My loan was sold to Litton Loan Company. They have managed over the past 6 years to raise my house payment from $294.99 to $424.00. Then I made the grave mistake of having surgery, and not being able to make my payments for two months. They then send a foreclosure notice, which they send or threaten anytime you miss a payment. They then refused to accept payments of any amount unless I could send the whole amount, including all of their "fees" "late charges" etc. So this time after refusing payments from Oct. To present they filed a Foreclosure Complaint. They now say I owe attorney's fees. When I asked how much, they said they didn't know. They offered a Forebearance Note to be signed wherein I have to agree to pay $700.00 per month, which is over half of my monthly income! This would go for two years to include all of their and the attorney's fees. Again no amount for the "fees". So let's see... Lose my $70,000 home or sign the Note. Decisions, decisions. So my plan. Pay a house payment and try to sell it as quickly as possible to get away from LITTON.
CONSURMERS SHOULD HAVE A RIGHT NOT TO HAVE THEIR MORTGAGE SOLD TO WHOMEVER. Our contract with with a certain loan company and that is where it should stay instead of being put in the hands of cold, calculating money gouchers like Litton Loan Services.
We should write to our Senators, attempt to get the mortgage laws changed and put Litton Loan Services out of business.
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