Litton purchased my loan from another lender in 2000. Some months later I fell behind on my mortgage payments less the sixty days. I'm a single parent with two small children and Litton commenced foreclosure proceedings due to the amount they claimed was owed, which was incorrect in both their system and also did not match their monthly statements'. I called and wrote countless letters to Litton to understand how they had calculated these amounts and they were very incorporative and rude when I finally did talk to them.
A month later I received a foreclosure notice. Not knowing were to turn I filed for Bankruptcy Chapter 13. After three years of scheduled payments in the rears to Litton by the court, I continue to pay current mortgage payment to Litton. I thought I was done but after the completion of the Bankruptcy Chapter 13, Litton notified me that the amount they had originally calculated as monies in the rears was incorrect and that I still owe them. I submitted numerous letters and canceled checks providing proof because the amount they claimed was owed was incorrect
Shortly Litton commenced foreclosure proceedings and I was force to file for Bankruptcy a second time. During this time the housing market was doing really well, and the property was a high-end property and I therefore found a buyer, to pay enough to pay Litton off and still walk away with a substantial amount.
They stalled in providing me the payoff, and when they did provide it to the attorneys, it was $41,000 more than the amount I owed. I only found this out at closing. I contacted the Bankruptcy attorney and he indicated that I had two choices either I closed or sue Litton!!! I went ahead with the closing hoping to sue them later, I never filed a motion opposing this fraud lender that is ripping people off on their mortgages for years and gets away it.
Now for the final bombshell, Litton as a major predatory lender never provided me with a 2004 form 1098 Mortgage Interest Deduction but, reported to the IRS an amount of $3,148 for form 1098. I of course reported the correct amount of $15,233 a difference of $12,085. I received a tax notification from the IRS that I missed reported on my taxes.
It never ends when dealing with Litton Loan Servicing LP. This all seems illegal to me and wonder how they can get away with their predatory fraud process. Does anyone in the government care? I hope and prey one day they get their due day in court...
Veronica
Herndon, Virginia
U.S.A.
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