Litton offered us a loan modification, and we gratefully accepted

Contributed By Lucinda From Our Homeowners Forum at LoanSafe.org 

Hi there,

Thank you to everyone who’s contributed to this wonderful site!

If anyone has experience with Litton and their loan modification system, please chime in. Long story short, due to illness and several other abnormal expenses this year we became a good three months behind on our mortgage, in fact a bit more because I kept paying the monthly amount but I wasn’t quite able to make the past due payment. Add the costs of the lawyers and the fees and we’re about $4,000 behind.

Litton offered us a loan modification, and we gratefully accepted.

The problem was that my husband was just coming off of a short-term disability, and we had to wait three weeks after Litton wanted the initial payment for the loan mod acceptance to send it in. We let Litton and Titanium, who they’re apparently working with, know about the delay and they were cranky but said to just send the money in as soon as we had it. We did send it to them, and we attempted to pay the first month’s new payment right on time, but while they kept the initial payment they returned our mortgage payment. I called to ask why and they told me that the modification is still being processed so my house is still in foreclosure, but we’ll be notified ASAP about it. Meanwhile my home is up for Sheriff’s sale on 2/1/08.

We don’t know what to do. The loan modification is perfect for us and we thought we were all set, but we’re terrified that they’ll take our home while still processing the modification!! If anyone has any advice please let me know, thank you so much,

Lucinda