Replies to This Discussion

Permalink Reply by Jeff Payne on September 30, 2013 at 9:26am

How do you get paid? Does the buyer pay your fees?  with a 99% success rate, how many short sales have you worked? I have 3 teams in your area, Pikesville, Bell Aire and Anne Arundel County

Permalink Reply by SMS-Short Sale Expert on October 2, 2013 at 6:19am

Hello Jeff,

Give me a call if you can. 443-629-2145

Diana Matto

Permalink Reply by Jeff Payne on October 2, 2013 at 7:45am

Why?  

Permalink Reply by SMS-Short Sale Expert on October 3, 2013 at 6:58am

Buyer does not pay my fees. Lender pays my fees. I have worked on hundreds of short sales. 

Permalink Reply by Jeff Payne on October 3, 2013 at 7:52am

Thanks good info!  What happens if lender does not pay your fees?  

Permalink Reply by SMS-Short Sale Expert on October 3, 2013 at 8:20am

If they do not pay our fees, they do not pay our fees. Nature of this business. My main priority is providing excellent service to agents as they will be my repeat customer. 

Permalink Reply by Kevin - Greenville, SC on October 3, 2013 at 8:09am

What do you do for Fannie Mae SS?  FNMA does not pay negotiation fees. I am fairly certain most Government backed, insured or otherwise won't too.

Permalink Reply by SMS-Short Sale Expert on October 3, 2013 at 8:22am

As my company does 100% of the work except the actual settlement, most lenders and investors approve our fees, as long as title company does not add theirs. Of course, they will most likely reduce them, but as I stated to Jeff above, the fees come secondary to the service.

Permalink Reply by Jeff Payne on October 3, 2013 at 8:38am

What do you mean by title company adding their fees?  Title companies here charge a closing fee and owners title policy charges. Like Kevin said above, how do you handle VA or FHA?  

Permalink Reply by SMS-Short Sale Expert on October 3, 2013 at 8:58am

Most title companies I work with do not add any fees on seller side. VA and FHA loans are very straight forward. I know all their policies and guidelines. There is not much room to negotiate with them. 

Permalink Reply by Jeff Payne on October 3, 2013 at 9:10am

Good info.  Here in my area of Florida, seller pays title, deed doc stamps and closing fees.  

So how do you get around VA and FHA guidelines of not paying 3rd party negotiators?  What do you call your fee?