Does anyone have any insight on how a 3rd party can be paid when a seller decides or has no choice but to do Deed in Lieu after you have worked the file over a year. The only way we get paid is if short sale closed. Any ideas? Thanks
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Chase will pay the short sale agent 1% on a deed I have been told.
Thanks for the info, this is Bank of America and Wells Fargo that I am dealing with.
I actually heard that some of the banks will pay also but I don't know which ones. Can you ask the negotiator since you still are probably on the file as able to talk to them?
Usually you are out of luck. That is one of the problems of an industry that decided long ago that they would take contingent fee listings. In states that allow it you might consider taking a basic retainer upfront.
But if you think you are going to talk a lender who is losing tens of thousands of dollars and is now having to market the property, into paying you for not selling the property...
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