplessly see your home foreclosed by a bunch of crooks driven by greed.

Many old people, cancer patients, newly married couples, single moms, among others have been evicted by the loan servicer Ocwen. Many have seen their short sale requests turned down only to watch their homes sold for lower prices to builders and investors. As per the allegations, Ocwen used deceptive and unfair means while working with borrowers who were delinquent and underwater. The company has been accused of misrepresenting facts while filing foreclosure documents, charging unjustified fees for default-related services and forcing borrowers to buy unnecessary insurance policies, among others.

Greed of the lenders led to the subprime mortgage crisis which in turn created an economic crisis which led to people losing income and jobs. People struggled to meet their high-interest mortgage repayments. Some requested for forbearance, some wanted their loans refinanced, some thought a short sale would help ease the strain on their finances.

Greed, though, was not dead yet. Those engulfed by greed only seek profits. To them it does not matter even if it comes from someone else's misfortune. One man finds himself standing against an organization driven by greed of such intensity that has seldom been seen before.

Benjamin Lawsky, Superintendent of the Department of Financial Services, had little option but to block the Ocwen-Wells Fargo deal in a bid to prevent more Americans being unwittingly led towards foreclosure by a loan servicer with a consistent track record of delay in providing statements, adding expensive and at times unnecessary insurance to accounts, not applying payments to account or applying them late. What more, its Chairman is the single largest shareholder in a company (Altisource Portfolio Solutions) that profits immensely from foreclosures and snatches away the livelihood of real estate agents trying to feed their families.

Mr. Lawsky's grandparents, immigrated from Nazi Germany to an apartment on 192nd Street after his grandmother’s father had been killed at Auschwitz; his parents, in turn, had made good through public schools, graduating from Bronx Science and C.C.N.Y. His father was in the U.S. Public Health Service, and Mr. Lawsky and a twin sister were born on a Navy base in San Diego before the family moved to Pittsburgh, where Mr. Lawsky grew up waiting tables and selling funnel cakes out of a food cart. As a high school point guard, he was recruited by several small schools but chose to attend Columbia, where he played briefly as a walk-on before taking up long-distance running. He wanted to study architecture, but, faced with drawing cubes, switched to art history. He became interested in the law when a controversial exhibition of Robert Mapplethorpe photographs in 1989 sparked a national conversation about art and the First Amendment. He graduated cum laude and enrolled in Columbia Law.

Mr. Lawsky has, in the past, questioned Ocwen and gotten them to agree to monitoring but more is expected this time around. For a man who threatened to take away Standard Chartered's license, he can surely do more than just deliver a gentle slap on the wrist to Ocwen.

"For almost 10 years," Lawsky wrote, "SCB schemed with the government of Iran and hid from regulators roughly 60,000 secret transactions, involving at least $250 billion, and reaping SCB hundreds of millions of dollars in fees. SCB's actions left the U.S. financial system vulnerable to terrorists, weapons dealers, drug kingpins, and corrupt regimes, and deprived law enforcement investigators of crucial information used to track all manner of criminal activity."

I quote Ana Merlan, "Lawsky wanted to know why he shouldn't pull Standard's license to operate in New York—a move that would cost the bank billions. The financial world erupted in chatter.

From a sleepy federal investigation that was going nowhere fast to punishment that threatened Standard's very existence, it was clear there was a new sheriff in town."

It is time to be brave, Mr. Lawsky. Give the people some hope.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)

The Woman Who Will Battle Ocwen

According to Forbes, Kathy Patrick is the woman wall street fears most. “The toughest lawyer you will see,” works out of an unassuming 33-lawyer Houston firm. She teaches Bible study on Sundays and sings in her church band, while raising two teenage boys with her husband.  Her $8.5 billion Bank of America settlement over bad mortgage deals was just the beginning. "Who else has ever gotten $8.5 billion out of anyone? Go find a settlement where anybody in history got $8.5 billion in a private settlement,” says Jason Kravitt, a lawyer who represented Bank of New York Mellon in the Bank of America settlement talks. “She manages to be sufficiently aggressive and constructive with the right combination of threats and creativity.”

This remarkable woman will take on William Erbey to avenge the distress caused by his firms to countless individuals, families, senior citizens, helpless little children, investors, employees, animals and nature. William Erbey's mother sent him to Harvard. He used his education to earn millions evicting helpless mothers from their homes, displacing poor families, disrupting the education of innocent little children. Kathy's mom sent her to Harvard as well and here she is fighting to stop the growth of antisocial market participants like Ocwen who are contributing towards the creation of an economy that hurts humans, animals and nature. What a contrast!

