Replies to This Discussion

Permalink Reply by Jeff Payne on August 20, 2010 at 10:39am

Who is the investor? The amount of commission paid just depends. While we have been paid as much as 8%, I would not count on anything more than 6 with Chase.

Permalink Reply by Ben Benita on August 23, 2010 at 1:41am

Jeff is spot on -- Chase is actually known as the "Servicer", the group that put up the cashola for your Seller to buy their home is known as the "Investor" on the note.

The Investor ALWAYS dictates commission amounts, and, we have seen anything from 5% to 8% paid......

Permalink Reply by Mike Warfel on August 24, 2010 at 4:56am

Chase paid us 6% on 3 deals and 5% on the latest one so there is a luck of the draw involved. I do not thin there is much recourse, just take what is offered.

Permalink Reply by Judy Graff on August 24, 2010 at 5:25am

Chase cut the total commission from 6% to 5% on a non-HAFA ss of mine. Then, since I represented both sides, they cut the total commission to 3% just before approval.