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RefusetobeStressed · 09-13-2008, 07:26 PM

Moe or ANYBODY

I met with a real estate agent today to list my home for a Short Sale. I was told I would have to pay the 1% which is $3,795.00 because she will be selling the house for $379,500 although I owe over $800,000. Is this the norm? She stated I will get this money back at closing when the house sell. My husband was at work when I met with her today so he has not yet signed the documents. We suppose to meet with her on Monday.

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09-13-2008, 07:26 PM	#2 (permalink)
RefusetobeStressed Senior Member Join Date: Jan 2008 Posts: 126 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: IRS Tax Laws on Short Sales Moe or ANYBODY I met with a real estate agent today to list my home for a Short Sale. I was told I would have to pay the 1% which is $3,795.00 because she will be selling the house for $379,500 although I owe over $800,000. Is this the norm? She stated I will get this money back at closing when the house sell. My husband was at work when I met with her today so he has not yet signed the documents. We suppose to meet with her on Monday. Refuse