OH, and if you are wondering..... Of Course they ARE a MERS CORP.!
Article:
WASHINGTON — Litton Loan Servicing LP is the latest mortgage company to halt some foreclosures and evictions so it can review its process for handling foreclosures.
Houston-based Litton made the disclosure Friday in an e-mail to The Associated Press. It didn't say which states are affected. The move comes as numerous lenders review whether foreclosure documents they've submitted to courts complied with state laws.
Litton, owned by Goldman Sachs Group Inc., is a mortgage servicer. It collects payments but doesn't make loans.
Four other mortgage companies — Ally Financial's GMAC Mortgage unit, PNC Financial Services Group Inc., Bank of America, and JPMorgan Chase — have announced similar moves in the past two weeks.
I, too, am a victim, I mean customer of Litton. I've been in trial mod status for 1 year. I could go on and on about my nightmare with them!
ReplyDeleteWell, Let me just say...... I hope they are given what they deserve through the Court System at some point in the (hopefully) Near future!
ReplyDeleteI had a Litton approved short sale in April. Buyer was ready and abled, the appraisal came in much lower than Litton wanted. The creeps, after dragging their feet, Litton pulled out of deal the freakin night before my sale date. Backed into a corner, I filed chpt 13 to stop sale. Now Litton wants to talk to me about a possible principle reduction. Sounds good, however my credit has a BK on it. Creeps!
ReplyDeletelitton loan is servicing my loan as well which has been in modifaication process since Dec. 2009 I found out on my own that my modifacation was denied in july 2010 after calling in september to make my payment. They did not inform me thruogh the mail or email I found out through a recording. My mortgage is current and now I am contimplating withdrawing my request for a modification. They said I did not fall into the guidelines but were not specific.
ReplyDelete