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Does 19 years of homeownership mean anything to Litton?

March 10, 2009

I have owned my home for 19 years and recently been struggling financially just like everybody else. Litton Loan has served me with foreclosure papers and are it's very frustrating and stressful to try and work something out with them. They just tell me to fill out an application on their website and they will get to it when they get to it. I need answers and action now. I have worked to long and hard to lose my home.

This entry was:
Posted By Sandy at 02:24 PM
Comments (4) | Categories: Litton | Tags: litton illinois
 

Comments

Report these people to the FBI I say this because my money is with Stanford and the people that own this company are 2 of the highest paid people On wallstreet. Google them and you too will see. Lloyd Blankfein and David Viniar of Goldman Sachs they are the owners of this company.
Posted By Lisa on April 09, 2009 at 09:47 AM
We have owned our home for 21 years and Litton is auctioning it off on Sept. 8th. We made a poor choice on a refinance and Litton ended up as our servicer. My husband has been laid off twice in the past two years- we were behind and tried a Chapter 13 Bankruptcy, but couldn't afford the $800 a month they wanted in addition to our current bills. Our loan is 11.5 percent interest. I called them to discuss the Making Homes Affordable Program and they asked for info over the phone and said we did not qualify. If the guidelines added the second mortgage payment into the calculations, we would have qualified. She basically said that we could see about a loan modification with them, but we would have to make up back payments, etc. in addition to our current payment. After reading online horror stories about Litton's modifications, I didn't even bother trying to save our home. I wasn't about to give them money only to have them foreclose eventually. We are filing Chapter 7 Bankruptcy and are moving on. It makes me sad, as it has been the only home my husband and I have ever lived in. My husband was laid off again last Thursday and was offered his job back the next day only because someone took an early retirement. He has worked there for 19 years. It is just too stressful not knowing if you will have a job and trying to hang onto our house. I wish you luck and hope you will have a good outcome.
Posted By Amy on August 30, 2010 at 06:41 PM
We have owned our home for 21 years and Litton is auctioning it off on Sept. 8th. We made a poor choice on a refinance and Litton ended up as our servicer. My husband has been laid off twice in the past two years- we were behind and tried a Chapter 13 Bankruptcy, but couldn't afford the $800 a month they wanted in addition to our current bills. Our loan is 11.5 percent interest. I called them to discuss the Making Homes Affordable Program and they asked for info over the phone and said we did not qualify. If the guidelines added the second mortgage payment into the calculations, we would have qualified. She basically said that we could see about a loan modification with them, but we would have to make up back payments, etc. in addition to our current payment. After reading online horror stories about Litton's modifications, I didn't even bother trying to save our home. I wasn't about to give them money only to have them foreclose eventually. We are filing Chapter 7 Bankruptcy and are moving on. It makes me sad, as it has been the only home my husband and I have ever lived in. My husband was laid off again last Thursday and was offered his job back the next day only because someone took an early retirement. He has worked there for 19 years. It is just too stressful not knowing if you will have a job and trying to hang onto our house. I wish you luck and hope you will have a good outcome.
Posted By Amy on August 30, 2010 at 06:41 PM
We have owned our home for 21 years and Litton is auctioning it off on Sept. 8th. We made a poor choice on a refinance and Litton ended up as our servicer. My husband has been laid off twice in the past two years- we were behind and tried a Chapter 13 Bankruptcy, but couldn't afford the $800 a month they wanted in addition to our current bills. Our loan is 11.5 percent interest. I called them to discuss the Making Homes Affordable Program and they asked for info over the phone and said we did not qualify. If the guidelines added the second mortgage payment into the calculations, we would have qualified. She basically said that we could see about a loan modification with them, but we would have to make up back payments, etc. in addition to our current payment. After reading online horror stories about Litton's modifications, I didn't even bother trying to save our home. I wasn't about to give them money only to have them foreclose eventually. We are filing Chapter 7 Bankruptcy and are moving on. It makes me sad, as it has been the only home my husband and I have ever lived in. My husband was laid off again last Thursday and was offered his job back the next day only because someone took an early retirement. He has worked there for 19 years. It is just too stressful not knowing if you will have a job and trying to hang onto our house. I wish you luck and hope you will have a good outcome.
Posted By Amy on August 30, 2010 at 06:41 PM

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