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  • Report: #110817

Complaint Review: Litton

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  • Submitted: Thu, September 30, 2004
  • Updated: Thu, October 07, 2004

  • Reported By:Redmond Washington
Litton
@loopholes Something Texas Houston, Texas U.S.A.

Litton Loan Servicing ripoff Litton Loan Servicing or C-Bass: Ripoffs, Fraud, Non Compliant and foreclosure happy!Houston Texas

*Consumer Comment: Litton Loan Servicing FORECLOSURE HAPPY IS AN UNDERSTATEMENT ..Liars, thieves and murderers of the American Dream

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Well to say the least, since it's 12:30 in the morning, need to release my anger. I will be placing a lawsuit against these jerks. Story here is the same as hundreds of others out there against them. They lie and then steal from you your most important thing, your family roof. They are now starting foreclosure on us. They can not wait for my refinancing to be completed, and killed the deal by badly damaging my credit and by not accepting payments.

First the insurance issues, they tried to accelerate several times with a false insurance from Loyd's of London, which is not an insurance company in the first place. Finally my check bounce by $32.00 for making payment on my taxes, they were so nice enough to do the payment for me, they decided to jack the payments up a $1,000 extra per month, then holding the money, then to not accepting payments.

They have the nerve to call my home and harrass us, but only to ask why we have not made our payments. Finally now an attorney is handling it on their side so they can add more fees to it.

Needless to say, they are jerks on the phone and hang up on you. Needless for me to say, I am now going to place a lawsuit against them in Federal Court, A Big One!...

Lucas
Redmond, Washington
U.S.A.

This report was posted on Ripoff Report on 09/30/2004 01:10 AM and is a permanent record located here: http://www.ripoffreport.com/r/Litton/Houston-Texas-77056/Litton-Loan-Servicing-ripoff-Litton-Loan-Servicing-or-C-Bass-Ripoffs-Fraud-Non-Complian-110817. 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 Comment

Litton Loan Servicing FORECLOSURE HAPPY IS AN UNDERSTATEMENT ..Liars, thieves and murderers of the American Dream

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

"Needless to say, they are jerks on the phone and hang up on you. Needless for me to say, I am now going to place a lawsuit against them in Federal Court, A Big One!..."

Hi Lucas: have been reviewing your post and thought I would add some food for thought about not only Litton Loan Servicing but the infamous Lloyds of London.

Liars, thieves and murderers of the American Dream is an understatement for Litton Loan. Then there are their ambulance chasing attorneys, who have the stupidity to accept their client's (Litton Loan or whoever) word without investigation or a forensic audit of the facts.

We not only have Lloyds but AIG companies. But as an FYI, suggest you complain to NY Insurance Department, there was a past situation that involved not only New York State but Cole County, Missouri, 1998. Crucial to that investigation was the fact that they were financially unstable from a reinsurance point.

Since Lloyds of London is a reinsurer, they are required by New York Insurance Law to set up a reserve fund with the state of New York to underwrite any and all insurance referred to as excess (hard to place).

Here is a quotation from a letter written back in 1998 for all 50 States in lieu of the findings of a past case Transit Casualty Company; " Please ask yourselves, if some insurance company other than Lloyd's/Equitas were involved and you received the three highly qualified audit reports covering the period from September 1996 through March 1998 that have been issued in connection with Equitas (together with the other information referred to herein), what actions you would take that favor such a company. The answer is simple: you would not permit such an insurance company to operate in your state without the same type of advance payment security that the Special Master required in the Transit Casualty case. "

Note sure if this site will permit the link to the whole letter, but here it is;
http://www.truthaboutlloyds.com/litigation/tsiefertletter.html

Important to remember, Lloyds is a SYNDICATE, a term that has been applied to many Mafia style businesses.

There are currently 2 filed class actions against Litton Loan, one of the class actions in Connecticut has named the parent company of Litton Loan, C-Bass. Do your homework, there are deep pockets here, include in your research companies involved like Radian and MGIC.

Also consider, reviewing the major legal booboos that have occurred in past cases like Fairbanks, Household Finance. All of them have settled and continued to pursue the destruction of our homes and lives. Sometimes they just change their names.

Beware they are all involved with one another. Many times when they have you targeted they tend to transfer (flip) you to one of their cronies trying to confuse and make further conflicts to your problem with Litton Loan.

Also there is a current investigation by the FBI, we need to involve the IRS in this too, start writing and calling tell your story, ask questions. For example how does the forced placed insurance affect the interest and late fees percentages that accrue on your account.

What about the escrow accounts for taxes etc.? Ever wonder where all that interest goes and whose pockets get it, not ours.

You are not alone in this fight there are many personal lawsuits against Litton and many sites that offer assistance, information and a place to vent. Just do a search on Litton Loan in Yahoo, etc. Join us and together we can fight these enemies.
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