"If the seller was given the HIN incentive on one transaction and it fell thru, is he still entitled to it on another transaction? I was told it was a one-shot deal. Any truth to that?
Also, in our previous transaction, the HIN…"
"First try what Jason said - use the HIN to pay for existing seller side expenses such as taxes, etc. If that does not work, contact the MI company rep and explain the situation that you are dealing with and see if you can work out a post…"
"the hin incentive can be used to pay off front page items which would increase the net to the first. The verbiage would say "hin incentive from seller to taxes $xxx". this would then increase the net to the first. It just…"
Indirectly, Yes. they can do this. They generally can NOT contribute it towards list price or net, but can contribute it towards front page line items on the hud...ie taxes, junior lien etc (except for net to…"
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Law firm working with hundreds of Realtors negotiating short sales on behalf of Sellers.
6 year, licnesed in MO & IL.
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October 31, 2012
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