How is the Law Firm paid for their negotiation services?
The cost for our services are included in the settlement statement forwarded to the bank. Our goal is to always have the short selling banks pay the cost of our services for the home owners we support. Many of our home owners are glad to pay. The realization that for 1% of the sales price of their home they may be able to clear that large debt that is over them is a great relief. If the short selling bank either denies or tries to negotiate a lower fee, the unpaid balance can either be paid by the home owner, listing agent, buyer, buyer agent or combination thereof. If the bank were to deny the short sale or the terms returned from the bank are unacceptable to the home owner then there would be no fee payable to the Law Firm.
