I just got my first Ocwen short sale listing, and based on the forum comments I have read so far I am not very excited. To those of you who have actually closed Ocwen deals, do they truly adhere to their Short Sale package statement that the will not pay real estate commission in excess of 4% of the sales price? How are we supposed to get agents to show it for only 2% commission when everything else out there is either 3 or 2-1/2%? And closing costs not to exceed 2% of sales price in Washington state is impossible because we have an excise tax on real estate sales of 1.78% of the sale price + $5. We couldn't even pay title or escrow with a 2% cap. Anyone have experience fighting these issues? Thanks in advance
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This is going to sound silly but I just closed an Ocwen short sale and the commission was 5.54%.. I know. So it is possible. But I have also closed some with only 4%.
4% commission and 2% fees!
I have the Ocwen short-sale package. They would not advertise this, if it were not for real.
Never again, Lori? Can you share some information on this?
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