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Ocwen Lawsuit: As an Overview

The Pros and Cons of Ocwen Vs. Accident Injury Lawyers

In the Ocwen lawsuit scenario, you and your legal team must be prepared for a battle of wits and science. If you have experienced a slip and fall, tripping or falling due to negligence, then you are most likely a candidate for Ocwen. Ocwen is an insurance company that purchases the settlements when an Ocwen personal injury attorney makes a settlement offer. It pays for medical bills, lost wages and pain and suffering. But if you were at fault in the incident, the insurance company cannot pay you.

There are several things that Ocwen attorneys cover in their routine.

They cover all the bases and defend you in all situations. These are usually referred to as “non-custodial” and “custodial” cases respectively. If you are not insured through an employer, through a student loan program or through a government agency, then you are considered a “custodial” consumer. Ocwen has very comprehensive policies that will protect you from all financial harm.

In some of their Ocwen cases, they will defend you for both punitive and compensatory damages.

This is good because in many instances a punitive damage award may exceed the actual monetary loss. The cost of this type of lawsuit is very low. Ocwen can spend thousands on legal fees if they lose, so you would do best to have a strong defense.

In addition to compensatory and punitive damages, Ocwen also defends their clients for “general damages”.

General damages refer to emotional distress, physical pain and suffering and even loss of future earning capacity. Ocwen rarely bring out these types of lawsuits, but they could in some extreme circumstances. These types of lawsuits allow Ocwen to compensate their clients for pain and suffering that might occur as a result of the incident. These lawsuits also cover hospital bills, medical bills and loss of work. Having someone look over all the facts for you is crucial before signing on the dotted line.

Ocwen also has special programs that are geared towards personal injury protection.

These policies cover mental and physical injuries that result from an accident or violence. They are great to have especially if you have suffered an injury at work. Many employers offer these benefits now for their employees, but some may not have coverage in place yet.

You should make sure to ask your attorney what kind of Ocwen lawsuit he or she has handled in the past.

You need someone who knows their stuff. Most law firms now have websites where you can look up past cases. All it takes is a few minutes of research to get an idea of how much compensation you could be entitled to.

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