Litton Loan Services ripoff Getting away with anything they want Houston Texas

How exactly did Litton raise your payment? Was your mortgage an ARM?

It's not uncommon for a mortgage company to demand a full payment of the amount due to avoid foreclosure proceedings. Most mortgage notes have a provision that if you default they can demand the note due. Is it the right way to treat customers who have fallen on hard times? No, but that's how the business works.

As for mortgages being sold, that's common practice. I'd love to get into an in depth explanation of how the secondary market works but I don't think I can type that much :) I don't know what the rules were when you signed your mortgage but now lender's must disclose the percentage of loans they sell so you can make an informed choice.

If you are willing to send this exact complaint, as you have it here, to the Federal Trade Commission then you will help yourself and others who are dealing with these PIRATES. All you have to do is go to www.ftc.gov, click on "FILE A COMPLAINT" in the blue bar just under the picture of the FTC building and fill out the complaint form.

The FTC will only start an investigation against Litton Loan Servicing if they are able to establish a trend of Litton's negligent and fraudulent acts. If no one files a report, then they don't have any information to go on or know that there is a problem. This is a great site for complaining or venting, but if you want to DO SOMETHING, then you certainly have those avenues open to you.

Also, you should contact the Office of the Inspector General with HUD. They are also willing to help, but they need to hear from you first.