Litton Loan Mod .. Starting Trial Period..

[MomOf1]

So, I have a a question. I received my "trail work out plan" from Litton and my first payment was due June 1st, with the last payment due Aug 1st. But in talking with someone at Litton the other day they said my modification had been denied.

Does anyone know what this means? When I tried asking some one today what my actual payment was supposed to be if they denied the modification all they could give me was the workout plan number.

Interestingly enough, my mortgage payment acutally went up with the "work out plan", as the moved me from an ARM to a Fixed rate.

Anyone else have this issue? Or suggestions for help?

[aprilware2]

Well I got an reply bac through Litton as an email saying my investor is WELLs Fargo . But I was told by a litton rep that my investor ir HSBC also . So who do I believe?

[aprilware2]

can any one look back at their loan workout plan and in the left corner its says investorloan #XXXXXXXXXX . Well I recognize the number they gave me. Its My old loan account # from Fremont. I wonder way that number is on the sheet?

[aprilware2]

Originally Posted by MomOf1

So, I have a a question. I received my "trail work out plan" from Litton and my first payment was due June 1st, with the last payment due Aug 1st. But in talking with someone at Litton the other day they said my modification had been denied.

Does anyone know what this means? When I tried asking some one today what my actual payment was supposed to be if they denied the modification all they could give me was the workout plan number.

Interestingly enough, my mortgage payment acutally went up with the "work out plan", as the moved me from an ARM to a Fixed rate.

Anyone else have this issue? Or suggestions for help?

Mr. CROW in Loss mitigation 1713 218 4536 he is the manager of ths department

[nitag]

Originally Posted by MomOf1

So, I have a a question. I received my "trail work out plan" from Litton and my first payment was due June 1st, with the last payment due Aug 1st. But in talking with someone at Litton the other day they said my modification had been denied.

Does anyone know what this means? When I tried asking some one today what my actual payment was supposed to be if they denied the modification all they could give me was the workout plan number.

Interestingly enough, my mortgage payment acutally went up with the "work out plan", as the moved me from an ARM to a Fixed rate.

Anyone else have this issue? Or suggestions for help?

Momof1 I know that Litton has said and I was told that there was a delay in the mailings of the documents. They have a third party that types them up and mails them out, I don't know, maybe they didn't tell the 3rd party not to mail them. Were you denied after you were told you were preapproved? I would call the number they gave to you and see what they said. Or try calling the ERT number at 713-218-4592 and see if they know anything.

[nitag]

Originally Posted by aprilware2

can any one look back at their loan workout plan and in the left corner its says investorloan #XXXXXXXXXX . Well I recognize the number they gave me. Its My old loan account # from Fremont. I wonder way that number is on the sheet?

My loan number stayed the same from when Avleo merged with Litton. My investor number is 6707832 - Just for kicks I tried googling it and nothing came up...

I am going to call Litton and see if they will tell me who my investor is..

[MomOf1]

Originally Posted by nitag

Momof1 I know that Litton has said and I was told that there was a delay in the mailings of the documents. They have a third party that types them up and mails them out, I don't know, maybe they didn't tell the 3rd party not to mail them. Were you denied after you were told you were preapproved? I would call the number they gave to you and see what they said. Or try calling the ERT number at 713-218-4592 and see if they know anything.

Yes I was told about two weeks after I sent back the "workout plan" documents and my check that my modification was being denied. Yet when I call to ask why and what my mortgage payment should be they give me the new workoutplan mortgage number.

I think I will try the ERT line again and see were I get. The last itme I called them they transferred me right away.

[nitag]

Someone posted a number for the Loss Mitigation manager, try calling that and see what happens....

[aprilware2]

my investor is wells fargo I hope I get my final mod

[ruthless4now]

I am so new to this. What caught my eye to this particular blog was the word Litton. I have been trying to get litton to modify my loan and to no avail. This forum has so many information, I just don't know where to start. All the blogs I have read of Litton has been very discouraging. I tried to apply for a loan modification about 5 months ago and was denied. Everything I have read about people's experience with Litton, has happened to me. Please Give me some sort of advise in proceeding with another request for a loan modification.

[MomOf1]

Originally Posted by ruthless4now

I am so new to this. What caught my eye to this particular blog was the word Litton. I have been trying to get litton to modify my loan and to no avail. This forum has so many information, I just don't know where to start. All the blogs I have read of Litton has been very discouraging. I tried to apply for a loan modification about 5 months ago and was denied. Everything I have read about people's experience with Litton, has happened to me. Please Give me some sort of advise in proceeding with another request for a loan modification.

Hi Ruthless, I feel your pain. My modification process with Litton has been going on for 7 months.

