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Your almost there…   This is the phase where the Servicer obtains approval from their Investors, Manager or Mortgage Insurance.   The Listing Agent (Sellers Agent) may also need to obtain an approval from other Lien Holders (Tax Lien Holders, 2nd mortgages, 3rd mortgage, private liens, etc…)   Once all Lien Holders approve an approval letter is issued usually from each Lien holder providing approval.

 

A word of advise.  Read the letters carefully, they may have changed some of the terms in the original offer and because it may have been months since it was written you may have forgotten some of the original terms.