As news reached that she will be taking on Ocwen, shareholders of the loan servicer sold their holding in fear sending the stock crashing by over 9% on February 11, 2014. Here are just a few certifications of her ability:

* Named overall  “Outstanding Practitioner” by Euromoney Legal Media Group, Second Annual Americas Women in Business Law Awards, 2013

* Named “Overall Female Litigator of the Year” and “Texas Litigator of the Year,” Benchmark Litigation Inaugural Awards - South, 2012

* Named one of the “Top Ten Change Agents” by the Financial Times in its feature report: “US Innovative Lawyers 2012”

* Named “Best in Litigation” by Euromoney Legal Media Group, Inaugural Americas Women in Business Law Awards, 2012

* Named to Leading Trial Lawyer list by Legal 500, 2011-2013

* Named to Winning Women by Texas Lawyer, 2011 - One of 20 Texas litigators and appellate lawyers recognized for prevailing in high-stakes cases and having statewide and national impact

* Listed in Legal Media's Guide: Benchmark Top 250 Women in Litigation, 2013 - Recognized as one of the top ten women litigators in the U.S. in this inaugural edition

* Named in Euromoney’s  “Guide to World’s Leading Women in Business Law,” 2013

* Listed in Chambers USA America’s Leading Lawyers for Business, 2006-2013 - Named a top-tier Leading Individual for Securities Litigation, Texas, since 2006. Named on Nationwide Securities Litigation Leading Lawyers List, 2010-2013. Named a top-tier Leading Individual for Commercial Litigation, Texas, 2013

* Named an Extraordinary Women in Texas Law by Texas Lawyer, 2008 - One of 30 women recognized for excellence in the legal profession in Texas.

* Listed in Best Lawyers in America, 2008-2014 - Named in the areas of Bet-the-Company Litigation, Commercial Litigation, and Securities Law

* Listed in Legal Media's Guide: Benchmark Litigation, 2009-2014 - Recognized for expertise in Complex Commercial, Securities and Legal Malpractice matters.

* Named a Top Litigator in Legal Media’s Benchmark Plaintiff, 2012-2014.

* Named to the Leading Commercial Litigators in the World list by Who’s Who Legal, The International Who’s Who of Commercial Litigators, 2012-2013

* Named to the Leading Commercial Litigators in the World list by The International Who’s Who of Business Lawyers, 2013 - Recognized for expertise in Securities and Legal Malpractice matters since 2007

* Named a “Texas Super Lawyer” by Law and Politics, 2003-2013 - Named to "Top 50 Women" Texas Super Lawyer List, 2010, 2012-2013. Named to “Top 100 Houston” Texas Super Lawyer List, 2012-2013.

* Named one of The University of Texas at El Paso’s “Distinguished Alumni,” 2013.

* Listed in PLC Which Lawyer? Yearbook, 2008-2010 - Named a “Highly Recommended Individual” in Commercial & Securities Litigation.

* Listed in PLC’s Cross-Border Dispute Resolution Handbook, 2011-2012 - Named a “Leading Dispute Resolution Lawyer”
Named to Lawdragon’s 500 Leading Lawyers in America List, 2010-2013.

* Named to Euromoney Legal Media Group's World's Leading Litigation Lawyers, 2010, 2014.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)

How Ocwen Are Trying To Force Animal Rescuers Out Of Their Home

Moved by compassion for animals, Kathleen and Scottie Prince, have spent years rescuing pets, comforting grieving owners and caring for dogs and cats while owners were away. Unable to find accommodating landlords the Princes decided to buy a home of their own in Longwood in 1993. At the time, Scottie Prince worked as a medical courier and Kathleen was in television production, but the couple spent most of their leisure time caring for rescue pets, many of which were unlikely to be adopted because of health problems.

Six years after they bought their home, the couple quit their day jobs and formed Pookie Brothers Pet Sitting. They said they earned more than $4,000 monthly by sitting at least a few times weekly for regular customers. In 2005, they paid off credit-card debt by tapping about $25,000 in their home equity as part of a mortgage refinance.

But as the economy began slowing in 2006, so did the demand for pet sitting.

The Princes fell behind on their mortgage payments and appealed to their mortgage company, Ocwen Loan Servicing, to let them catch up. The ruthless loan servicer, Ocwen, took a hard line with them and continued with foreclosure proceedings. The mortgage debt and fees have now mounted to about $40,000 on the house, which is valued at about $100,000.

