litton lon mod success - Loan Modification Forum

rsar999 · 10-30-2009, 07:59 PM

I finally got my final mod after 5 months on a trial mod. My payment went from 877 to 476. 2% interest for first 5 years then 6th year at 3 seventh year at 4 and remaining years at 5%. I have to be honest I didnt have the run around like alot of you-had to send the info twich about two months apart, never told me they didnt get it, and mod was finalized 2 days after I sent it back. Im pretty please altogether.

601galapago · 11-01-2009, 04:19 AM

..what the hell!!

happy for you.. but what the hell!

dw

davephx · 11-01-2009, 04:28 AM

This was with Litton?

rsar999 · 11-01-2009, 11:07 AM

yes it was with litton

SimonSaysSo · 11-01-2009, 11:17 AM

Quote:

Originally Posted by rsar999

I finally got my final mod after 5 months on a trial mod. My payment went from 877 to 476. 2% interest for first 5 years then 6th year at 3 seventh year at 4 and remaining years at 5%. I have to be honest I didnt have the run around like alot of you-had to send the info twich about two months apart, never told me they didnt get it, and mod was finalized 2 days after I sent it back. Im pretty please altogether.

Congratulations!!! You are the second person that I know off that got absolutely no run around. Just sent in the proper documents and bada-bing, bada-bang..... a loan mod. I do believe this is how it is supposed to work. Congratulations again.

debo0187 · 11-01-2009, 07:08 PM

Quote:

Originally Posted by simonsaysso

congratulations!!! You are the second person that i know off that got absolutely no run around. Just sent in the proper documents and bada-bing, bada-bang..... A loan mod. I do believe this is how it is supposed to work. Congratulations again.

how much were your trial payments?

litton nightmares · 11-01-2009, 09:40 PM

Congratulations! Of course, it took, how many months? FIVE? that you were on trial mod that is SUPPOSED to be completed within 90 days. Yes, they GAVE ME A TRIAL MODIFICATION RIGHT AWAY TOO. What they are NOT doing is FINALIZING MODIFICATIONS in a timely way and sorry, but 5 months isn't the way they present it at the outset. I am VERY happy for you though, if you could get Litton to give you one, when did you get it? I heard they HAD helped people consistently PRIOR to HAMP. Thanks for sharing, wish your story was true for the vast majority of us here, sadly it isn't.

litton nightmares · 11-01-2009, 09:42 PM

Did Litton have Titanium Solutions send you a brochure too? Just curious.

rsar999 · 11-01-2009, 10:02 PM

Ill try to answer all your questions

My trail payment was 746.00 my final mod payment is 476, have no idea why such a big drop.

It did take five months first trial payment was in july 1st-

no they didnt send me anything from titaniums solutions.

my mod was finalized last week. made my first paymetn of 476 on nov ist

Sunbeam · 11-01-2009, 10:17 PM

Congratulations! This is wonderful news! Enjoy your new sense of freedom and accomplishment! I love hearing good news!

litton nightmares · 11-02-2009, 06:47 AM

HI AGAIN! Thanks for the insights. I HOPE that if they ever DO get around to giving me a modification that they will DISREGARD child support, since it will discontinue within two years. They misrepresented to me during the initial call about the modification that I HAD to disclose any child support, then sent me documents stating: 1) It was at MY discretion if I used it for income or NOT and 2) If it wouldn't continue for two years it couldn't be used.

NOW they keep telling me they need an "award letter" In Ma the ONLY award letter is the order, which states "TEMPORARY ORDER" well it was written in2000 and hasn't been revisited since, nor do I intend to revisit it. My child's other parent makes LESS now than they did in 2000 so the likely outcome would be a REDUCTION. AND in my state, child support ENDS at 18-- Unless the child remains "domiciled" with a parent and dependent on them, in which case it CAN continue to age 21. WELL, hello, who knows WHAT any 18 year old will do, I can't FORCE another "adult" to live at their family home, even if I think that's a good idea. Meanwhile, because the court order does NOT specify HOW LONG the support will continue, they state they NEED DOCUMENTS INDICATING THE DURATION, lmao. WHAT FOR? You can't count it as income according to the stuff they sent and again, they wouldn't know of it, except for MISREPRESENTING that it HAD to be disclosed in the first place, grrrrrrrr

