Litton Loan Mod .. Starting Trial Period..

[aprilware2]

nitag, it will show up the next day on your account.

[baileys dad]

Nita,
Make your payment via western union absolutely. It will cost you about 13.00, but it is cheap insurance. Before I had started having serious trouble, I googled Litton, and there were all kinds of complaints about people not having their payments credited. Once your trial is over, you can go back to online, but if I ever get my mod, I will use western union.

[nitag]

Thanks for the advice baileys dad, I will go to Western Union on Friday and make my payment.. I'll call Litton and let them know..

[aprilware2]

Originally Posted by nitag

thanks for the advice baileys dad, i will go to western union on friday and make my payment.. I'll call litton and let them know..

have you recieved your final mod yet?

[crazyt2009]

i made my last trial mod payment end of sept.... didnt get my final paperwork yet.. i called they said if i dont recieve them by the next payment is due to just pay the trial mod payment i been making untill i recieve them in the mail and everything is finalized..

[Buskerfellow]

Does anyone have a name and phone number of a modification representative at Litton that they recommend?

[baileys dad]

hello Busker,

The phone number to the Executive Resolution Team is 800-247-9727. When they answer, ask is it is the executive resolution, because if they are busy, you may be routed to a different dept. If you are routed to a different dept, ask to be connected to the ERT. Once there, Brenda Garza is the most helpful; Ms. Benjamin not-so-much-so, but YMMV.

Good luck

[aprilware2]

Originally Posted by crazyt2009

i made my last trial mod payment end of sept.... didnt get my final paperwork yet.. i called they said if i dont recieve them by the next payment is due to just pay the trial mod payment i been making untill i recieve them in the mail and everything is finalized..

Hey did litton tell you to make it on the 1ST of Sep only and no grace period.Cause I want to pay Sep payment 0n the 11th instead of the 1st they said it was fine.But I dont want they to say ohhh u didnt pay on the 1st and not modify my loan.

[baileys dad]

April,
Why would you not make your payment on the 1st? My paperwork says payment due on or before the first of the month.
Unless it is absolutely necessary, try to make your payment by the first and wait until you have the loan mod finalized before you start using your grace period..IMHO

[aprilware2]

Originally Posted by baileys dad

April,
Why would you not make your payment on the 1st? My paperwork says payment due on or before the first of the month.
Unless it is absolutely necessary, try to make your payment by the first and wait until you have the loan mod finalized before you start using your grace period..IMHO

Well I made all of my 3 trial payments before they was due. I dont have Sep in my paper work . Im suppose to recieve my permenant mod by Sep 1st. But litton told me if i havent recieved by sep1 to make another trial payment. I was just wondering since my kids going back to school and all. I wasnt going to pay to the 11th of Sep.You right though I should wait it i get my final paperwork

[nitag]

April I was told the same thing about my paperwork. Just to keep making the modified payment by the 1st of each month... I should now have it by Sept blah blah blah.. But like Baileys Dad said, don't use that grace period yet until it's a done deal.. Remember Litton can take it away quicker then they gave it.. In other words until its complete in the system and recorded with the county these mods are not final... Please keep me posted on your paperwork and I will do the same...

Nita

[aprilware2]

Originally Posted by nitag

April I was told the same thing about my paperwork. Just to keep making the modified payment by the 1st of each month... I should now have it by Sept blah blah blah.. But like Baileys Dad said, don't use that grace period yet until it's a done deal.. Remember Litton can take it away quicker then they gave it.. In other words until its complete in the system and recorded with the county these mods are not final... Please keep me posted on your paperwork and I will do the same...

Nita

Thanks for the advise. I will definatly pay next week.

[aprilware2]

Originally Posted by nitag

April I was told the same thing about my paperwork. Just to keep making the modified payment by the 1st of each month... I should now have it by Sept blah blah blah.. But like Baileys Dad said, don't use that grace period yet until it's a done deal.. Remember Litton can take it away quicker then they gave it.. In other words until its complete in the system and recorded with the county these mods are not final... Please keep me posted on your paperwork and I will do the same...

Nita

Hey just got off phone with litton I finished my trial of 735 for 3 months and now my new mod payment is 902.88 for 5 years and theres no cap it will go back to my current rate of 8.25% NOT 5.25% what they said it would be eventually my payments will go back to 1601.00

[nitag]

Did they say why?

[3cuttings]

April, I got bad news too. They said after reviewing both my husband and my YTD gross income and computing the monthly gross w/ their calculators, it was more than 25% increase from what the verbal gross income was stated....so now we have to start another trial mod period with a higher payment. I'm to call early next week to find out the details. We started this process in December w/ NACA and I can only think that they may have incorrectly listed our Monthly NET total vs. Gross. UGH!
I had resent our paystubs in April, and then again in August...why it took 4 months to come to this conclusion....I'm beside myself. Now it's looking like our MOD won't be finalized until December instead of 9/01.

[aprilware2]

Originally Posted by nitag

Did they say why?

No I did recieve an call from Mike craw the manger in loss mitigation he said if the current martket rate is 8.25% in five years yes it could possibly happen. But again I asked him why is it 902.88 as of Sept 1St. He just said well Im still saving 700.00 dollars a month. aint that sum bs. Well everyone expect that trial payment not going to be the payment you pay after the three months.And he said yes I can pay on the 11th Im finishe dwill the process and as soon as I pay Sep thats when litton will send out the permenat mod.

