I refinanced to pay off owner financier in June 2002. The broker placed us with New Century Mortgage. Within 60 days the note was sold to Deustch Bank, Morgan Stanley, Goldman Sachs, Dean Witter, and Capital I Trust. In the process the loan went from one bank or servicer to another. My husband had a severe heart attach, that left him with Congestive Heart Failure in 2005. His income was lost and I contacted the servicer who was Litton and asked for a loan modification to reduce my interest rate. We went from an ARM of 16 to 8%. The amount went from $89,000 to $112,000. In 2007 I took sick and in August 2008 I asked for a loan modification to reduce my interest to lower our house note. We went through HUD and were referred to Nova-Debt. Then Evergreen Mitigation, then Heston Law Firm, then filed bankruptcy, as Litton claimed that the investor refused to approve the loan modification, as we had one in 2006. The law said we were entitled to one a year in TX. Two years had passed before seeking the second one. We finally filed bankruptcy and paid $1700 a month from 2010 to 2011 and then my income was reduced. HUD referred us to NACA and Litton again refused us a loan modification. After I ordered a self help program and filed a Modification of Trust, Revocation of Power of Attorney, Reconveyance, and Default Notice, with only the Modification of Trust and Revocation of Power of Attorney being accepted by the county clerk\’s office, Litton then offered a loan modification. I continued with my self help work, as we could not afford an attorney. the Beneficiary filed was New Century Mortgage, who could not produce a blue ink copy of our original contract. Litton has listed Deustch Bank and Morgan Stanley as our investors, since they have removed New Century Mortgage as Beneficiary and placed the other investors named. They are now using the 2006 loan modification paper work as the contract, instead of the original contract with New Century, which when they sold the note include the investors on the 2006 contract. Now, Litton said Ocwen was my new servicer, but now that they have notified me of their intent to foreclose, they are keeping our note instead of transferring it to Ocwen. We are located in Houston, TX, county of Harris and Litton has mauled us and continue to do so. My husband is 100% Disable and both our incomes have been reduced to his $574 Disability and SSI and my income is reduced to $1500 a month, $500 less than what I was making working as an educational presenter to ISDs. Social Security reduced my husbands disability to 500, cutting his original of 1006 in half. This is why we were trying to secure a LM, to remain in our home which we have lived in 22 years.
Can we be helped?
