Realtor Short Sales Training and Resources
Litton Loan Servicing
Information
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
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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
Discussion Forum
Litton Loans BK
Started by Sara Pichelmann. Last reply by Larry Hollingsworth Dec 30, 2011. 4 Replies 0 Likes
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 0 Likes
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 0 Likes
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 0 Likes
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 Mike Linkenauger on February 4, 2011 at 11:35pm
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They definitely rock Phyllis! I wish more lenders were as good as short sales, it would make our job much easier.
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Comment by Phyllis Currie on January 5, 2011 at 11:29am
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I have only had excellent experiences from Litton Loan Servicing! It really makes a difference!
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Comment by Jessica Loukota Leimback on December 8, 2010 at 2:15am
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Has anyone ran into a request from the mortgage insurance company to sign a promissory note. We had a buyer and Litton wouldn't review the offer until the promissory note was signed. There were so many positive comments about Litton I am disappointed in our progress.
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Does anybody have a Litton Loan Servicing Short Sale Package to post on here? Do they have their own short sale package?
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Comment by Dawn Rupersburg on August 27, 2010 at 2:21pm
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What did your approval letter say about fees?
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We close another Litton Short Sale Today! Great terms and approval! We love these guys!
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Comment by Sheyenne Schultz on August 24, 2010 at 4:56am
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I've done one with Litton before and they are awesome! Look to doing plenty more..wish everyone was as easy as LItton.
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I agree with you Kay. They are definitely at the top of my list as well. If all lenders were as good as working short sales as Litton is we probably wouldn't be in as big of a depressed market as we are now.
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Comment by Lisa Allen, CDPE, SFR, CSSG on June 23, 2010 at 2:11pm
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Just closed a Litton deal on Monday...fantastic! We went under contract on April 13th and had the approval by June 3rd. 18 days before the actual closing!
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I definitely LOVE Short Sales with Litton Loan Servicing as well! We had one a couple months ago that we referred to Hazel Graham in the network that was a $315,000 property on March 5th. There was already a buyer around, it was approved right away and closed March 30th. To list and CLOSE a short sale in the same month is unbelievable. The cool thing is that Hazel had just joined our network the month before, and got both sides of the transaction. 6% commission was like $18K for her.
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Discussion Forum
Litton Loans BK
Started by Sara Pichelmann. Last reply by Larry Hollingsworth Dec 30, 2011. 4 Replies 0 Likes
Litton as 2nd to Short Sale
Started by Cindy Billman, CDPE, SFR Sep 10, 2010. 0 Replies 0 Likes
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 0 Likes
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