I signed a contract to buy a property that was being foreclosed. The seller had been told by Litton that if he got a contract on the house to them by the close of business on June 6 that he could sale the house.
This would prevent the home from being foreclosed on and thus keep a negative mark from off of his credit report. I provided everything asked of me by his realtor, from the earnest money to a pre-approval letter from my bank.
Litton broke the law by not following the law of the state of Texas. It is amazing that this company can get away with this kind of business practice.
I was told by the seller's agent that the home had been sold on Tuesday the 6th of June, which is not what the seller said that Litton had told him. He was told by Litton Mortgage that if he had a contract signed and to them on this day, that it would prevent any foreclosure proceedings.
When the seller's agent contacted me about what was going on, I immediately started researching this company. I now find out that this is common practice with them.
Since I have a signed contract in hand. I believe I have some buyer's equity in the home and believe that this property rightfully belong to me.
Litton Loan Services has been allowed to take advantage of African Americans long enough but not this time. Please someone, help me stop this predatory lender from stealing my home and destroying the sellers name.
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