PennyMac 5% commission

Just received a PennyMac short sale and the listing instructions say total 5% commission, or 4% if dual agent. I haven't seen less than 6% commissions in quite some time. I have seen recent blog posts regarding this. Any thoughts about getting it to 6%?

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Permalink Reply by Short Sale Superstars LLC on March 26, 2014 at 10:54am

Some services and credit unions have guidelines allowing only 5% maximum. If it's in their guidelines that they only allow 5% commission maximum, you likely will not get 6%. Ask if they participate in HAFA. If a transaction is approved for HAFA, 6% commission should be awarded.

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www.ishortsalenow.com

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Permalink Reply by Rhonda Greer on March 27, 2014 at 8:51am

Thanks Brett!

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