United Guaranty wants part of my commission!

My SunTrust shortsale began with 2 notes serviced by SunTrust.

Recently I was contacted by United Guaranty, informing they had settled with SunTrust on the 2nd end of May. After confirming this with SunTrust - I am now dealing with United Guaranty.

No problem, she says, just send me a packet with financials, a BPO, and a HUD1 showing 10% for United Guaranty, and I'll issue a payoff letter within a week. Sounds good to me.

Yesterday I sent the requested package, using the commission agreed with my listing contract.

Got a response within a few hours - looks good, but reduce the commission and send me a new HUD1.

So... how is my commission hers to negotiate?

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Replies to This Discussion

Permalink Reply by Stephen Shafer on June 28, 2010 at 2:19am

It is NOT, do not reduce your commission.

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