It is hopeful reading that ANYBODY has had success with them, because as you can see, you are real lucky and very atypical of MOST results. The website NOW has something called "contractual amount" and WHAT THEY WRITE IN THERE IS SEVERAL HUNDREDS MORE THAN WHAT I AM CURRENTLY PAYING. It is VERY scary dealing with Litton.

rsar999 · 11-02-2009, 10:18 AM

litton nightmares- are you using your child support as income? i mean are using that money to get your income high enough to qualify?

litton nightmares · 11-02-2009, 11:24 AM

Hi again,

I do NOT want it included as "income" because it will end in under 2 years AND because I have another source of more dependable income that should be sufficient. Also, despite the order being for ONE amount, recently it is about 50.00 shy of that, and I am not about to pursue it legally, because I have enough going on without creating the havoc of another fiasco in court over 50.00. That doesn't make the difference, be nice if the order WAS followed, but it isn't always followed. They should have said UP FRONT, "child support is included at your discretion" NOT YOU ARE REQUIRED TO TELL US ABOUT ALL INCOME, INCLUDING CHILD SUPPORT YOU ARE PAID. They already KNEW I get child support because I have had to have repayment plans in the past. I also have had some temporary part time work for the Census, that comes and goes, and isn't predictable or reliable for income purposes, but I did tell them about it, it is a FRACTION of what I made last year. I have one reliable steady source of income and that is what they ought to base the monthly payment on.

litton nightmares · 11-02-2009, 11:27 AM

The other thing bugging me is how I no longer can SEE a statement on the website and how they are saying I owe them 3,900.00 as of today, but to keep making the trial modification payments, even though the loan workout period has NOW expired. SCARY DEALING WITH THEM.

nitag · 11-02-2009, 01:21 PM

I'm just waiting for my online acct to update. Litton said 10 to 15 days.. My mod is complete.. I hate that i can't see where all my money is.. I have no transaction history, no escrow history.. Nothing.. I am glad this is all over.. I'm very happy with my modification..

rsar999 · 11-02-2009, 05:58 PM

nitag- not to freak you out or anything, but my online account updated 3 days after I sent it back. all the new info, and I can see my escrow history , transaction history, Im not sure why yours would take so long-thats wierd.

rsar999 · 11-02-2009, 06:03 PM

litton nightmares-

I too could not see a statement, and my history was like that two, all my info undated 3 days after I sent the final mod papers back.

Also my final mod papers state child support and alimony need not be declared if I didnt want to use it as income, so I dont know why there giving you a hard time.

I live in florida, and my house was not in forclosure, I was just 2 payments behind. I dont know if eithers of those facts made a difference but I do know in some states the lender can forclose without going to court. here in florida they cant.

nitag · 11-02-2009, 06:55 PM

Quote:

Originally Posted by rsar999

nitag- not to freak you out or anything, but my online account updated 3 days after I sent it back. all the new info, and I can see my escrow history , transaction history, Im not sure why yours would take so long-thats wierd.

Since they only received it on Thursday afternoon about 4pm tx time I would think Wed it should be updated then..

It has been recorded as of today with my county.. So I'm not worried at all.. It's just a process...

aprilware2 · 11-03-2009, 01:49 PM

Quote:

Originally Posted by nitag

Since they only received it on Thursday afternoon about 4pm tx time I would think Wed it should be updated then..

It has been recorded as of today with my county.. So I'm not worried at all.. It's just a process...

Nitag You Know what i didnt recieve an Hamp from litton It is in IN-HOUSE MODIFICATION I dont believe I will get the 5,000 off after 5 years being on time. In your paperwork say anything about the HAMP cause mine didnt.

rsar999 · 11-03-2009, 01:56 PM

aprilware- mine is also an in house modification

nitag · 11-03-2009, 02:55 PM

Hi April, Yes mine is HAMP.. It does state it on the very first page.. I can't remember the exact wording but my husband found it last night. It says something about congrats you have been approved for a loan modification under the something something home affordable something like that... My online account is updated and it has been recorded with the county...

aprilware2 · 11-03-2009, 08:39 PM

Quote:

Originally Posted by nitag

Hi April, Yes mine is HAMP.. It does state it on the very first page.. I can't remember the exact wording but my husband found it last night. It says something about congrats you have been approved for a loan modification under the something something home affordable something like that... My online account is updated and it has been recorded with the county...