The house is also home to the couple's seven dogs, six cats, four birds and two bunnies.

Homes like these are foreclosed by Ocwen and sold through Altisource, enabling Altisource to earn thousands in real estate commissions, escrow and title fees, Buyer's Premium etc. Altisource and Ocwen share common ownership.

The kindhearted couple are trying to raise funds on ideagogo.com to save their home. According to Brian Wettstein, co-owner of the Doggie Door pet-supply store in Winter Park. "Scottie and Kathleen have been doing their thing in the pet community for so long — not only as pet sitters but also rescuing so many pets — that they have a huge connection to the community. That's why people are reaching out and contributing."

We are inspired by the Princes and their story has rejuvenated our commitment to fight foreclosures. There is no place for foreclosure and forced evictions in a humane society.

(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)

You may take your Ocwen complaints to DFS

Superintendent Benjamin Lawsky's office at the Department of Financial Services have raised certain concerns about Ocwen's ability to service mortgages and have halted indefinitely a $2.7 billion deal by Ocwen Financial Corp. to purchase mortgage-servicing rights from Wells Fargo.

Ocwen typically acquire loan servicing rights from lenders like Wells Fargo, Deutsche Bank, Bank of America, Chase, HSBC etc. and by acquiring companies like Homeward, Litton etc. who possess such loan servicing rights. The consumer has no ability to prevent his loan from being serviced by Ocwen.

The Consumer Financial Protection Bureau investigated Ocwen in the year 2013 and came to the conclusion " that Ocwen violated federal consumer financial laws at every stage of the mortgage servicing process" and "Ocwen made troubled borrowers even more vulnerable to foreclosure."

You may wonder what a loan servicer could possibly gain from a foreclosure. According to Ron Faris it would be an account lost! In order to understand this you need to understand that a company by the name Altisource Portfolio Solutions shares common ownership with Ocwen. Ocwen's Chairman William Erbey is also the chairman of Altisource and its single largest individual shareholder. Altisource sell foreclosed properties through their website www.HUBZU.com. In most cases these properties are listed through Altisource or Real Home Services and Solutions which is, no prizes for guessing, owned by Altisource. Altisource are also responsible for maintenance of these properties and provide title and escrow services to real estate transactions. In fact their Purchase and Sale Agreement states that the seller offers to pay the title insurance fees should the buyer elect to use Premium Title as BOTH an escrow and title company, thereby ensuring that escrow fees can be earned by Premium Title, who are an Altisource company! So Altisource and entities associated with and owned by Altisource earn from selling and servicing foreclosed homes in the following manner:
1. Real Estate commissions (usually up to 3%  of the net purchase price).
2. Buyer's Premium (usually 3-5% of the offer price, can be very high in some cases).
3. Web Technology Fee.
4. Escrow fees.
5. Title Insurance fees.
6. Property Preservation fees.
7. Closing coordination fees (if applicable).

In addition to this, Western Progressive, Altisource's wholly owned trustee subsidiary, processes residential non-judicial foreclosures in California, Nevada and Arizona.

So, while Ocwen do not stand to gain from these foreclosure related activities, Altisource do and thereby benefit the "common ownership".

You are vulnerable to foreclosures if:
1. You do not receive your statements on time.
2. If the payments you make are not credited to your loan account on time.
3. If your mortgage repayments rise due to higher insurance or other fees after the loan was transfered to Ocwen.
4. If your refinance/short sale/loss mitigation request was not given appropriate consideration or was rejected on flimsy grounds or was delayed while Ocwen were simultaneously attempting to foreclose on your loan.

If you are noticing early signs of such symptoms, it is better to take preventive measures. It is your right to approach regulatory authorities with your concerns. Please carry out due diligence to your satisfaction and don't just take my word for anything.

There is no place for foreclosures in a humane society.

While I strongly believe that as a responsible organization, Ocwen genuinely wish to help its customers, here is the link to submit your complaint to the DFS should you need to:

www.dfs.ny.gov/consumer/fileacomplaint.htm


(The author, Saurabh Singh, is a student of the Buddhist monk Thich Nhat Hanh. He is a Foreclosure Prevention Activist and a vegan. He is also a member of People for Ethical Treatment of Animals(India), Consumer Advocates in American Real Estate, UNITES Professionals and supports charitable causes and crowdfunding.)

Saturday 8 February 2014

Flower Mandalas

https://plus.google.com/photos/106579117718321437952/albums/5977989489734526449