I stumbled upon this blog a couple of weeks ago and it has been a life saver....no more dealing with the Loss Mitigation Department at Litton who jacked me around for months on end.


My first attempt this way met with denial again (they had input some numbers wrong) I just sent an e-mail yesterday to all of the following people asking them to reconsider based on the wrong information and had a call within a few hours, they are reworking the numbers and while not guaranteeing anything at least they are working on a resolution and are having it expedited.

This is the executive team number that *** has posted

Litton Loan
Executive Resolution Team
Direct: 1-713-218-4592
Fax: 1-713-966-8852


Best of luck to you!

[ruthless4now]

Thank you for the email addresses. I will get everything in order and email them some time today. a great deal of weight have been lifted of my shoudlers, knowing that there are people out there who have succeeded with Litton. I have been given hope.

[ruthless4now]

Momof1,
are you going for the government approved modification or an in house modification?

[MomOf1]

Originally Posted by ruthless4now

Momof1,
are you going for the government approved modification or an in house modification?

It is my understanding that Litton does not use the government modification, but supposedly mirror's it. What this means to you is that you will not be receiving the benefit's of the government mod (i.e. $5,000 towards prinicipal and $1,000 every year to put towards principle)

Bummer.

[nitag]

You are correct Momof1, Litton's investors wouldn't sign on for the Obama plan so they are following the guidelines but no money as an incentive is what I was told. Mom, I can't remember did you say you are in the trial mod with Litton?

[ruthless4now]

Thanks for the info. I will update you on the process. It is so hard because I live in California and by the time I get off work, LItton is closed. I will however gather all my paper work this weekend and start emailing them through the proper channels. I was able to get some email address through another thread.

[MomOf1]

[quote=ruthless4now;97386]Thanks for the info. I will update you on the process. It is so hard because I live in California and by the time I get off work, LItton is closed. I will however gather all my paper work this weekend and start emailing them through the proper channels.

[MomOf1]

Originally Posted by nitag

You are correct Momof1, Litton's investors wouldn't sign on for the Obama plan so they are following the guidelines but no money as an incentive is what I was told. Mom, I can't remember did you say you are in the trial mod with Litton?

I was in a trial mod with Litton and then they denied it because they said I make too much money. So I have asked them to reconsider the modification.

It turns out that what is hurting me is that this year my company gave a bonus (it is strictly discretionairy - which means next year I may not get one) and Litton was factoring that in which made a significant increase to my monthly salary. When I explained that it was discretionary they said that they would re-look at my modification.

Please note that when determining a mod they will only give you one if your mortgage payment is more than 31% of your monthly salary. The thing that bums me out is that they do not factor in your second at all. If that was taken into account I would be way over the 31%.

Wish you luck with your mod.

[aprilware2]

I called litton today and I was told my permenant modification will be sent out on July 1,2009.My trial mod payment will stay the same for 5 years and then be capped off at and fixed rate of the market at tat time no higher then 4% for the life of the loan. Trial payment is 735 from 1581.

[MomOf1]

Originally Posted by aprilware2

I called litton today and I was told my permenant modification will be sent out on July 1,2009.My trial mod payment will stay the same for 5 years and then be capped off at and fixed rate of the market at tat time no higher then 4% for the life of the loan. Trial payment is 735 from 1581.

Woohoo.....I am a little jealous. Still waiting to hear on mine.

[nitag]

Originally Posted by MomOf1

Woohoo.....I am a little jealous. Still waiting to hear on mine.

Yeah.. I'm glad for you.. I'm making my 2nd trial mod payment tomorrow.. Apparently I have a demand date of July 2nd and I need to make my payment ASAP or they can't accept it.. So my warning to everyone is to see if there is a demand date..

[aprilware2]

NITAG , Yes my demand date is JUly 1st. I made my payment last friday. Also on june 1st when i made my payment i did it adding a few more dollars. When I talked to a rep before i made july payment they told me to make the exact trial payment no more or less. Due to they might no modify it if they see extra money. So when i made july's payment it was to the penny of my trial mod amount.

[nitag]

April, I was told the same thing, make only the requested trial payment and no more or they might not do the mod. How did you make your payment? I was going to Western union mine but they said I can now do a phone payment since my paperwork does not say it has to be certified funds or western union. I am actually planning on making my payment today as soon as I get to work. Also, last question, are payments still showing as Forbearance/Suspence?

[aprilware2]

nitag, I always do western union. Now with june and july paid it shows now I paid march mortgage payment yes it was held in forberence at first.

[nitag]

How long after you do western union does it take to show it posted to your account? I usually pay online but they said they would be afraid it would not be credited properly if I did that so she recommended I pay directly through them...