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Wells Fargo short sale closed

Closed a Wells Fargo short sale.

Original Mortgage amount $150,000

Sale price $115,000

$2000 for buyers closing costs

$6900 for real estate commission

$1300 for 2009 taxes

FInal net was $104686

Approved in 20 days

Panama City, FL

Buyer agreed to make some electrical repairs to close

Permalink Reply by Kent Dills on February 8, 2010 at 2:23pm: Good job Jeff! Why'd they grind you down so hard on real estate commissions (approx. 4.6%)?; ▶ Reply to This

Permalink Reply by Terri Wisecarver on February 8, 2010 at 2:24pm: Was it a straight loan with Wells, or ASC servicing the loan?; ▶ Reply to This

Permalink Reply by Terri Wisecarver on February 8, 2010 at 2:25pm: Awesome JOB; ▶ Reply to This

Permalink Reply by Jeff Payne on February 8, 2010 at 2:25pm: sale price was $115,000, 6% commission. The original mortage was for $150,000

Kent Dills said:
Good job Jeff! Why'd they grind you down so hard on real estate commissions (approx. 4.6%)?; ▶ Reply to This

Permalink Reply by Jeff Payne on February 8, 2010 at 2:26pm: One mortgage with Wells.

Terri Wisecarver said:
Was it a straight loan with Wells, or ASC servicing the loan?; ▶ Reply to This