Has anyone had to pay a REO compliance fee as a condition of submission of the offer?   I was wondering if there is any way to check on this prior to writing an offer?   I have several short sale listing and have not heard of this practice until know,  any thoughts would be of great help.   Jane

 

4 Comments on Short Sales

OCT
27
2008

I have closed on 2 short sales this past month and did not have that issue arise. Perhaps when taking the listing and initially submitting the paperwork you could get that info? Hard to say since short sales are so "case by case"!

traci
9:54pm • #1
OCT
28
2008
707,529 Points 47 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jane, this sounds  a bit  unusual, who want you to pay it? is it the Lender? is it the Buyer's or the Seller's fee. This sounds like a junk fee to me.

1:09am • #2
NOV
04
2008
2 Featured Posts Localism Sponsor Attended Rain Camp

Haven't heard about this happening in my area (Monterey, CA.).  Hope it's not a trend.

8:24pm • #3
NOV
16
2008
439,094 Points 2 Featured Posts Outside Blog Called Shot Master

Jane~ I have never heard of that, but I don't do too many short sales.  What was the amount and who was supposed to pay for it and whenwas it to be paid for?   Vickie

11:58am • #4


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Jane Heiss-Armitage Associate Broker Homes in the Great Lakes Bay Region

Midland, MI

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Ayre/Rhinehart Realtors (Midland, Bay,Saginaw, Mi.)

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