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2nd Trust not allowing 6% commission ? Anyone dealt with this ?

Posted by Nate on March 14, 2011 at 9:30am

So our second loan was charged off and a law firm is now collecting.  They are the ones that will issue the approval letter through Citi Mortgage.  They are saying Citi will not allow 6% commission unless its Fannie or Freddie.  They will only approve 5%

 

Well the 1st loan is with BOA and they have approved 6% 

 

Anybody dealt with this and have suggestions ?

 

Thanks

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Comments

  • Bryant Tutas March 15, 2011 at 5:48am
    You just have to push them. If they won't pay the extra 1% then collect it from the buyer or the seller can pay out of pocket. Or..you can just take the 5% and move on to the next deal.
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