We entered a listing and have narketed it as a short sale. We have an offer and packaged up the paperwork, faxed it to the lender, verified it was received and then went through a process of waiting for the negotiator to agree or not on the price. We had requested the buyer be realistic and they agreed. However the bank countered on the high side and the lender wouldn't budge. Long story short... No deal
I called he lender a few days later to see what the status of the file was? What file? What LOA. They shredded the works. I'm working with someone else on that file and they were told the same thing.
I decided I wasn't going to take it anymore. I sent an email to the senior negotiator and her boss. I told them how dare they shred the file. I was going to forward the whole file to the banking commissioner and see what he thought. I was prepared to do battle. I had facts and figures. I received a call withing minutes from the senior negotiator. She asked me to not send the file out. I didn't. This afternoon I received a call from the other person, I am working with. She said she had a call from her boss and they gave a better price and said we had 6 days to get it done. How about that. They also told her 6% commission if there are 2 different agents, but only 3% if we get both sides. I AM GOING TO TELL THEM TO NOT BE WORRIED ABOUT MY COMMISSION. I MEAN IT. I AM NO LONGER WILLING TO LET THEM SET MY COMMISSION. UNLESS OF COURSE I CAN SET THEIR FEES. We shall see who wins.
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