Effective March 1, 2009, the approval and closing of short sales will not be conditioned on the willingness of the listing firm to alter its fee arrangement with the borrower, as long as the total commission does not exceed 6%. No Negotiation of Pre-foreclosure Sales Commission Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers … Continue reading FANNIE MAE ANNOUNCES NO NEGOTIATION OF PREFORECLOSURE SALES COMMISSIONS
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