Ok so how about some feedback on this one. I listed a short sale that was originally a WaMu loan and the seller is getting 20,000. Beside the point of course but here is what happened. I submitted an offer by way of Equator and after the appropriate time for it to ferment, they finally made a decision and accepted the short sale with payment of a customary 6% commission. This was a written approval letter folks from Chase. Well the offer than fell apart and buyer walked. I than submitted another offer within a few days on the property for 4,500 dollars more than the previous offer, ok also beside the point I suppose, but here is what the new negotiator did. Sent me an email and said they could only pay the 5% commission on this traditional short sale. It is bank owned. No it is not a HAFA and no it is not a Fannie or Freddie investor…….but what it is, is a short sale offer that follows a prior offer less than 30 days ago where Chase accepted and approved in writing to pay 6% commission. At this point I have said no. Now I just got an email from the file owner in Equator that said if I am refusing to comply than she has to close the file….thoughtful comments and personal experience from anyone here?
Mike
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elevate this one. If they agreed before, they will agree again. you just have a negotiator who thinks you make too much money.
They always think that we make too much money. Funny thing is, we work for months without any pay at all and then, if we are lucky, we get a pay check.
I would let the manager know that the new offer is for more and that the last written approval was for 6%.
I wonder how many of these negotiators would do the job that we do with no pay for 4 or so months at a time?
Especially since we have to jump through so many hurdles every other minute dealing with crazy negotiators half the time!
Good luck.
PS I have been through this with BofA several times. I have to elevate every time it comes up.