Seller called me to list the property and sign agreements with Phoenix for the Short Sale.  Has anyone experienced this before?

Views: 269

Replies to This Discussion

Yes, I closed one in June with them  They are actually quite easy to work with and there wasn't a lot of borrower documentation required.  They will want 1% for whatever it is they do, but you just need to make it clear that you and the selling agent are getting a full commission.

Fred:

I just got a message from Phoenix Asset Management that they have been assigned a short sale file from Green Tree also.  Their "new" commission schedule is a sliding scale arrangement.  They still want to take 1% of the total 6% for their fee, but will allow the listing office to keep 3%, pay the selling office 2%, and they retain 1%.

I'm curious about your comment about making it clear to them that both agents are making a full commission. Were you able to negotiate a full 3% for both agents and their 1% to come from Green Tree or another source, or was there another arrangement?

Thanks, look forward to hearing back from you or anyone else who has dealt with them.

I did get 3% for the listing and selling sides plus PAM's 1%.  So the total commission paid was 7%.  It didn't take a lot of effort to get them to agree.

Fred - thanks, I'll be talking with them again the first part of the week.  I appreciate your response.

RSS

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************