Does anyone know what this new Obama plan to stop foreclosure will do for me?

I have a subprime with litton.I started a modification in 12/08 it has been dragging on now for 60days + They say it is still in process... in January they claimed we were behind in payments and they moved to foreclosure. I have called LLS multiple times with no success I just get the run around can anyone help me or have any advice. PLEASE !!

The Obama plan will not work for stopping foreclosure. I have tried many avenues. The OSC, Hope Now, the bank, real estate agents, mortgage companies. I have been fighting all the way. Don't give up and don't move out of your home even after foreclosure.

Fight, Fight, Fight because the government, the banks, loan modification people will take your money. If the bank wants to do a modification, tell them to send you the terms in writing. Do not trust them.

I am an attorney here in Florida, and I've been doing foreclosure defense now for about 2 1/2 years now. We recently finished a loan modification with Litton that had been in the works for several months. They sent us the modification paperwork first, then requested all the financials in order to prove client could make the payments. It was a long, frustrating road, but this morning, we were told it was finally approved. Lowered total mortgage from 200k to 130k, and lowered interest rate to about 6% from 8+%. Keep fighting and keep calling them. If you're not being approved, it's probably because you're listing more expenses than income. Banks need to see that it's pretty much in balance, and that you're not negative by more than about $500 a month.
Good luck and keep fighting!
Dennis

Dear Litton Representative can you please let me know if your company will be participating in the Obama stimulus package. I am interested in getting a loan modification

dear litton loan rep.: is the obama stimulus package going to help us who are a little behind but wont be able to continue making my payments? my payment will go up again in june, i need a mod. loan soon or i will be facing forclousure before too long, i cant refinance, i owe more than my home is worth, please help.

i would like to found out how i can get my interest lower

My name is charles L. McFadden Jr. I have had problems paying my mortage because I have been paying my taxes and I feel behind, I would like to have some help. Someone please help cause I don't want to loose my house.

Hi Charles Mcfadden I would like to help you or give you some advice. Email me with a phone number where you could be reached. Good luck and stay positive..

i'm here

I am a Senior Case Manager for CDA Law Center. Litton is a great company but they and the other mortgage servicing companies are just so overwhelmed they are ineffective when it comes to help with a loan modifications. If you need a loan modification call me at (877) 499-4435, I can help.

Trying to reach Jen Popino- need help!

We were only one month behind on our adjustable rate payment when I tried to get them to modify our loan and all they did was give me the run-around! I couldn’t believe it when the guy on the phone (he was a big jerk!) actually said that my family shouldn’t eat so much because then we would spend less on groceries and would have more money to make our mortgage payment! He also said we should get a cheaper car and a bunch of other stuff that was really rude. This whole thing was keeping me up at night worrying about what was going to happen to us. I told my friend at work about this and she said I should call the loan modification company that got her loan modified down to 3.25% fixed interest rate! I finally decided to call them, and in about 45 days they got my interest rate down to 3.85% on a fixed rate too! The company is American Foreclosure Specialists and we are really happy with what they did for us. The website is afscanhelp.com. We chose them because they didn’t make a bunch of promises like some of the other companies and they had a 100% money back guarantee. I hope this helps some other people fighting with their loan company!

Here is my correct email if you wish to contact me about your Loan.

Hi Charles Mcfadden Sorry I gave you the wrong info. Please contact me here. Thanks and looking forward to hearing from you.

We are a family of loan modification specialists. It's our job day in and day out to help struggling homeowners keep there homes. Foreclosure hurts everyone and with our help and dedication we will fight for you. We have 20years experience with your bank and the programs that are available through your investor. If need help don't wait for bank to call you. Contact us right away no matter what your situation is it's only a phone call. 866-544-0990 opt #2 or visit us on the web www.afscanhelp.com

If you contact afscanhelp.com please let us know how you found us. We would like to continue to reach out 866-544-0990 opt#2.

I'M FACING A SUMMAREY JUDGEMAENT THE 27TH IN BROWARD COUNTY FL I NEVER GOT A SERVICE OR TOLD TILL AFTER PRIOR HEARINGS NOW THIS ONE IS FOR ATTNS FEE AND FORECLOSURE. I GOT HIT BY A LINCOLN NAVIGATOR HAD SURGERY AND OFF FOR 6 MONTHS WENT TO PGH PS MY MOM HAS STOMACH CANCER AND DEMENTIA I TOOK CARE OF HER . WHAT R MY RIGHTS.

Does anyone know if Home-Q mortagae company is part of Obama's hope plan

Hi Leonard you can contact me through email. If you are still looking fo help.

Apparently, either way, if my trial modification IS EVER FINALIZED, Litton will seek to add all the difference between these months, and months between the modified amount and the trial payment amount ON TO WHAT THEY ARE "OWED" how is it I would OWE litton money for house insurance that I PAY MYSELF?! And have continued to pay myself during the loan modification? There's a question, I have.
AND of course, by stalling and NOT sending the FINALIZED modification, the amounts that I would NOT be paying to Litton ALL REMAIN DUE AND MOUNTING, MONTH AFTER MONTH AFTER MONTH.
Meanwhile their fax machine, must be attached to a shredder?
WHERE IS MY FINALIZED AGREEMENT? If I never get that, then of course, I've been engineered right into having my home auctioned out from under me. I will keep you posted. I wish Washington would WAKE UP and put protections for the homeowner who in good faith and against ALL odds, is trying to get Litton Loans to FINALIZE A MODIFICATION. The stories are very disheartening, where the modification gets denied, without even a cause given and the home is sold at an auction and then of course Litton and their investors, cry about the money they lost. Well here is a NOVEL thought, the person LIVING there values it MORE than others do, even in the face of falling property prices, thanks to banks taking but failing to MOVE the houses down the street. SO, if they were smart they'd TRY to work with the homeowner, but then with Uncle Sam, offering to help them with all these LOSSES, why not just engineer MORE OF 'EM! Instead of FINALIZING THE MODIFICATION, just get rid of the only person who WANTS the house.

