Litton Loans / Litton Loans is a fraudulent company!
I had no idea my loan had even been sold to Litton Loans. For those who believe that Litton Loans only targets people with bad credit and/or low income, think again. Nothing cold be farther from the truth. I bought my home in Lake Havasu, Arizona. My home is appraised for $1,400,000.00. I purchased my home at 100% loan to value. No out of pocket expenses what-so-ever, because my credit and bank accounts could support a loan at 100%LTV. My mortgage company went bankrupt and sold out my loan to Litton Loans. My house was foreclosed on by Litton Loans, and I had no clue who they even were. I only owed Litton Loans $680,000.00, however to purchase my home back, I had to pay Litton Loans $900,000.00. Thats right, I had to pay $220,000.00 more than I owed on the house in order to buy it back. I have refused to vacate the property, therefore Litton Loans feels as though they can justify the additional $220,000.00 I was charged. And this was just a couple of days ago.