can listing agent help out when the bank requires the seller to pay a cash contribution

Do you know if banks allow the listing agent of a short sale to help the seller out with the cash contribution and give a portion of their commission at closing to help the seller pay the cash contribution to close the short sale?  Please advise.  thanks

Views: 40

Reply to This

Replies to This Discussion

Maxwell - Most lenders will allow that to be on the HUD. Ask the specific lender.
As much as anything it will be dependent on your state statutes. Most allow you to share/rebate commissions to principals of the transaction. But make sure that is legal in your state.

Other than that I don't see the bank caring one way or the other where the money comes from.

RSS

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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