Litton Loan

[Cojo2800]

Well my story is a long one but i will be as short as possible.last year on january 17 i hurt my back and went through workers comp,let go from my job,and now on long term disiblity...thank god for ltd,back in the middle of last year was placed with litton loans,at this time didnt know about modifications, and tried keeping up with my payments(at this time im one payment behind with over 1200.00 in fees)in january i was talking to my buddy and he also had been changed too litton.he told me he was in the process of a loan modification,so i called and was pre approved over the phone and felt instant relief,they sent me the paperwork and i filled it all out and faxed all the paperwork back,at this time they told me it could take up to 90 days,so the waiting began,every couple of weeks i called them for a update and was given the run around so in febuary i had enough and called and asked for a supervisor and he gave me the run around(they are still working on it)well in march i was sent this form stating i had to send tax form request and another form,so i filled them out and faxed them back,the day i faxed them back i called and spoke with the nicest guy ever(for once in many,many phone calls...lol)he told me my loan mod had 6 stages and i was in the 5th,that the paperwork was being processed by workers and laywers so it would be a couple of weeks,so i waited until yesterday too call(104 days total)i was being given the run around,so i asked for a supervisor,he began to tell me they had put in a new system and the papers i sent out at the end of march were put in the new system on april 16 and i would have too start all over again but he said it would benifit me and my loan and the total process was going to be cut down too a month,i was so pissed it wasnt funny why would they not call me and tell me that or mail a letter out stating i had to go through it all over again,my bills exceed my income and i cant get a job because of my permnant light duty restrictions,i dont know what to do my credit is shot,im at my wits ends,should i try to find someone who can refinance me ? I really dont know what to do i wanted to tell them off,but i have 2 kids and a wife and i have spent 10 years putting upgrades in my house...if anyone has any advice ...please help!!!! Sorry if i misspelled anything

[Moe Bedard]

Hi Cojo2800,


Welcome to the forum and thank you for joining..........


The modification given will be up to the investor on your loan.........since the process is already started with Litton.............you can follow up with the executive team to check on your file for an update on your modification............
Litton executive team
1-713-218-4592



If this is the only property that you own and you need some help going through the process instead of on your own.............you can try NACA..they are a HUD approved counseling agency and the services for their Home Save modification are free............here is the link........
https://www.naca.com/refinance/refinanceTenStep.jsp

[nitag]

HI and welcome to Loansafe... I am also trying for a loan mod with Litton and am a month behind as well.

I was told the same thing, its a step program, new system, however I think they are doing the best they can given the situation, there are hundreds of thousands of us, you're not alone.

Your best bet is to the ERT Dept at the number *** posted above, for follow ups.

I call once a week.. Today I was told that my BPO was complete and my file is under "consideration" "review" all that good stuff. That I should be getting a packet with what can be done.

Just be patient take a deep breath and know you're not alone in this...

nitag

[Cojo2800]

Thanks for welcoming me! I have a couple ?s, what is it that nada does? and nitag have you already sent all the paperwork in? I have done everything they told me to do and was told i was at the end and now they are saying i have to do it all over again.Is that what they told you?

[Moe Bedard]

All of the information about NACA is in the link I posted above for you..........they are a HUD approved counseling agency and the services for their Home Save modification are free..

[nitag]

Cojo,

I faxed my stuff a month ago.. They had me wait until April and I faxed them April 6th I believe when the new system was up and being used. I was told last week and today that I should be getting a packet in the mail with what they could do and should have it in 10 days and if I don't to call back.

[Cojo2800]

Well see i have been doing it since january 16th,already did big packet and other forms.but they told me the same thing but now they are saying we have to start the process all over again and i guess we all have to but you should go read complaints on consumer affairs about litton loan it will blow your mind and also make you think they are just giving a line of #@$%!

[nitag]

I've read the complaints about Litton but on the upside they all get bad reviews. I am going to be positive and hope they want to keep us in our home. My first Mod with Avelo was wonderful, lowered our payment by about $1100 a month, but do to a reduction in income we are behind.... So I am hoping with the knowledge I have learned here I will be successful once again, and if it doesn't work I am going to try NACA... I won't give up nor will I let it get to me, been there before.. Try to stay positive and focused. Just give them the info they are requesting and play the game.. Its pretty much just a game.. But please don't let it get to you.. I am sure you just have to redo it cuz of all the new forms.. That is why they had me wait till after the new system is in!!

[Cojo2800]

well i guess at this point im not very trusting of them,in march i sumitted the new forms and now i have to do this again for the third time,i going to be positive and call the number you gave me on monday and we will see if it doesnty work i will also call nada...thanks for your help im not going anywhere.

[jmchl]

I really don't have much advise that has not already been given...Just wanted to say hang in there and don't get too stressed out. We are in the same boat with Litton...It is a waiting game. Up until last week I was stressing out soooo bad it was affecting not only me but everyone me. I had to get into the right mindset. You can only do as much as you can do. The rest is up to Litton...And they know that. Try to be as nice as possible (trust me i know it is hard) to the people you talk to at Litton. It goes VERY far As for refinancing...We were unable to refinance because our house would not appraise for what we owe. Hopefully yours might!! Good luck!

[Cojo2800]

Im fine its hard sometimes but i keep my cool,it is just unbelieveable how they get away with it.i had my house appraised 1 year and 1/2 ago and it was 140000.00 and since then i replaced everything in kitchen and a new roof so it better i owe 124000.

[marilyn]

I agree with keeping your cool w/Litton. There are so many of us looking to do a loan mod and as much of a pain as it is, it's better to have to start the paperwork all over again then to be flat out told NO. At least they're working on it or TRYING TO :-). I was told not to send anymore in than I have already (4506-T, hardship letter), they asked me some questions by phone like what my utilities are, phone/cell, what my husband makes each week, and what my credit card bills are each month. I gave them a few figures as I knew them at that moment and they said that I would go into a prequalifying step that would take 2 weeks. I'm like, hey I have more bills than just that (husb pays child support..medical bills, etc) but they didn't want to hear any of that. My fear is that I won't even prequalify! So I'm going to call the ERT dept at LItton this week to see what the deal is and if I should send anything else in just to add it to my file. We had our house up for sale because we were going to have to move (couldn't find work here, found it in FL but then husb got a job here again so we could stay)-we would short sell it if we could even get an offer on it. They told us to take it off the market because you can't do a loan mod and short sale at the same time. I told them if they don't modify the loan I'm going to have to short sale so why waste time taking it off the martket and putting it back on. Either they modify the loan, the house sells by short sale or they can have it back. My credit is shot now anyway as I have not paid since the Jan pmt. If we have to move I'll need some $ to put down on a rental.
Sorry so long, just wanted to say you're not alone in the waiting game.

[nitag]

Things are moving along with my mod.. I am hoping to have an answer soon..

Come over to this thread, there is a lot of info there and all of us litton people are just keeping each other updated....

In middle of mod with Litton Loan they changed their "original" plan...HELP!!

Nitag

[JerzeeGal]

I had a mod with Litton then this Home Affordable plan came into play from no where! Another round of faxing docs.....here I come!