• Report: #73657

Complaint Review: Litton Mortgage

  • Submitted: Mon, December 01, 2003
  • Updated: Tue, October 12, 2004

  • Reported By:prosperity South Carolina
Litton Mortgage
4828 Loop Central Dr Nationwide U.S.A.

Litton Loan Service ripoff Houston texas

*Consumer Suggestion: Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

*Consumer Suggestion: Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

*Consumer Suggestion: Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

*Consumer Suggestion: ask them who is the investor that holds the note

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on nov. 12,2003 bb&t fax request for payoff from litton loan services lp. to close on 22nd of nov. a confirmation was received for the fax we still have not gotton any responce from litton . (its dec 1 now) the bank has sent 3 other faxes requesting payoff amount. we have a pre aproved loan waiting to close. we only get automated system when calling there 800 # never a person.

This property belongs to my mother at this time and Im surposed to inherit it, but she wants to put it in my name now Ive got a loan ready to close and Im afraid now that this company is doing something elegal. please help with info thanks.

Vickie
prosperity, South Carolina
U.S.A.


This report was posted on Ripoff Report on 12/01/2003 05:40 PM and is a permanent record located here: http://www.ripoffreport.com/r/Litton-Mortgage/nationwide/Litton-Loan-Service-ripoff-Houston-texas-73657. 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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#1 Consumer Suggestion

Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

AUTHOR: Tina - (U.S.A.)

I am currently in a battle with Litton Loan Servicing.

Basic approach is to drag out in negotiations as long as possible. In doing so they eat up your equity. They will make unreasonable offers they know you cannot meet, only to take you back to the table and again, burn the clock, and your equity.

They are currently trying to take my home. When they do this they have buyers already in the wings. Who owns litton? Large bonding (insurance) companys, they sell homes like mine to make funds that assist in assuring bonds.

I have been forced to file bankruptcy to try to save my home. One tactic that is listed on the site they used against me, was to buy my back taxes and add it to my loan add more penalties and intrest. I had sent Litton a written agreement between me and the county for a payment plan the county had agreed to, but they wanted to eat up as much equity as possible, so they bought the taxes anyway. They have done to me almost everything listed on that website, and if they are dragging their feet I would be very concerend.

Let me give you an example of one of their offers they faxed to me. Before five o'clock on the day the offer was made, pay them $20,000.00 and we could resume normal payments or $8,000.00 by days end and $2,800.00 per month (regular payments $1,275.00. The payments were subject to change without notice and at anytime, as often as they deemed necssary. At anytime these pyments were not meet by cashier check or money order on the 20th (no grace period) they would have the right to take me back into foreclosure. I was looking for Gotti's signature at the bottom. Again to say they made offers, however, they have my finacials and know I could not comply and would not.

Beware!! I have a loan negotiator who told me he had a client trying to assume a loan, so his friend would not get foreclosed. Litton said they saw no problem, they would work it out. Dragging the process on until the day before foreclosue and then turned him down. Needless to say his friend lost his home.

I would like to see as many people, politicians and media, ban together to try to stop this. I am placing a complaint with HUD, who sued Fairbanks and a list of others. Feel free to email me for the list or any thing else related to this scam.

Sincerly
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#2 Consumer Suggestion

Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

AUTHOR: Tina - (U.S.A.)

I am currently in a battle with Litton Loan Servicing. In my research I went to www.msfraud.org/how they steal your homes.

Basic approach is to drag out in negotiations as long as possible. In doing so they eat up your equity. They will make unreasonable offers they know you cannot meet, only to take you back to the table and again, burn the clock, and your equity.

They are currently trying to take my home. When they do this they have buyers already in the wings. Who owns litton? Large bonding (insurance) companys, they sell homes like mine to make funds that assist in assuring bonds.

I have been forced to file bankruptcy to try to save my home. One tactic that is listed on the site they used against me, was to buy my back taxes and add it to my loan add more penalties and intrest. I had sent Litton a written agreement between me and the county for a payment plan the county had agreed to, but they wanted to eat up as much equity as possible, so they bought the taxes anyway. They have done to me almost everything listed on that website, and if they are dragging their feet I would be very concerend.

Let me give you an example of one of their offers they faxed to me. Before five o'clock on the day the offer was made, pay them $20,000.00 and we could resume normal payments or $8,000.00 by days end and $2,800.00 per month (regular payments $1,275.00. The payments were subject to change without notice and at anytime, as often as they deemed necssary. At anytime these pyments were not meet by cashier check or money order on the 20th (no grace period) they would have the right to take me back into foreclosure. i was looking for Gotti's signature at the bottom. Again to say they made offers, however they have my finacials and know I could not comply and would not.

Beware!! I have a loan negotiator who told me he had a client trying to assume a loan, so his friend would not get foreclosed. Litton said they saw no problem, they would work it out. Dragging the process on until the day before foreclosue and then turned him down. Needless to say his friend lost his home.

I would like to see as many people, politicians and media, ban together to try to stop this. i am placing a complaint with HUD, who sued Fairbanks and a list of others. Feel free to email me for the list or any thing else related to this scam.

Sincerly
Respond to this report!
What's this?

#3 Consumer Suggestion

Litton is riping off millions, Fairbanks was sued for similar paractices, we need to file a class action

AUTHOR: Tina - (U.S.A.)

I am currently in a battle with Litton Loan Servicing. In my research I went to www.msfraud.org/how they steal your homes.

Basic approach is to drag out in negotiations as long as possible. In doing so they eat up your equity. They will make unreasonable offers they know you cannot meet, only to take you back to the table and again, burn the clock, and your equity.

They are currently trying to take my home. When they do this they have buyers already in the wings. Who owns litton? Large bonding (insurance) companys, they sell homes like mine to make funds that assist in assuring bonds.

I have been forced to file bankruptcy to try to save my home. One tactic that is listed on the site they used against me, was to buy my back taxes and add it to my loan add more penalties and intrest. I had sent Litton a written agreement between me and the county for a payment plan the county had agreed to, but they wanted to eat up as much equity as possible, so they bought the taxes anyway. They have done to me almost everything listed on that website, and if they are dragging their feet I would be very concerend.

Let me give you an example of one of their offers they faxed to me. Before five o'clock on the day the offer was made, pay them $20,000.00 and we could resume normal payments or $8,000.00 by days end and $2,800.00 per month (regular payments $1,275.00. The payments were subject to change without notice and at anytime, as often as they deemed necssary. At anytime these pyments were not meet by cashier check or money order on the 20th (no grace period) they would have the right to take me back into foreclosure. i was looking for Gotti's signature at the bottom. Again to say they made offers, however they have my finacials and know I could not comply and would not.

Beware!! I have a loan negotiator who told me he had a client trying to assume a loan, so his friend would not get foreclosed. Litton said they saw no problem, they would work it out. Dragging the process on until the day before foreclosue and then turned him down. Needless to say his friend lost his home.

I would like to see as many people, politicians and media, ban together to try to stop this. i am placing a complaint with HUD, who sued Fairbanks and a list of others. Feel free to email me for the list or any thing else related to this scam.

Sincerly
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#4 Consumer Suggestion

ask them who is the investor that holds the note

AUTHOR: Rose - (U.S.A.)

In dealing with Litton Mortgage Co., I have found that they service loans, they are not the originators. You need to ask them who is the investor that holds the note, their address and phone number.
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