Short Sale Report - Litton
Short Sale Report
| Avg. Days NOD to NTS | Avg. Days NTS to Auction | Total Avg. Days in Foreclosure | Commissions | Comments |
| n/a | n/a | n/a | 5% | 3 |
BREAKING NEWS Litton has now been acquired by Ocwen. Policies and processes may be changing. http://www.dsnews.com/articles/goldman-sachs-sells-litton-servicing-arm-to-ocwen-2011-06-06
They are using Titanium Solutions to contact homeowners. (Titanium Solutions is the leading provider of homeowner contacting and counseling services. www.titaniuminc.com Litton is relatively easy to work with and reasonable in their demands. They do not appear to be inundate with files at present. Given the attitude of Litton management towards foreclosure avoidance programs, Litton is a servicer to watch going forward. The bet here is that before this cycle is over Litton will be one of the easier servicers to work with.
Litton update. An example of Litton's attitude. We hear that Litton has said they were willing, as a senior lien holder, to allow as much as 10 cents on the dollar to junior lien holders. That was until they discovered most of the major servicers were more than willing to accept the 10 cents, but were not the least bit interested in reciprocating. The process seems to punish progressive thought at every turn. Nonetheless, hat's off to Litton for trying.
Contact Info: Loan Servicing & Collections: 800-247-9727 Loss Mitigation Phone: 800-999-8501 or (800) 548-8665 Loss Mitigation Fax: (713) 966-8820 https://www.littonloan.com/fin_info1.asp
Comments
Hello,
So you are calling thousands of folks LIARS? Litton is one of the Biggest Legal LOAN SHARKS out there today. I have stopped fighting them, they win, they can have my teenie tiny over inflated house. I can NOT afford to supprt the house of Litton. I am sure Karma will catch up to Litton sooner or later!
Litton Loan Servicing is hands down the easiest lender to work with for short sales. I am a Realtor in Southern Cal, and I listed and sold a house in Azusa in 29 days. They gave me an approved purchase price in 7 business days.
I have to agree -- Litton was very responsive to me on my SS with them. They are one of the few I have worked with that will actually conduct business via email vice fax. They wrote off over 300K and allowed the sale to go forward even aftr learning of state and federal tax liens they gave me extensions to work those out. I don't want them for family but they weren't all that bad to work with:)
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