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Patricia Henry said:I am working with a buyer on a Short Sale that turned into a foreclosure due to Title Issues that couldn't be resolved by the seller who was trying to sell on a short sale. Our sale turned into the commission being cut to $5oo0 flat fee to be split with both sides. They won't pay anymore than that which is about 1.5 commission for each brokerage firm. Totally stinks since we have been waiting for 4 months for the bank American General to get our bank addendums back to us for the purchase. They decided to still work with the buyer when the seller couldn't perform on the short sale and then we had to wait 2 weeks for the home to go to American General. Then we waited another 2 months for the home to be ready for the foreclosure sale with my buyer. American General decided they would do a one party agreement with the listing agent. I am proud of the other agent for hanging in there and for my buyers for waiting. We are to close in November end of month sometime. I hope it goes smoother. Because of course we have waited 4 months and now the bank wants us to close in less than 4 weeks. American General has not been quick about anything and they sure don't value the agents opinion on anything.
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