Dual agency on BOA FHA short sale

I have a BOA FHA short sale in the final stages.  Current buyers may back out.  I may have another buyer that I found.  Will BOA pay me for both sides?  They have already approved 6% commission.

 

Thanks!

Views: 184

Replies to This Discussion

Permalink Reply by Michael Hayley on March 6, 2012 at 4:16am

I say: No. Don't even try.  Get someone else you trust to broker Buyer side. 

Permalink Reply by Valerie Pressley on March 6, 2012 at 4:19am

If you represent both buyer and seller in a BOA transaction, they will cut your commission to 4%.  Work something out with a colleague in your office for them to represent the buyer.,

Permalink Reply by Marcia Burgos on March 6, 2012 at 4:27am

Thanks!

Permalink Reply by joe beauchamp on March 6, 2012 at 7:43pm

What the others say is pretty true, however, you need to ask what your investor will allow, not your servicer BOA.

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