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short sale: Short Sale Commission Dispute - Listing Agent is the Seller - 12/22/09 12:17 PM
One of my agents wrote up an offer for a buyer, which was accepted by the seller. The bank has now approved this short sale with one exception ... The listing agent is the seller and the bank (not surprisingly) will not allow the listing brokerage to receive any commission. The listing agent had agreed up front to not take any commission, and the bank was happy to agree to pay a 4% commission to the selling agent instead. The listing agent's broker is now furious. So, I am NOT going to pay the listing broker after-the-fact and under-the-table as he … (5 comments)

short sale: Florida Short Sales - 04/20/08 01:32 PM
Most of the qustions that we receive through our websites these days are pertaining to short sales, buying and selling ... A little background - I have been doing short sales here on Florida's Emerald Coast for 21 years. Back in the early days, the process was much less formal and in fact, many banks back then refused to negotiate at all. Their attitude was pay me or we foreclose, period. Remember the S&L crisis?  
At any rate, over the years, most banks have gotten much smarter and have begun entertaining short sale offers, committing significant resources to their "loss mitigation" departments. In the final analysis, the bank's primary … (2 comments)

 
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Ed & Terri Smith

Destin, FL

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RE/MAX Coastal Properties Destin Florida

Address: 725 Harbor Blvd, Destin, FL, 32541

Office Phone: (850) 837-5500 x 1

Cell Phone: (850) 650-6116

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