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 of fee's at their will. Fee amounts that are not disclosed. No way would any seller agree to this and it puts the buyer in a bad position too.
Litton also stated they will not provide any other offer letter. We have a finance contingency with the buyer and Litton doesn't want to work with us on the closing date. Were still working on this and hope they will see the light.
From Litton Approval Letter:
1.Should the closing be delayed and the investor agree to an extension of the original closing date, the seller shall be responsible for per diem charges, extension fees, and foreclosure sale postponement fees.
2. The seller shall also be responsible for any additional costs and fees over the aforementioned
approved amounts. As permitted by state law, recording fees and/or release fees are the responsibility of the buyer.