Fifth Third cutting commission
FHA short sale, 1st is BOA, dual agency. BOA has approved 6% commission. 2nd lien is with Fifth Third and they are accepting the $2500 to release their lien but will only allow 3% commission. Even though they understand that they won't get any more for the lien release, they still want to reduce our commission! Anyone ever had this problem and have any help for fighting it?
Replies to This Discussion
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Permalink Reply by Joseph Alfe on
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refer them to FHA guidelines. They are a junior lien, and they do not get to dictate terms to the senior lien.
BTW, I have never had this issue with 5/3
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Permalink Reply by Kevin - Greenville, SC on
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Why would Fifth Third care? How would impact their bottom line?
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