Miriam Bernstein
  • New Orleans, LA
  • United States
  • LA
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  • Ricky O. Gibson, Sr
  • Previous SunTrust Negotiatior
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Bank of America Question

Started this discussion. Last reply by Jeff Payne Mar 15, 2011. 5 Replies

I have buyer who is interested in a B of A short sale.  The listing agent about six months put the house on the market way below value at $175,000. and got three offers at 250,000.00 which is way to…Continue

 

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Profile Information

First Name
Miriam
Last Name
Bernstein
Are you a...
Agent
State
LA
City
New Orleans
My Profile
I am a licensed reale estate associate broker in Louisiana with a service area of New Orleans. I am affiliated with RE/MAX N.O. Properties and am "Licensed in the State of Louisiana, USA". Each RE/MAX office is independently owned and operated.

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At 3:26pm on August 4, 2012, Previous SunTrust Negotiatior said…

Hello,

Yes. That is the last FHA guideline for one agent representing both sides. You can always all the HUD National Servicing Center for ABSOLUTE clarification. FHA sees this as a "Conflict of Interest" and therefore penalizes the agent. Please note, this was the policy when I was a Negotiator for a servicer 2 years ago, but I would go directly to HUD/FHA with the concern.

Thanks,

Elizabeth

 
 
 

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