Litton - Second Loan Modification?? - Loan Modification Forum

dabar · 11-19-2008, 03:07 PM

Hi there

I just joined and wanted to inquire about something. Litton holds a second mortgage on my home (Countrywide has the first). Both agreed to load modifications earlier this year.

My commission income has dropped since that time and I am now behind 90 days in my payments. Today Countrywide conditionally approved me by phone for another modification under the new Home Retention Program, but Litton says they will not do another modification since one was already done. Has anyone else run into this type of problem? Any thoughts or possible solutions?

Moe Bedard · 11-19-2008, 04:06 PM

Hi dabar,
Welcome to the forum and thank you for joining..............

Yes this has been said on the forum before..........that the investors with Litton will only approve a modification once.

If you qualify for the CW program hopefully it will bring the relief that you need to keep your home.

dabar · 11-19-2008, 04:11 PM

Thank you, ***; I appreciate it!

11-19-2008, 03:07 PM	#1 (permalink)
dabar Junior Member Join Date: Nov 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Litton - Second Loan Modification?? Hi there I just joined and wanted to inquire about something. Litton holds a second mortgage on my home (Countrywide has the first). Both agreed to load modifications earlier this year. My commission income has dropped since that time and I am now behind 90 days in my payments. Today Countrywide conditionally approved me by phone for another modification under the new Home Retention Program, but Litton says they will not do another modification since one was already done. Has anyone else run into this type of problem? Any thoughts or possible solutions?

11-19-2008, 04:06 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton - Second Loan Modification?? Hi dabar, Welcome to the forum and thank you for joining.............. Yes this has been said on the forum before..........that the investors with Litton will only approve a modification once. If you qualify for the CW program hopefully it will bring the relief that you need to keep your home. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

11-19-2008, 04:11 PM	#3 (permalink)
dabar Junior Member Join Date: Nov 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton - Second Loan Modification?? Thank you, ***; I appreciate it!

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