Falling Knife,

Yes, we do get commission on distressed sales. However, you do not pay the commission. The seller pays the commission. My services to you are FREE! I am located in Palos Park and am very good at getting my buyers the BEST deal! I have great lenders that will approve you over the phone for FREE! I am very good at getting the seller to pay the closing costs, attorney fees and even the 1 year home owners insurance that you will need if you buy a single family home. I am also good at following through, answering my phone calls and negotiating. I have an awesome email program that I can set you up on. You have nothing to lose by hiring me and using my FREE services to you. I am also a registerd HUD agent. Email me at trulia@CarmensHomes.com or call my cell, 708-533-0515. If you are a first time home buyer or have not owned a home in the last 3 years, you will qualify for the $8000 FREE that the government is giving as long as you close by November 30th. Contact me. I will look forward to your call or email. You won't be sorry! I promise!

Carmen Keslin E-Pro
ReMax 10 In the Park
708-533-0515 cell
trulia@CarmensHomes.com

Yes we do! Were are you looking to buy? Orland Park? I would be happy to send you the foreclosure/shortsale/ distressed properties in that area. Feel free to email me.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696

Yes, we do. Feel free to call me if I can help you with any short sales, foreclosures, etc.

Tim Ireland
RE/MAX All Properties
(815) 215-4018

Yes they do. Any bank owned properties and short sales do offer commission to the buyers agent. Every situation and lender is different. Some may offer a flat amount and some a percentage.

If you need help finding a great deal, I would be happy to help.

Good Luck in your search.

Cherrie Catama
Newman Realty
cherrie@newmanrealtyillinois.com

It depends on what you mean by "distressed sales."

Often in foreclosures the bank (the owner) will only pay a reduced commission--let's say 4% if the more typical rate is around 6%. In that case, the agents end up with a smaller commission, but they'll still get something. (If the banks didn't offer any commissions, an agent probably wouldn't get involved.)

However, there are plenty of distress sales other than foreclosures. People sell due to medical bills, divorce, relocation, and dozens of other reasons. All commissions are negotiable, but frequently, even in those distress situations, the commission is competitive with other commissions.

Hope that helps.