Your Bank Must Pay the Real Estate Commission for a Short Sale
By Judy Chapman
(Referral Network of Illinois LLC)
Your eyes aren’t deceiving you. Whenever you sell your house as a Short Sale, your lender is obligated to pay the commission owed for the services of your real estate agent. If you live in Orlando FL and you have a pressing need to sell your house, but it appears to be impossible because you owe more on your loan than your house is worth, there is a way to sell, and that’s with a Short Sale. Your lender must approve the Short Sale, but when they do, they must pay your agent’s commission. A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for your lender’s approval, and finally moving out and moving on. ...
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