Wells Fargo short sale closed

Closed a Wells Fargo short sale.

Original Mortgage amount $150,000

Sale price $115,000

$2000 for buyers closing costs

$6900 for real estate commission

$1300 for 2009 taxes

FInal net was $104686

Approved in 20 days

Panama City, FL

Buyer agreed to make some electrical repairs to close

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Replies to This Discussion

Permalink Reply by Kent Dills on February 8, 2010 at 8:23am

Good job Jeff! Why'd they grind you down so hard on real estate commissions (approx. 4.6%)?

Permalink Reply by Jeff Payne on February 8, 2010 at 8:25am

sale price was $115,000, 6% commission. The original mortage was for $150,000

Kent Dills said:

Good job Jeff! Why'd they grind you down so hard on real estate commissions (approx. 4.6%)?

Permalink Reply by Jeff Payne on February 8, 2010 at 8:26am

One mortgage with Wells.

Terri Wisecarver said:

Was it a straight loan with Wells, or ASC servicing the loan?

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