Loss Mitigation Blog

People across country are facing foreclosure due to the stressful financial conditions now a days. However keeping up with the government's loss mitigation plans Litton Loan is offering assistance to help people avoid foreclosure. Litton has several loss mitigation options including:
Loan Modification / Mortgage Modification
Short Sale
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Litton Loss mitigation Department:
Doing it Yourself:
Login to your account on Litton website
Complete the Financial Information Form
Sit back and wait, you will hear from the Litton's Loss Mitigation Department if & when your application is approved.

Well as you can imagine this will take. I dont have any personal experience with it in case you want to know how much time it will take.

Contact Litton Loan Servicing Loss Mitigation Department
However you can contact the Litton's Loss Mitigation Department yourself. Here are the contact details:

Phone: (800) 999-8501 (Discuss your current financial situation)
Availability:
Monday: 8 a.m. to 7 p.m.
Tuesday to Thursday: 8 a.m. to 8 p.m.
Friday: 9 a.m. to 5 p.m.
Saturday: 8 a.m. to 12 p.m.
(All CST)
~ :) Yup strange timings.

Additional Help:
You can find many attorneys or real estate agents who will make you believe that the only right option is to come running to them in return for 'paid' help. But be a better judge of the situation. In fact HUD has authorized several no-profit organizations across country for counseling people under financial distress. You can call them at (800) 569-4287

You can also contact HOPE NOW Alliance. It is a nationwide collaboration among mortgage servicers and nonprofit counseling organizations to help homeowners avoid foreclosure. Litton Loan's Loss Mitigation Department is a member of the Hope Now Alliance.
Call (888) 995-HOPE to speak to a HOPE NOW housing counselor or visit www.hopenow.com.

Loss Mitigation Options:
Know more about the various loss mitigation options being talked about now a days for avoiding foreclosure:
Loan Modification
Mortgage Modification
Short Sale
Partial Claim
Deed in Lieu

Let me know your experiences with Litton Loss Mitigation Department or any view you may have....

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