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Having Trouble Getting Your Litton Loan Modified?
By Darvin Legaspi


Litton Loan Servicing is a major loan servicer based out of Houston, Texas. They service approximately $60 billion in subprime loans, or troubled loans with problem borrowers. If you have a mortgage loan serviced by Litton and are having financial difficulty keeping up with payments, you may have some experience with Litton threatening foreclosure. But how can you work with a servicer such as Litton Loan to get your mortgage modified with more affordable and reasonable terms?

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Cindy Wolfe writes:

Subject: Litton False Hopes

Litton doesn't seem to have any incentive for FINALIZING loans, since the entire time they POSTPONE finalizing the LOAN, the longer they will CHARGE THE HOMEOWNER THE DIFFERENCE BETWEEN THEIR INFLATED "contractual amount due" AND what the modified loan payment would be! They are now claiming that I owe them a contractual amount of 1600/ month-- because they added monthly taxes and insurance to the bill that is already too high for me to truly manage on my current income. This has gone on SINCE JULY. They will either foreclose, or make out off my back, charging me for money, I am PAYING MYSELF FOR MY HOUSE INSURANCE!

Comment provided November 5, 2009 at 7:48 am

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