Fannie Mae’s recent edict forbidding the cutting down of the broker commission as part of the short sale negotiation is very good for distressed sellers and buyers, not just the agents. I’ll explain. Naturally, brokers and agents are relieved because it ensures that the considerable time and effort that goes into selling a short sale [...]
Posts Tagged ‘short sale commissions’
Fannie Mae to Banks: You Can’t Cut Broker Commission
Posted in Short Sales, tagged Fannie mae, New York short sale agent, New York short sale Realtor, New York short sale specialist, New York short sales, short sale commissions, short sale realtor, short sale specialist, Short Sales, Westchester short sale agent, westchester short sale real estate agent, Westchester short sale Realtor, westchester short sale specialist on March 24, 2009 | 1 Comment »
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Who Pays the Commission in a Short Sale?
Posted in Commentary, tagged commission, short sale commissions on October 13, 2010 | 1 Comment »
When a question is asked of me more than once it is a good bet that it is a common one, so I’ll post briefly today on who pays the commission in short sale. The answer is simple: The lender pays the real estate commission. In a regular sale, real estate commission is paid from [...]
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