Litton Loan Mod .. Starting Trial Period.. - Page 4 - Loan Modification Forum

aprilware2 · 09-04-2009, 03:14 AM

I found out that I was approved YEAHHHHHHHH AND it was an error on LITTON part. NOW just waitn on paperwork. I talked to Mr. Crow also he is working on the error. NOW I can breath. I not gonna be completely ok till I recieve the modification in the palm of my HAND

aprilware2 · 09-04-2009, 04:24 AM

Quote:

Originally Posted by davadad

Can I ask who the investor is that approved your MOD for Litton????

Have u heard anything about you perm mod yet?

nitag · 09-05-2009, 10:35 AM

Quote:

Originally Posted by 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!

I got the 5 yrs plan from litton as well.. 2% for 5 yrs, then 1% increase and I'll cap at 5.13%.. Hoping for increase in wages in 5 yrs...

aprilware2 · 09-05-2009, 01:47 PM

Quote:

Originally Posted by nitag

I got the 5 yrs plan from litton as well.. 2% for 5 yrs, then 1% increase and I'll cap at 5.13%.. Hoping for increase in wages in 5 yrs...

Nitag did you recieve the perm mod in the mail or you was told that verbally

so-cal-gal · 09-05-2009, 05:37 PM

Are you getting an 'in-house' mod or is this a HAMP modification (if you know)?

nitag · 09-05-2009, 09:33 PM

When I applied in April Litton had not signed on. It's in house but mirrors the HAMP mods. My mod is complete. I was told that since it's not the HAMP mod if I can't afford the payment after 5 yrs I can reapply at that time.

Buskerfellow · 10-04-2009, 06:22 AM

update. after receiving the trial mod, we now have a court date of monday as the foreclosure is proceeding....................

baileys dad · 10-04-2009, 08:27 AM

Busker,

Don't quite understand...I was told that all foreclosure action would be put on hold while they were working out the trial mod.
So have you completed the trial mod and are now waiting for the final modification OR did you not receive the final mod?

Thanks

Buskerfellow · 10-04-2009, 11:04 AM

Bailey's Dad,

We sent the fiirst trial payment in on 9/25, (it was due 10/1) along with 2 signed modification packages I also spoke to Litton on 9/14 to confirm that all paperwork was in order. On Litton loan.com there is a mesaage to me that paperwork is still needed. Now we find that the court date is monday.

09-04-2009, 03:14 AM	#76 (permalink)
aprilware2 Senior Member Join Date: Jun 2009 Posts: 128 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. I found out that I was approved YEAHHHHHHHH AND it was an error on LITTON part. NOW just waitn on paperwork. I talked to Mr. Crow also he is working on the error. NOW I can breath. I not gonna be completely ok till I recieve the modification in the palm of my HAND

09-05-2009, 05:37 PM	#80 (permalink)
so-cal-gal Senior Member Join Date: Jul 2009 Location: San Diego, CA Posts: 458 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. Are you getting an 'in-house' mod or is this a HAMP modification (if you know)?

09-05-2009, 09:33 PM	#81 (permalink)
nitag Senior Member Join Date: Jan 2008 Location: Stagecoach, NV Posts: 632 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. When I applied in April Litton had not signed on. It's in house but mirrors the HAMP mods. My mod is complete. I was told that since it's not the HAMP mod if I can't afford the payment after 5 yrs I can reapply at that time.

10-04-2009, 06:22 AM	#82 (permalink)
Buskerfellow Member Join Date: Feb 2009 Posts: 24 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. update. after receiving the trial mod, we now have a court date of monday as the foreclosure is proceeding....................

10-04-2009, 08:27 AM	#83 (permalink)
baileys dad Senior Member Join Date: Feb 2009 Location: Santa Cruz, Ca!!!! Posts: 263 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. Busker, Don't quite understand...I was told that all foreclosure action would be put on hold while they were working out the trial mod. So have you completed the trial mod and are now waiting for the final modification OR did you not receive the final mod? Thanks

10-04-2009, 11:04 AM	#84 (permalink)
Buskerfellow Member Join Date: Feb 2009 Posts: 24 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton Loan Mod .. Starting Trial Period.. Bailey's Dad, We sent the fiirst trial payment in on 9/25, (it was due 10/1) along with 2 signed modification packages I also spoke to Litton on 9/14 to confirm that all paperwork was in order. On Litton loan.com there is a mesaage to me that paperwork is still needed. Now we find that the court date is monday.

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