Comission on a Short Sales transaction

I have been working a SS with a Veterans Loan for the past three months. Now that we practically have come to the final procedure the bank that holds the mortgage is asking us the Real Estate Broker to lower our comission. We signed a 6% and now they pretend for us to come down to a 2%. This is totally an insult to all the work we have put in this particular case.

Do you have a guideline regarding the comission in a Veterans Short Sale transaction.

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Permalink Reply by Beverly Cibulsky on August 20, 2012 at 12:29pm

I would be curious to this as well.

What seams to be the trend lately? Especially when you find the buyer for your short sale? Havent had any lenders mess with commission lately Some of the other fees yes, (which can put you in the position to "contribute")

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