| Re: Question on short sale for 2nd lender <<>>
I've never heard of an agent "handling everything" but someone else is doing the negotiating ? Keep in mind the lender pays the sales commission / cost of the short sale whether it's an agent or lawyer/broker. You shouldn't have to pay a dime to complete a short sale. You've already hired an agent so you are probably bound now, but I prefer attorney/brokers as the lender pays them and they can minimize your legal risk post short sale (deficiency judgments). I would never just "trust" the agent. I would be cautious about an agent who isn't even doing the short sale negotiating. Does this agent have any/enough experience with short sales? If you had hired an attorney/broker, you wouldn't have to pay. But, seeing as you already hired an agent, you would have to pay to get an atty consult. I would also read all posts in this thread by "Faith." She explains how to complete a successful short sale. Good luck. |