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Litton Loans / Litton Loans is a fraudulent company!

1 United States Review updated:

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.

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Comments

  • Jo
      25th of Aug, 2007
    0 Votes

    First off, just because you have good credit and a big account your still an idiot for getting a 100 loan. And why did you stop making your payments? Mortgage companies just dont pick people at random and try to take a house. All that extra money is probably the taxes/insurance you havent paid. Add legal fees and thats the extra you will pay. Just to let you know. The money Litton will lose on your house is taxable income.

  • Te
      10th of Sep, 2007
    0 Votes

    One other point know it all. The total Litton Loans claims is owed with all of the foreclosure fees, and attorneys fees is $742,500.00. If you take what they claim I owe and deduct it from what I had to pay, Litton Loans MADE a profit of $157,500.00 in an extremely SOFT MARKET. There was no insurance that I did not pay. There were no taxes I did not pay. Litton Loans did not lose a dime pal. I paid $157,500.00 over and above what I actually owed. How did Litton Loans lose anything?

  • Re
      31st of Jan, 2008
    0 Votes

    I agree with everyone on this comment board and I am so sorry to hear about all the trouble that you are all having. This is the reason I started my company. I have helped several people that have mortgages with ASC, Countrywide, and other mortgage companies that don't seem to care if they harass people or suck them dry. The comments I have heard are along the lines of trying to get blood from a stone or turnip, or something like that.

    I have a service that actually will take you out of the loop of contact with ASC, or Countrywide or whomever you have servicing your loan. All you have to do is tell me how we can help you. By that I mean, tell us what you are looking for us to do for you and we will pursue the help that you want, no matter what. We have all aspects of the mortgage business covered from being a mortgage mediation company, a title company, a real estate company, all the way to having access to attorneys for litigation or help to avoid foreclosure. No aspect of help is turned away.

    Let me tell you, most of the customers that I deal with have told me about the fear and the frustration of working with mortgage companies that don't seem to care or give them the runaround. To be totally fair, mortgage companies have their ways of dealing with people. Some are good, some are horrible. But one thing all mortgage companies love is being vague. When they are vague, they don't have to give you information until you ASK for it. How does that help you? How can you try to save your home if you don't know how to ask the right questions?

    That’s another reason why I created this company. I take your number out of their "system". When they mail you something, it goes to me. I take the burden away from you so you can live your life without the phone calls and the letters. And the rudeness!!! Oh, man, if I told you some of the stories I have heard....let's just say, it’s not pretty.

    I know that some people are going to look at this comment and go, this guy is trying to drum up business. Well, you're right. But here's the kicker. I used to work in mortgage collections. I used to make the phone calls and send the letters. I used to work around the people that make your lives hell. And I kept asking myself, why? Why are these people not being told about the help that’s readily available? Why are these people not being helped to make payment arrangements that are realistic? Why does this company care more about the money than about customer service when that is supposed to be their primary objective?

    That's why I got out. I can not stand collections. Just because they are hiding behind a company name they think that they can say anything or act anyway they like with the customers, being friendly with one and the next 40-50 they can treat like crap. Where is the customer service?

    I take all that frustration away from you and create solutions that work. I know that it may be hard to swallow, but I do. I have done it for several people. And I can do it for you too. If you want more specifics or just want to talk to me, call my office at 888-453-1518 and check out the website, which is being updated with a few new options available. And this isn't just for people facing foreclosure, people that are current and want to pay off their home early, call me. I can and will help as many people as I am able to. What have you got to lose? Website address is http://www.onlybusiness.com/members/RealtyMediationService...and if not for you, best of luck. In all your endeavors.

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