Litton Loan serviced my mortgage for 7 months. 4/27/04 - 11/17/04. I made 7 monthly payments to Litton as well. When I sold my home in November Litton would not take the amount of money that was left in escrow so I could not get clear title.
I filed a motion in court to force Litton to cease pursuing me for money that was paid to a servicer (Aurora Loan Services) in 2003. Aurora told me to make payments to a modification agreement. I did, and in January my loan was not foreclosed on, but transferred to SIB Mortgage (They are no longer in business as of now 9/30/05). All arrearages and late fees were apparantly taken out if Litton received my loan with a positive escrow ($1,500.00) and a positive suspense ($664.00).
Litton has already been paid for their 7 months of service but thats not good enough for them. They went back to the time before their period and added $25,000.00 to my balance due!
Get this, without even talking to SIB or Aurora! To make things worse, by delaying the court proceedings they are in effect taking my equity at a rate of $44.31 per day.
The case was dismissed of course, how can a simple Jersey girl battle these multi million dollar conglomerates? Litton Loan Servicing, Aurora Loan Services and SIB Mortgage Co.
One thing is for sure, I will fight until the end because this is not an ethical practice and I have proof of wrongdoing.
It is the American dream to purchase a home, too bad the market is full of sharks like Litton Loan Servicing, LP.
Class action suit*class action suit* lets get them*
american people stand up for yourselves*band together*
we will win
Marixsa
Plainfield, New Jersey
U.S.A.
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