My friend Mark Violett, a real estate attorney just sent this update so I thought I would pass it along.
No Negotiation of Pre-foreclosure Sales Commission
Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers Effective March 1, 2009, closing of pre-foreclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. Servicers are reminded that they must continue to obtain any approvals that may be required by interested third parties in connection with pre-foreclosure sales.
If you/your client/ or an investor you know would like to check out the great values for Florida Beach Front real estate simply click on any of the following links for the great communities that make up South Walton County Florida.
Search Sandestin Foreclosures, Search Grayton Beach Foreclosures, Search Watercolor Foreclosures, Search Santa Rosa Beach Florida Foreclosures, Search Watersound Foreclosures, Search Alys Beach Foreclosures, Search Seacrest Beach Foreclosures, Search Rosemary Beach Foreclosures
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