By now, most professionals in the real estate industry are aware that the U.S. Treasury Department issued a plan called the Home Affordable Foreclosure Alternatives program (HAFA) on November 30, 2009. The HAFA program is intended to speed up and regulate the short sale process for borrowers whose loans are subject to the government’s loan modification [...]
Tags: 6%, commissions, Fannie Mae, FHA, Freddie Mac, HAFA, HAFA short sale, HAFA short sale guidlines, HAFA short sales, HUD, real estate agents, real estate commissions, short sale agreement, short sale process, Short Sales, six percent, SSA
Posted in Short Sales | 5 Comments »
HUD, FANNIE MAE AND FREDDIE MAC ALL NOW AUTHORIZE PAYMENT OF SIX PERCENT COMMISSIONS
A major issue real estate agents have faced when negotiating short sales with lenders and servicers was that it was always a battle to try and get paid a full real estate commission on these difficult and time consuming transactions. The loss mitigators working for [...]
Tags: 6%, agent commission, agents, commission, FannieMae, FreddieMac, full commission, HUD, loss mitigators, negotiating, real estate, real estate agents, real estate commission, Realtor, reduced commissions, short sale, six percent
Posted in Foreclosures, General Loss Mitigation Options, Listing Properties in Foreclosure, Loss Mitigation, Short Sales | No Comments »