Well, my saga drags on with Litton.
Apparently they take the OBAMA BUCKS and run, and hide out under Deutche Bank protection from EVER GIVING THE HOMEOWNERS A FINAL MODIFICATION AGREEMENT.

They get the money for the TRIAL MOD, BIG MISTAKE, FEDS.
Of course, they are apparently all one and the same, there are those TOO BIG TO FAIL, and the rest of us TOO SMALL TO MATTER.

Hi Everyone,

WELL, the FEDEX came with a FINAL, MODIFICATION, last week and I got it back to them early this week, I still don't have it back yet, but it seems to be on the way to getting FINALIZED, AND, Litton was excellent to me, in the final mod, did not count income that is sporadic/ or not sustainable for the payments. SO, it ended up that EVERYTHING is included in the payment (it wasn't all included before...) AND it is going to be at around 900/ mo from 1280/mo with nothing included. SO I feel very grateful that it is looking like I can save our roof here, after all. It has been a long frustrating road, but it will be worth it when that fedex comes back here with the finalized agreement and it is all set.

This Jan. 2010, Litton just denied our loan modification which we submitted in April 09 due to sufficient income. To add insult to injury, a CA based company scammed us $4K and have been missing since Sept. 09, thus, I had to follow-up regularly with Litton. I would like to re-appeal because we are now a one income family as I have been laid off since Nov 09 and my previous employer owes me 5 paychecks.
We really want to stay in our home, but can afford a lower monthly. Should I continue to re-appeal with Litton? Its going to take forever again. Foreclosure process was placed on hold in November 09. Pls advise. THANKS

If Litton is agreeing to Modify your loan, do no fall for the trial payment scam. Have them give you the "final Modification" and then send them money. Every month under the trial payment scam, Litton adds fees and the difference in payments to the prinicpal. Therefore, months after signing a trial payment agreement and sending them thousands, Litton has now increased your balance by thousands too. They put your "trial payments in some bogus holding account and do not apply them to your loan. They also add fees, fees, fees!!! Best option with Litton is to stash your money away and file bankruptcy. Let the foreclose and asked the court for foreclosure mediation. Make sure to bankrupt all claims with them "past, present, or future. Forget the HAMP program, after months of investigating, Litton is scaming them too. The Government will get them. They are taking credit for mods homeowners never applied for and have taking millions in bailout money.

i am in process to get a loan modification with litton, i recevied a letter today from them. i was told that i did not send all the documents that was required, so i called litton, i was told by the rep..you are still under consideration.. and we have received all your paper work..so i said HUGH..i told them i just recieved this letter from your company..why don't you see that on the computer..she said we are in houston..call back in 2
hours to get updated...i said what we are talking about my home....WHAT DO I DO...

Loan modififications are good for the entire industry.

Loan modififcations are the best
thing OBAMA could do with the mess
the Bush administration handed Us.

My story is similar , I fell behind 4 months because my company I worked for 11 years closed due to the recession.I called my servicer Litton Loan Servicing to let them know I started my new job and continued to make payments .Litton would call me a few times a week each time I spoke it was a different person with a different story, anyways they told me I could qualify for a Obama Loan Modification I said is there anyway you could just put this towards the back I made every payment on time for 8 years ??? Litton said to save my house It would be better doing the modification so agreed I made every payment for over a year on time and got a letter stating I was all set. Great I thought BUT a year later I got another letter saying I did not qualify because of my credit report??? then I got another letter saying I did not make my trial payments on time??? In fact I did and they knew i did NOW I'm several months behind( BECAUSE LITTON TALKED ME INTO THIS) but I still make my payment on time every month to find out they want to short sale my house I was told my credit will be ruined if I don't come up with the money??? At this point my house is worth half of what I owe and THEY(LITTON) must be making money on SHORTSALES OR FORECLOSURES! because what other reason would they be doing this??? THERE WEBSITE says they help out homeowners??? The truth will come out soon! it makes no sense short sale my home ??? I'm paying every month WHY? my home needs work ,houses are not selling , no one can get approved for a mortgage(banks are not lending) IS THERE A PROFIT ON FORECLOSING ?? please someone break it down for me! I love my house but if they want to steal it I will go to the attorney general/media/ sell my diamond ring to get the best lawyer to fight this ! PLEASE SOMEONE MAKE THESE SERVICERS AUTOMATICALLY LOWER PAYMENTS A UNIVERSAL 3.5 THEY ARE MAKING PLENTY OF MONEY WHY DO THEY NEED TO MAKE PEOPLE SUFFER! I KEPT ALL MY PAPERWORK EVEN WHEN TITANIUM SOLUTIONS BOTHER ME CONSTANTLY WITH A NEW MORTGAGE WITH 40,000 ADDED !
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