What Do I Have To Pay If My Bellevue Short Sale Is Not Successful?

Real Estate Agent with Homes Northwest

Bellevue WA – The Stop Foreclosure Institute recently received this question from Tamra. Here is Tamra’s Question.

“I would like to hire you to help me short sale my house. However, I am concerned that if the short sale doesn’t go thru, then I will still owe you money. My friend told me to check on that before I started.

It is true that I would owe you money if the short sale didn’t go through? Tamra.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is the answer to Tamra’s question.

Tamra, No, you will not have to pay anything if the short sale doesn’t go thru. We only get paid when the short sale is approved and the home sells.

Until then, there is no cost to you. In addition, all the short sales we have sold don’t require the seller to pay anything.

What usually happens is that we send your lender a sample closing statement. It has all the costs itemized including our commission.

If your lender is ok with the numbers, then they approve the short sale. If not, then they tell us what needs to be changed.

It is a back and forth process until we come to an agreement. Click HERE to continue reading.

Comments (1)

Merline D Pennant - New homes, Short Sales and Pre-foreclosures
Regal Realty of the Treasure Coast LLC - Port St Lucie, FL
New City, New Towns, New homes

This sounds like a good conscientious homeowner.  If she had the money I bet she would still be paying her mortgage.  Thanks for showing her the way.  Well done you are a credit to the profession.

Mar 15, 2013 03:05 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?