Posted by Rich-CA on October 10, 2008 at 16:20:27:
In Reply to: Realtors, short sales- what has the world come to posted by nj guy on October 10, 2008 at 15:18:30:
A RE agent's commission is payment for the act of making a sale. So its a cost of making the sale. However, the lender does not want to leave any money on the table, so unless they are not paying attention, there is no reason for them to accept less.
Remember, the final say on the package rests with the lender, so if the lender does not want to pay additional $$$ to a third party, which is what anyone other than the agent, buyer and seller are; then there is no room for anyone else (like a wholesaler). Its very likely the inclusion of "additional" reductions in proceeds will kill the deal.
- Re: Its different nj guy 05:30:57 10/11/08 (1)
- Re: Its different rdlazo 05:52:18 10/11/08 (0)