Litton SUCCESS!!!!

[gumby101301]

Hello everyone I have just been put into foreclosure, although I sent paper work to my mtg. comp. 8 weeks ago for a modification on my loan. I would call every week to check if they had gotten my fax and no one would ever help me. Until two weeks ago someone was nice enough to help and did some research, only to tell me they had never received my fax 6 weeks earlier. She told me to re-fax all my paper work for the mod. program and I did with the fax confirmation that I got from the first time I sent the work over on 6/24 which proved I sent my paperwork to them and they received it. I was told it would now take 6 to 8 weeks for the process to take place for me to find out if I am approved or denied for the modification. Two days later I got a call that they received my paperwork and again 6-8 weeks before I hear anything, I also was making a payment on that day so he transferred me to a different department, where they told me I had just been put into foreclosure, they gave me the number of the attorney handling the foreclosure. I spoke with them and they told me it takes 8 months in the state of NJ for this process to take place. I have checked on that and that is the case. The attorneys office also told me that my modification would happen well before the foreclosure and if we were denied for the modification that they would have other alternatives for us. My question is has anyone else been in this situation, and did it actually work out?? We are three months behind on our mortgage, but my husband can take money out of his annuity to catch us up, I am afraid to do that and nothing comes of this modification, to lower our interest rate, we can not afford that payment of $2600.00 a month anymore it is just killing us and to boot I was just laid off from my job, collecting unemployment, which is next to nothing. Sorry for the long explanation just hoping I can get some answers to make this process go a little better. Oh and by the way yesterday I was told it is now going to take 60 to 90 days for me to get an answer if we are approved.

[Dan Bailey]

Hi Gumby, welcome to the forum and thanks for joining!
***, Moe or Andrewq will be by shortly to answer your specific questions.
What Company is your service provider?
(and yes, there are people who have been successful at your stage of the process...so DONT LOSE HOPE!! )

[Moe Bedard]

Hi gumby101301,


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

Who is the lender?
What is the interest rate at?
Is it fixed or adjustable?
If adjustable when is it adjusting?
Are you paying interest only or PITI?

[gumby101301]

My lender is Litton, my rate is at 9.9% fixed it was an adjustable rate. my payment is 2600.00, a $100.00 of that goes to principal the rest is all interest.

[Moe Bedard]

Thank you...........o.k............

Put your hardship letter into the body of an email along with your loan number and contact info and the runaround that you are being given, and send it to each of the email addresses below......................in addition to that contact the ER Team to see what the status of the mod is.............
This should help to get the process going a bit quicker.........
Please keep us posted on your progress.........

Executive Resolution Team
Direct: 1-713-218-4592
Fax: 1-713-966-8852


llitton@litton.C-BASS.com (CEO)
efolk@litton.C-BASS.com (CFO)
akelley@litton.C-BASS.com (Senior VP)
steven.droddy@littonloan.com (mort retention mgr)
michael.whitfield@littonloan.com (loan retention mgr)

[gumby101301]

I called the number you had given me and I was told they are almost done with coming up with a interest rate and that at this point I should not be denied. She told me the time frame is 30-45 days but mine seems to be moving faster!! Thank you so much for the information. I did as well send the emails out. Thanks again.

[Moe Bedard]

No problem...........

Good Luck with the mod!!
Please keep us updated on how it goes.........

[Dan Bailey]

Good luck Gumby! Glad you got some good info!!

[gumby101301]

Thank you so much dan

[RudyJay]

Sounds like you are paying moving forward... good luck Gumby... rj

[gumby101301]

I just wanted to thank everyone, I sent off the emails as *** advised and an hour later I received a phone call from one of the CEO'S from Litton Loan he could not have apologized more for my situation and told me my home is being taken out of foreclosure my interest rate and monthly payments would be lowered to fit our income, and thanked me for making him aware of the way I was treated and hoped this was an isolated incident that would now not happen again. So to everyone out there don't give up there's hope and help. Good Luck all and again thanks to all. He also told me he would like to have this done next week!!!!

[Moe Bedard]

That sounds GREAT!!

Please keep us posted when you hear next week.........

So happy you found us here at Loan Safe and that we were able to help!!

[gumby101301]

Originally Posted by danbailey

Good luck Gumby! Glad you got some good info!!

Thanks DAN

[gumby101301]

Originally Posted by RudyJay

Sounds like you are paying moving forward... good luck Gumby... rj

Thanks RJ so glad I found loansafe

[gumby101301]

My latest update. They have lowered my rate to 7.32 from 9.99 which have changed my payments to$1862.56 instead of $2600.00. They still have lack of communication among each other the foreclosure fees were to be removed and they told me today I would have to pay 2500 towards them which I said no way, I was told they would be waved. So long story short after having words with the original person I spoke with the fee's are being removed. Just wanted to thank everyone again. Have a great weekend.

[Moe Bedard]

gumby,


Congratulations!!


That is great news!!

Please let us know when you recieve the docs and if you have any questions on them.......

[Jerseygirl]

Wow Congrats!!! When I read stories like this with your interest being lowered I have hope!! Good luck to your family!!

[schwefls]

Kudos to you gumby, great work, party hardy you deserve it

[gumby101301]

Just an update I made my first payment last Thursday on my new modified loan $1886.00 so much better than $2600.00. And again thanks to everyone And to everyone going through these terrible times there is hope.