Is the short-sale being negotiated by a professional short-sale negotiator?
Our short sale negotiators have many years of experience and are professional problem solvers. The buyer and the seller both benefit from their services and they share this fee. At the closing the buyer contributes a fee equivalent to 1 – 1.5% of the purchase price for negotiator’s work. The buyer may pay this fee from a seller’s concession if allowed by the buyer’s lender (conventional lenders allow this, FHA & VA may not). The buyer may also reduce the purchase price by 1% to pay for this service. The seller cannot receive any proceeds from the transaction, so instead he can evaluate your offer according to the guidelines that will allow the transaction to succeed (and subsequently prevent him from suffering a foreclosure).