Well Nitag as of this point litton is sending me out another modification this week. Due to they have to recalculate it to bring my account current as of right now Im due for Sep, Oct, and Nov.For Sep and Oct I did pay my trial amount for these months but the permanant started on Sep of 902.00. Well Im happy to just keep my home really.

nitag · 11-04-2009, 06:36 AM

April did they say this is because your payment ended up being higher than your trial payment? I ended up with a cheaper payment and they also told me my new principal balance would be 366,000 but it's 364,000 - It appears that I am all current and the website says I am not due to make a payment till 12/1 - another thing that appears to have a lot more money in it then they said is the escrow account.. Like you said, I as well am just happy to keep my home...

aprilware2 · 11-04-2009, 07:49 AM

Quote:

Originally Posted by nitag

April did they say this is because your payment ended up being higher than your trial payment? I ended up with a cheaper payment and they also told me my new principal balance would be 366,000 but it's 364,000 - It appears that I am all current and the website says I am not due to make a payment till 12/1 - another thing that appears to have a lot more money in it then they said is the escrow account.. Like you said, I as well am just happy to keep my home...

No nitag it wasnt due to my payment ended up being higher then my trial payment. Litton miscalculated my income thats why its higher than my trial payment. I been sent in a request to litton so they can correct my income but was unsuccessful they still say i bring home 2900.00 a month and its wrong i bring home 2368 before taxes.Now online they put my old terms back up during them doing me another perm modification.

nitag · 11-04-2009, 08:13 AM

so april you are starting with another trial mod??

10-30-2009, 07:59 PM	#1 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	litton lon mod success I finally got my final mod after 5 months on a trial mod. My payment went from 877 to 476. 2% interest for first 5 years then 6th year at 3 seventh year at 4 and remaining years at 5%. I have to be honest I didnt have the run around like alot of you-had to send the info twich about two months apart, never told me they didnt get it, and mod was finalized 2 days after I sent it back. Im pretty please altogether.

11-01-2009, 04:19 AM	#2 (permalink)
601galapago Member Join Date: Aug 2009 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success ..what the hell!! happy for you.. but what the hell! dw

11-01-2009, 04:28 AM	#3 (permalink)
davephx Senior Member Join Date: Jul 2009 Posts: 1,143 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success This was with Litton?

11-01-2009, 11:07 AM	#4 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success yes it was with litton

11-01-2009, 09:40 PM	#7 (permalink)
litton nightmares Member Join Date: Oct 2009 Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success Congratulations! Of course, it took, how many months? FIVE? that you were on trial mod that is SUPPOSED to be completed within 90 days. Yes, they GAVE ME A TRIAL MODIFICATION RIGHT AWAY TOO. What they are NOT doing is FINALIZING MODIFICATIONS in a timely way and sorry, but 5 months isn't the way they present it at the outset. I am VERY happy for you though, if you could get Litton to give you one, when did you get it? I heard they HAD helped people consistently PRIOR to HAMP. Thanks for sharing, wish your story was true for the vast majority of us here, sadly it isn't.

11-01-2009, 09:42 PM	#8 (permalink)
litton nightmares Member Join Date: Oct 2009 Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success Did Litton have Titanium Solutions send you a brochure too? Just curious.

11-01-2009, 10:02 PM	#9 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success Ill try to answer all your questions My trail payment was 746.00 my final mod payment is 476, have no idea why such a big drop. It did take five months first trial payment was in july 1st- no they didnt send me anything from titaniums solutions. my mod was finalized last week. made my first paymetn of 476 on nov ist

11-01-2009, 10:17 PM	#10 (permalink)
Sunbeam Senior Member Join Date: Feb 2009 Location: N. California Posts: 293 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success Congratulations! This is wonderful news! Enjoy your new sense of freedom and accomplishment! I love hearing good news!

