Jessica Loukota Leimback
  • Female
  • Mesa, AZ
  • United States
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Commission Reduction

Started this discussion. Last reply by Kim Chitwood www.kimchitwood.com Sep 8, 2010. 10 Replies

I submitted the short sale through equator and received a counter offer to which they never changed the commission amount.  I received the approval letter and they reduced the commission from 6% to…Continue

 

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Jessica Loukota Leimback commented on Scott Burrage, CFS HRC's group Litton Loan Servicing
"Has anyone ran into a request from the mortgage insurance company to sign a promissory note. We had a buyer and Litton wouldn't review the offer until the promissory note was signed. There were so many positive comments about Litton I am…"
Dec 8, 2010
Jessica Loukota Leimback updated their profile
Dec 8, 2010
Jessica Loukota Leimback updated their profile photo
Dec 8, 2010
Jessica Loukota Leimback joined Scott Burrage, CFS HRC's group
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Litton Loan Servicing

A place to discuss short sales with Litton Loan Servicing and share solutions and strategies used to get short sales approved.
Dec 8, 2010
Kim Chitwood www.kimchitwood.com replied to Jessica Loukota Leimback's discussion Commission Reduction
"We would have done a designated agency on that one. We don't do dual agency at our office. That is a crock of crap..."
Sep 8, 2010
Kim Chitwood www.kimchitwood.com replied to Jessica Loukota Leimback's discussion Commission Reduction
"I've had mine cute to 5% with one brokerage but never 4! That blows!"
Sep 8, 2010
Obed Montez replied to Jessica Loukota Leimback's discussion Commission Reduction
"The listing belongs to the broker and if an offer comes from the same office than the offer belong to the broker also. That is what the Agency disclosure Form says, and that makes it a dual agency. But I would say fight it, since the bank does not…"
Sep 6, 2010
Joseph C. Alfe replied to Jessica Loukota Leimback's discussion Commission Reduction
"call their bluff, tell them to cancel."
Aug 29, 2010
Jessica Loukota Leimback replied to Jessica Loukota Leimback's discussion Commission Reduction
"The negotiator for GMAC stated, cooperate or we will cancel the file. Same brokerage, dual agency, 4% max. I would have referred it outside of the company had I know that would be the only option. Thank you for the support and info."
Aug 28, 2010
Julie Vrigian CSSG, CSSP replied to Jessica Loukota Leimback's discussion Commission Reduction
"Good Luck Wendy, let us know how it goes..."
Aug 22, 2010
Wendy Smith replied to Jessica Loukota Leimback's discussion Commission Reduction
"the negotiator said the policy is 4% because one brokerage? Yep, it's worth the fight."
Aug 22, 2010
Julie Vrigian CSSG, CSSP replied to Jessica Loukota Leimback's discussion Commission Reduction
"Lender's often times will try to do this whenever there is one brokerage involved. I agree, I would fight it!"
Aug 21, 2010
Joseph C. Alfe replied to Jessica Loukota Leimback's discussion Commission Reduction
"Fight it. They are mistaking it for dual agency, in which they will reduce to 4%"
Aug 17, 2010
Vanessa Calhoun replied to Jessica Loukota Leimback's discussion Commission Reduction
"Is it a HAFA, FHA, or Freddie Mac deal?"
Aug 17, 2010
Jessica Loukota Leimback posted a discussion

Commission Reduction

I submitted the short sale through equator and received a counter offer to which they never changed the commission amount.  I received the approval letter and they reduced the commission from 6% to 4%.  The negotiator stated it is GMAC's policy.  This is the first transaction I represent the seller and referred the buyer (sign call) to an agent in our brokerage.  Two licensees and one broker.  Does anyone have advise or experience with this circumstance?See More
Aug 17, 2010

Profile Information

Occupation
Realtor
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Mesa, Gilbert, Queen Creek, Apache Junction, Gold Canyon, Chandler
Website
http://jllrealestate.com
Short Sale Designations and/or Special Training
SFR (Short Sales and Foreclosures Resource)
Short Sale Transactions Completed
10-25
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?
2, 2.5 Million
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Jessica Loukota Leimback ABR, SRES, CNE, SFR, REALTOR
Solutions Real Estate
2353 East Baseline Road
Gilbert, AZ 85234

Office 480-838-9613
Direct 602-904-6343
Cell 480-678-0365
Fax 866-945-9247
jessica@JLLRealEstate.com
www.JLLRealEstate.com
Put in todays date! This is to help stop spammers!
August 5, 2010
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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