Hello Fellow Rain-makers!
As you know, this announcement which helps us save our 6% or lower commissions applied to Fannie Mae-owned instruments. In order to find the owner of the loan, Fannie Mae has a Look up tool at: Who knows if the Fannie Maye look up tool actually works? This is where I have been going:
I have been directed by a Countrywide (now B of A) Phase 2 negotiatior to cut our commission down to $15K from $20K which would make it even less that 5% of sales price. 1st and 2nd are both with the same Lender, and 1st is about $350K and 2nd (HELOC) is about $75K.
I visited the Fannie May Look up site and punched the address in, the subject property address does not yield a match ... I tried several other addresses in the surrounding vicinity and no matches came up. I find it unusual that none of these would be sold to Fannie ... Any ideas?
Thanks for your replies and Happy Selling<