I'd no thought my mortgage had actually been offered to Litton Loans. For individuals who genuinely believe that Litton Loans only goals individuals with poor credit and/or low-income, reconsider. Nothing chilly be further in the reality. I purchased my house in Lake Havasu, Arizona. Our house is evaluated for $1,400, 000.00. I bought my house at 100% loan-to-value. No outofpocket costs what-so-actually, since my credit and bank balances might help financing at 100%LTV. Our mortgage business went broke and sold-out my mortgage to Litton Loans. Our home was foreclosed on by Litton Loans, and that I had no idea who they actually were. I just owed Litton Loans $680,000.00, nevertheless to buy my house back, I'd to pay for Litton Loans $900,000.00. Thats right, I'd to pay for $220,000.00 significantly more than I owed about the home to be able to purchase it back. I've declined to leave the home, consequently Litton Loans seems as if they are able to warrant the extra $220,000.00 I had been billed. Which was just a couple of of days before.
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