What does Chase allow for a seller's lawyer fee?

I have a short sale submitted to Chase last March. After so many calls, and faxes (they will not give e-mail addresses), I called the Chase Executive office. First, to request for a BPO. It was done 2 days later. That was on June 9. Then, calls to negotiator again, who has her voice mail always full, so I had to fax again. Last Monday, I called the Executive Office again. Lo and behold, I received a preliminary approval via fax from the negotiator yesterday. However, they cut the seller's lawyer fees by almost half- from $2500 to $1500. He has been working with me on this short sale, and I believe he should get his full fee.  

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Replies to This Discussion

Permalink Reply by Jeff Payne on July 20, 2011 at 9:23am
If your fee is your fee, then why would you reduce it?

Aaron Burke said:
No, Thom, that isn't what I am saying. My fee is my fee. It is representative of the value I bring to the transaction. But I know that the fee will be questioned and reduced at some point in the process and that it is part of the game.

Thom Colby Newport Beach CA said:

Aaron,

 

Do I understand you correctly....  You are an attorney and you are suggesting that attorneys falsely inflate their fees on the HUD to be able to sustain a reduction by the investor / lender?  And, you put it on the Internet!

 

WOW !!!

 

Thom Colby

Broker

Newport Beach CA

 

 

 

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