Ok so how about some feedback on this one. I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course, but here is what happened. I submitted…Continue
So my question is why is it that agents individually, continue to have to defend their paycheck against investor’s efforts to reduce commissions below the customary 6% and the never ending interference with a contract of which they are not a legal party to? Why is there not some sort of class action lawsuit on behalf of many thousands of agents that would have a ligament claim? Why is there not some sort of collective representation for real estate agent?
I would like…Continue
Ok it looks like I will lose this argument for now and will comply with the last minute demand by Chase that the commission is reduced to 5%. I have not had to do this before. Mostly lucky I guess that they have been Fannie or Freddie short sales. The negotiator on this file made the thinly veiled implication that a file has to be closed if it cannot move forward because of compliance issue. She did not come out and say it of course that acceptance of the offer is subject to agent’s…Continue
Ok so how about some feedback on this one. I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course but here is what happened. I submitted an offer by way of Equator and after the appropriate time for it to ferment, they finally made a decision and accepted the short sale with payment of a customary 6% commission. This was a written approval letter folks from Chase. Well the offer than fell apart and buyer walked. I than…Continue