"I agree with Kevin, get the buyer to pay it, it is such a small amount. Heck, I have in the past made a contribution to such costs myself or split with the other agent. After working so hard and long on a short sale I would not let $103…"
"Are there other state or county transfer fees? If so, you may just have to lump it into the other fees. In our area we have State & Country Transfer and Recordation charges and they're more agreeable to pay it when all the fees are lumped…"
"Put it on the HUD as "Government Required Certification". If they will not pay it, tell them to put it in writing (they'll pay it)
I'm in CA and we have similar City / County required items - this always seems to work for…"
The city certification ($103.00) is required for every transaction in Philadelphia and the bank refuses to pay it. They say they are aware that its required but they will not pay it. Any direction?See More
"How much are the fee's for? Those are typical approval fee's by most investors, it likely will need to be covered by the buyer or another party.
"There seems to be a couple of issues, one is price (that will generate minimum required net proceeds) and the other is the note request. Depending on the Investor (GSE?) they may have triggered the note in a Debt to Income test. Or…"
Having never performed a Co-Op short sale...In this case, will BofA determine List Price and Listing
Commission? We have a Countrywide-now-BofA loan..I just want to make certain we give our best effort if there's money on the table for…"
"These are very easy short sales.Not sure what affirming the debt means but you can be sure BofA can and will foreclose at some point. Do a co-op short sale. Your seller can get some cash and the debt will be forgiven. It's a great short sale.…"
"here is my concern. BOA is unlikely to foreclosure since it probably doesn't have the promissory note or any paper trail at all. A modification or cooperative short sale require the seller to affirm the debt. I do not want to…"
"Countrywide loans might be many awful things to many people, but to a short sale agent a Countrywide loan is pure gold. Whenever I have an original CW loan with Bank of America, I do a Cooperative Short Sale if at all possible and have never had one…"
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