I've been trying to modify my mortgage with Litton since august. They said to fill out a bunch of forms for the federal loan mod program, I told them our loan amount is too high to qualify for the federal program. They said do it anyway, so i did. I have given them evey piece of documentation available (twice - they lose stuff or say they can't read it).
They put me on a trial modification for 3 months and i made all the payments ontime. The trial payment is almost $750 more a month than my regular payment (the extra is for property taxes, but they would not pay my property taxes - I had to pay them myself out of pocket). Now they say I don't qualify for the fed modification program because my loan amount is too high (which is what I told them in august). The loan officer says he does not know if they will give that $ that was supposed to be for property taxes back.
He said he will contact the investor to see if an "alternative modification" is available (only a maybe) but he wants a big lump sum of cash to consider it. I feel I am being ripped off and I need help. We have kids and both have good incomes. He is pushing me for a short sale. We want to pay, we just got behind due to medical bills. Please help us.
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