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Litton Loan Servicing

A place to discuss short sales with Litton Loan Servicing and share solutions and strategies used to get short sales approved.

Members: 91
Latest Activity: Feb 1, 2013

How To Short Sale A Home



Short Sales with Litton Loan Servicing

 

It has been our experience that Litton is one of the best lenders to work short sales with. Their approval times are very fast and their terms are very reasonable as well. We have created this group for agents and borrowers in financial hardship to discuss short sale programs with Litton Loan Servicing and also share information about the Litton Short Sale process with each other.


Litton Loan Servicing Short Sale Department Phone Numbers
800-999-8501 or 800-548-8665
Fax: 713-966-8820
General Info: 800-999-8501
LM Fax: 972-653-6322
LM Fax 2: 972-653-3333
Short Sale Dept: 800-999-8501, ext. 8540
HAFA Phone: 800-247-9727
HAFA Fax: 713-793-4923
www.littonloan.com

 

Share your experiences with short sales with Litton Loan Servicing below

Discussion Forum

Litton Loans BK

Started by Sara Pichelmann. Last reply by Larry Hollingsworth Dec 30, 2011. 4 Replies

Does anyone have a contact for Litton, I have an approval but the 2nd lien holder wants additional funds. Since I submitted the requestto Litton they are saying it may now take months for a…Continue

Families in bankruptcy (not including the house) and a Litton Short Sale

Started by Angie Stephens Oct 14, 2010. 0 Replies

Has anyone had the experience of closing a short sale for a borrower of Litton's when there is a bankruptcy?  My clients are making regular payments toward their bankruptcy (which did NOT include the…Continue

Litton as 2nd to Short Sale

Started by Cindy Billman, CDPE, SFR Sep 10, 2010. 0 Replies

Does anyone know how quickly Litton approves a short sale when they are in 2nd position?Continue

Litton has statements in their approval letter that leave things wide open for seller.

Started by Dawn Rupersburg. Last reply by Dawn Rupersburg Aug 27, 2010. 9 Replies

I was surprised to see how many great comments there were about Litton.  Yes, their fast but how many of you read those approval letters?  My approval letter leaves the seller wide open for all kinds…Continue

Comment Wall

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Comment by Scott Burrage, CFS HRC on May 14, 2010 at 6:46pm
I know Mike... I got approval in record time and was figuring on closing in 5 days with an all cash offer, now this atty has blocked that from happening... we will never get the doc he is requesting since I believe it to be on file with the SEC and am told it is unattainable...
Comment by Mike Linkenauger on May 14, 2010 at 5:51pm
Actually, they are one of my very favorite lenders to work short sales with in general! Litton short sales in general go smoothly
Comment by Scott Burrage, CFS HRC on May 14, 2010 at 3:58pm
Has anyone had this issue closing Litton Short Sales?
ROBERT F. SMITH

May 13, 2010

Dear Atty.:
As a follow-up to our telephone conversation today, I am writing to advise you where we stand in my opinion.
The current outstanding mortgage was given to MERS and is recorded. The mortgage was assigned by document to US Bank,
the current holder of the mortgage.
US Bank did grant a power of attorney to Litton Loan Servicing LLP authorizing it to act on behalf US Bank in certain mortgage situations. That power of attorney is recorded. Unfortunately, the powers granted in the power of attorney do not allow Litton Loan Servicing to agree to short sales.
Without written confirmation of the authority of Litton Loan Servicing to act, I am unwilling to rely on the Approval Letter and close without a mortgage discharge in hand. When I tried to speak with parties at both of the servicing company and at the bank, I was dismissed because I did not have written authorization to speak with anyone about the account. Perhaps you will have more success. Please let me know
what documentation you can provide.
Very truly yours,
Robert F. Smith
 

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Discussion Forum

Litton Loans BK

Started by Sara Pichelmann. Last reply by Larry Hollingsworth Dec 30, 2011. 4 Replies

Litton as 2nd to Short Sale

Started by Cindy Billman, CDPE, SFR Sep 10, 2010. 0 Replies

referrals

Started by Pauline Fernandez May 25, 2010. 0 Replies

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