How is Litton Loans different from other loan and mortgage companies?
Most loan and mortgage companies will sell your loan to someone else if you are late paying your mortgage payments, at least if youre late on a regular basis. They arent in the collections business and have no interest in being in the real estate business, so they dont want to call you or foreclose on you. Litton Loans is a mortgage company that will buy subprime mortgages from banks as a sort of lender of the last resort. They are just as interested as the bank in getting your money, not your house, but they are able to work with you. Litton Loans has expertise in credit counseling and in collections. If you are late paying a Litton loan, they will call you more quickly than a regular bank for collections purposes; however, they can also direct you to their in-house credit counselors for help getting your credit problems under control.
