Litton Loan Servicing - Mortgate Meltdown

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Mortgate Meltdown

Nov 20, 2008

Litton Loan Servicing complaint

I have been pleading with this mortgate lender to work with me after being laid off from my job and receiving only unemployment. They have increased my mortgage from $1811.56 to $2191.42 and will increase it again in January 2009. I have been trying to get a loan modification due to my hardship and they just denied it stating that since I am only getting $1800.00 a month from my unemployment I do not qualifiy for any decrease and will be in default if I do not pay. It does not make any sense! I am pisssed.

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Comments (6)

1. Written by All you people need to keep tr, on 14-01-2009 02:30

I do not mean to be rude, but COMMEE ONN, if your mortgage goes up for no reason most of the reason is because you were being charged Lender Placed Insurance , this insurance is added to your account when the agent for your insurance company does not provide the evidence that you are payign it on your own, I see this every day and it is as simple as gettign your agent to fax over the proof and your mortgage goes back down. Also please stop blameing the economy for lay off so you got laid off, get your a## back on the horse and get any job there's always open positions for labor work SOMEWHERE, stop being lazy and whining about your house payment, can't afford it and choose to suffer that your business, don't expect people to feel sorry for you when they are workign 3 jobs to take care of their business!!1

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2. Written by Im helping my Grandma with LIT, on 01-12-2008 17:08

My grandmother currenty has Litton as her so called ("loan servicer") She originaly had her loan with another lender and was sold to litton about a year ago...She was in the same situation as most people today...work got slow which led to being layed -off. Now she had to come up with a payment that she couldnt afford at this time...Thank god i was able to start a modification for her and get her in a more affordable situation.. She had a interest rate of 7.5% and now its going to be alot lower than that...we got a program that alowed a low interest rate for a five year term and then after go to the original interested rate (which by that time she will have another lender or sell the home) if anyone has questions on how to acomplish this feel free to email Luck

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3. Written by lishab, on 24-11-2008 22:44

I find it laughable when people say mean things because certain cituations have not affected them yet. However, these same people are all for bail outs of major companies that mismanage money, spend it on $400,000.00 parties and then dispurse stocks and retirement funds. All while tax payers like all of us are funding their bail out. But homeowners who have spent years and made their lives in homes are now foreclosing on them because of lay offs and economic harships that are beyond their control. and other tax paying hard working citizens have noting to offer but harsh comments and little to no compassion. I guess we will have have fun paying for parties, expensive trips, private jets, shopping sprees, and an over all lavish lifestyle for the overly ritch. I can only hope that one day those who are careless in what they say will one day know how it feels to have people show no pitty nor mercy on something they find heartbreaking. :sigh

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4. Written by jennifer, on 24-11-2008 13:53

I can't understand how people can make so much a year and not be able to realize what they can and cannot afford ---that's bull#$%^$! You know you can't afford a hundred and fifty thousand dollar house on 35k a year!! It's one thing to lose your job but, I hope, pray, and am calling my congress so that we ain't bailing nobody out!!!

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5. Written by dotter188, on 20-11-2008 11:51

me and my wife bought a house 4 yrs ago through litton and the first 2 yrs was fine then we got a notice that our house payment was going from 505 a month to 680 a month. of course that was with no property taxes or insur included. we started to fall behind and did a modification but they still keep adding fees for the amount we was behind before the mod. when they were supose to forgive it altogether.

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6. Written by SALLY, on 20-11-2008 10:58

That's what happens when you get a loan that is not Fixed APR. Have fun with foreclosure!

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