11-02-2009, 06:47 AM	#11 (permalink)
litton nightmares Member Join Date: Oct 2009 Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success HI AGAIN! Thanks for the insights. I HOPE that if they ever DO get around to giving me a modification that they will DISREGARD child support, since it will discontinue within two years. They misrepresented to me during the initial call about the modification that I HAD to disclose any child support, then sent me documents stating: 1) It was at MY discretion if I used it for income or NOT and 2) If it wouldn't continue for two years it couldn't be used. NOW they keep telling me they need an "award letter" In Ma the ONLY award letter is the order, which states "TEMPORARY ORDER" well it was written in2000 and hasn't been revisited since, nor do I intend to revisit it. My child's other parent makes LESS now than they did in 2000 so the likely outcome would be a REDUCTION. AND in my state, child support ENDS at 18-- Unless the child remains "domiciled" with a parent and dependent on them, in which case it CAN continue to age 21. WELL, hello, who knows WHAT any 18 year old will do, I can't FORCE another "adult" to live at their family home, even if I think that's a good idea. Meanwhile, because the court order does NOT specify HOW LONG the support will continue, they state they NEED DOCUMENTS INDICATING THE DURATION, lmao. WHAT FOR? You can't count it as income according to the stuff they sent and again, they wouldn't know of it, except for MISREPRESENTING that it HAD to be disclosed in the first place, grrrrrrrr It is hopeful reading that ANYBODY has had success with them, because as you can see, you are real lucky and very atypical of MOST results. The website NOW has something called "contractual amount" and WHAT THEY WRITE IN THERE IS SEVERAL HUNDREDS MORE THAN WHAT I AM CURRENTLY PAYING. It is VERY scary dealing with Litton.

11-02-2009, 10:18 AM	#12 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success litton nightmares- are you using your child support as income? i mean are using that money to get your income high enough to qualify?

11-02-2009, 11:24 AM	#13 (permalink)
litton nightmares Member Join Date: Oct 2009 Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success Hi again, I do NOT want it included as "income" because it will end in under 2 years AND because I have another source of more dependable income that should be sufficient. Also, despite the order being for ONE amount, recently it is about 50.00 shy of that, and I am not about to pursue it legally, because I have enough going on without creating the havoc of another fiasco in court over 50.00. That doesn't make the difference, be nice if the order WAS followed, but it isn't always followed. They should have said UP FRONT, "child support is included at your discretion" NOT YOU ARE REQUIRED TO TELL US ABOUT ALL INCOME, INCLUDING CHILD SUPPORT YOU ARE PAID. They already KNEW I get child support because I have had to have repayment plans in the past. I also have had some temporary part time work for the Census, that comes and goes, and isn't predictable or reliable for income purposes, but I did tell them about it, it is a FRACTION of what I made last year. I have one reliable steady source of income and that is what they ought to base the monthly payment on.

11-02-2009, 11:27 AM	#14 (permalink)
litton nightmares Member Join Date: Oct 2009 Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success The other thing bugging me is how I no longer can SEE a statement on the website and how they are saying I owe them 3,900.00 as of today, but to keep making the trial modification payments, even though the loan workout period has NOW expired. SCARY DEALING WITH THEM.

11-02-2009, 01:21 PM	#15 (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 lon mod success I'm just waiting for my online acct to update. Litton said 10 to 15 days.. My mod is complete.. I hate that i can't see where all my money is.. I have no transaction history, no escrow history.. Nothing.. I am glad this is all over.. I'm very happy with my modification..

11-02-2009, 05:58 PM	#16 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success nitag- not to freak you out or anything, but my online account updated 3 days after I sent it back. all the new info, and I can see my escrow history , transaction history, Im not sure why yours would take so long-thats wierd.

11-02-2009, 06:03 PM	#17 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success litton nightmares- I too could not see a statement, and my history was like that two, all my info undated 3 days after I sent the final mod papers back. Also my final mod papers state child support and alimony need not be declared if I didnt want to use it as income, so I dont know why there giving you a hard time. I live in florida, and my house was not in forclosure, I was just 2 payments behind. I dont know if eithers of those facts made a difference but I do know in some states the lender can forclose without going to court. here in florida they cant.

11-03-2009, 01:56 PM	#20 (permalink)
rsar999 Senior Member Join Date: Oct 2009 Posts: 41 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: litton lon mod success aprilware- mine is also an in house modification

11-03-2009, 02:55 PM	#21 (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 lon mod success Hi April, Yes mine is HAMP.. It does state it on the very first page.. I can't remember the exact wording but my husband found it last night. It says something about congrats you have been approved for a loan modification under the something something home affordable something like that... My online account is updated and it has been recorded with the county...

11-04-2009, 06:36 AM	#23 (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 lon mod success April did they say this is because your payment ended up being higher than your trial payment? I ended up with a cheaper payment and they also told me my new principal balance would be 366,000 but it's 364,000 - It appears that I am all current and the website says I am not due to make a payment till 12/1 - another thing that appears to have a lot more money in it then they said is the escrow account.. Like you said, I as well am just happy to keep my home...

11-04-2009, 08:13 AM	#25 (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 lon mod success so april you are starting with another trial mod??

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