Also Getting Paid A Negotiator Fee!

Hi, I have completed many short-sales and am working on a bunch at the moment. I have heard from a few people in the past that they get paid a "negotiator fee" almost like a real estate agent would get paid. Now, with a short-sale the bank would be paying the agent comission obviously. Ive been told when drawing up your preliminary HUD that i can put a 1% negotiation fee on there for the service of me actually doign a short-sale. The bank will then cut a check to my company for the service.



My question is, does anybody use this method to make that little extra money off the deal on here? I want to know when and how you get paid. After closing will you receive your check in the mail?

thanks,

Comments(1)

  • ryand13th August, 2007

    Yeah, but, the money is coming from somewhere so it comes out of the proceeds of the banks net i guess. Which doesnt really make sense because I am getting all of the proceeds..oh well

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