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Litton
Short Sale Report
| Time to Acknowledge |
Time to Approve |
Commissions | Full Release Available |
Comments |
| under 3 days | 30-45 days | 5% | yes |
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
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