Wow, 17,000 loans placed on hold. It's not surprising,Ocwen hs been one of the worst servicers, 

"New investors, such as traditional home buyers, flippers and mom and pop investors, are now competing for space in the marketplace, while aged inventory declines. These “new” investors may have been eyeing REO for years, but faced certain barriers to entry that are now lifting. This is largely occurring because the 100 percent all cash model is being offset by the availability of contingency financing. Additionally, as the assets become more viable, sellers are now open to accepting different financing options because they want to get the right buyers into the properties vs. driving transactions that result in liquidation."

Buyers Beware Purchasing REO Bank Owned Foreclosures. Grab a copy of my FREE GUIDE, Avoid 7 Costly Mistakes Buying Foreclosures

Agi Anderson, FL Property Diva, Real Estate broker since 1994 specializes with assisting buyers and real estate investors purchase foreclosure properties ~ Reach out and PROFIT from my knowledge and experience with buying, selling, investing 321-209-7271 / FLPropertyDiva@a1ainfo.com #auction #foreclosures #foreclosurehome #realestate #spacecoast