I am just curious how many of you are paying private negotiator costs on your short sales. According to the Fannie Mae website, fees paid to a 3rd party to negotiate a short sale, aka short sale negotiation fee or short sale processing fee..cannot be charged to the borrow...
So my question is this...are most agents paying fees to have their short sales completed?
What is a normal price to have this done?
There is a rule out that 6% of the balance or $6000 which ever is less, will be paid out to a jr lien.
Also, a $3000 relocation bonus paid to the seller to help them move out.
Has anyone seen a limit put on the negotiation fees? Again - what's normal to charge/pay?