[3cuttings]

April, at least you've completed the trial period and are going permanent...they are yanking us w/ another 3-month trial process and a new higher payment TBD.

[marilyn]

I am sending in my second loan mod payment today. I am worried that when I send in my last pmt that I will be jerked around as well. No guarantee they will grant my trial mod pmt to be what it is today AND whether I get a modification or not. I feel like telling them to just take the house. An apt won't fit my family (we have too many kids to fit, all boys and one girl so we can't even double up in rooms-ugh)but I will do it if I have to. We looked into renting which may be an option. so if Litton jerks me off, they can just have the house. I feel like I am throwing away $1900 for 3 months just to find out that I either won't get the mod or they will try to stick me w/a higher payment. I'm probably going to have to file BK anyway since paying this pmt is making it so I can't make credit card pmts on some of my cards. Oh well, that's the way it is.

Anyone make the 3 trial pmts and get a loan mod permanent w/the same pmt?

[crazyt2009]

just made my 4th trial payment.. just waiting on the final paperwork to be sent out. ill keep everyone updated

[nitag]

I made my payment today.. I am still waiting for the website to be updated ect.. They said that could take time.. What else is new!!!! Marilyn I am with ya.. My husband pays 1500 a month to his ex and that is for 3 more years... It is what it is.. Based on his wages not how many kids cuz there is only 2.. When I called in to do the payment I still get the your in a trial mod yadda yadda yadda.. I don't even respond.. I cut them off and say just want to pay... Hopefully it will end soon...

[Hopefull2009]

I can only think that they may have incorrectly listed our Monthly NET total vs. Gross.

What do you get as an average when you take the YTD totals and divide by how many months? I was told this is how they differentiate between OT, bonus pay, and extras - they take the YTD earnings and divide it.

[aprilware2]

Originally Posted by Hopefull2009

What do you get as an average when you take the YTD totals and divide by how many months? I was told this is how they differentiate between OT, bonus pay, and extras - they take the YTD earnings and divide it.

I CALL LITTON ALL TIME NOW YESTERDAY WAS DENIED DO TO I MAKE ENOUGH TO PAY MY MORTGAGE. I SENT IN A PAYSUB WITH MY 400 SUPPLEMENT MY JOB GAVE ME FOR NOT GETTIN A RAISE IT WAS AN ONE TIME THING. SO MY CHECK WAS 1450 SO THEY TOKE THAT AMOUNT AND TIMES IT BY TWO FOR AN TOTAL OF 2900 A MONTH. AND USED THAT AMOUNT AS MY BRING HOME AMOUNT INSTEAD OF MY CORRECT AMOUNT I GAVE THEM IN MAY OF 2368. EVERYONE CALL LITTON TODAY THEY MADE A DECISION RIGHT ON THE 31ST FOR EVERYONE I BELIEVE .WELL I TOLD THEM THE INCOME I REPORT IN MAY WAS STILL THE SAME. I HAD TO DO MY FINANCIALS AGAIN.I BRING HOME 2100 AFTER TAXES EVERYMONTH AND HOW THE HELL CAN I PAY MY MORTGAGE OF 1600

[3cuttings]

I called the ERT and spoke to Shari Mitchell. She did not have an update for me. The last activity on our account was 8/25 when they noted the variance in gross monthly income vs verbal. She said to wait for documentation and pointed out to me that if we are denied the modification we would be responsible for paying over $7,000 in back payments. If I don't receive any documentation, I am supposed make another trial payment due by Oct 1st. Has anyone had better luck with the Loss Mitigtation dept? I normally call the Executive Resolution Team? It doesn't seem like they know anything and if you call 3X's you'll get 3 different answers!

[aprilware2]

Originally Posted by 3cuttings

I called the ERT and spoke to Shari Mitchell. She did not have an update for me. The last activity on our account was 8/25 when they noted the variance in gross monthly income vs verbal. She said to wait for documentation and pointed out to me that if we are denied the modification we would be responsible for paying over $7,000 in back payments. If I don't receive any documentation, I am supposed make another trial payment due by Oct 1st. Has anyone had better luck with the Loss Mitigtation dept? I normally call the Executive Resolution Team? It doesn't seem like they know anything and if you call 3X's you'll get 3 different answers!

well also they told me an denial letter was sent out on the 31st at 5pm aint that sum bs.

[Buskerfellow]

I have been dealing with Mike Crow of Litton Loans ERT recently. I got his name from this forum for which I am truly thankful. Prior to this I was going with NACA and nothing happened for 6 months. In a period of about a month and a with a resubmission of documents, today I was notified that my loan was eligible for modification under the HAMP guidelines. I am waiting the paperwork, but Mike informed that the new trial payment is over 50% less of what my loan payment was, and it includes taxes and insurance. this is no small matter as my loan is over $400K.

It is one of the 5 year deals and then the payment goes up 1% a year eventually reaching the going rate. At that time I hope that my income increases, home equity is restored or other....

We are celebrating tonite as it has been amost a year that we went into foreclosure!

All I can say is be patient, find the right person that can help you. this forum is a great resource and I could not have gotten where I am today without it. I wish I had the money back I spent on a useless lawyer!