- Report: #195570
Report - Rebuttal - Arbitrate
Complaint Review: Litton Mortgage Company Of Texas
Litton Mortgage Company Of Texaswww.litton.com Houston, Texas U.S.A.
Litton Mortgage Company Of Texas Litton Loan Servicer prematurely foreclosed on a property that I signed a contract to purchase. Houston Texas
*Consumer Comment: Aafes...you obviously haven't dealt with Litton
*Consumer Comment: Predatory lending: Sub prime loans
*Author of original report: Incorrect comment
*REBUTTAL Individual responds: Apology
*Consumer Comment: You need more information
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This would prevent the home from being foreclosed on and thus keep a negative mark from off of his credit report. I provided everything asked of me by his realtor, from the earnest money to a pre-approval letter from my bank.
Litton broke the law by not following the law of the state of Texas. It is amazing that this company can get away with this kind of business practice.
I was told by the seller's agent that the home had been sold on Tuesday the 6th of June, which is not what the seller said that Litton had told him. He was told by Litton Mortgage that if he had a contract signed and to them on this day, that it would prevent any foreclosure proceedings.
When the seller's agent contacted me about what was going on, I immediately started researching this company. I now find out that this is common practice with them.
Since I have a signed contract in hand. I believe I have some buyer's equity in the home and believe that this property rightfully belong to me.
Litton Loan Services has been allowed to take advantage of African Americans long enough but not this time. Please someone, help me stop this predatory lender from stealing my home and destroying the sellers name.
This report was posted on Ripoff Report on 06/08/2006 11:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Litton-Mortgage-Company-Of-Texas/Houston-Texas-75061/Litton-Mortgage-Company-Of-Texas-Litton-Loan-Servicer-prematurely-foreclosed-on-a-property-195570. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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