As others have posted here, do not sign an open ended fee agreement. Some short sale contracts have a per diem, usually up to $100 per day, if escrow does not close on a certain date.
Contracts are like anything else, and can be negotiated. Just because it is a short sale, it should not be OK to charge a per diem.
You can always, negotiate, and if the deal is not good for you, you may have to walk away. Talk to your agent as to your options.
Usually, if the bank already signed the contract, you should not have to pay or agree to pay for any fees.
If the bank has not signed the contract, and is sending you a counter offer with the fee addendum, you have the choice to negotiate, sign as is, or walk away.
Again, talk to your agent.
Realtor, Certified HAFA Specialist
This is always a difficult subject...
The buyer may be responsible for any fines incurred by the bank if the buyer failed to perform under the contract. For example, if the grass became too tall and the city had to go cut it. Building permits may expire and the city may impose penalties.
It is ALWAYS important that the buyer perform according to the contract. If you don't have the confidence that your lender and Realtor will perform, you should consider cancelling the contract before you assume the liabilities of defaulting on the contract.
same thing happened with me my broker said your offer is accepted and the bank wants to close in 30 days and the bank wants to see that $50000 down payment in my account which was going to be transferred from india and i transferred all the money from india by paying extra fees and when i told my broker here i have the down payment and i am back from india getting the first flight so excited i won this house here THIS MORON WENT ON TELLING ME THE BANK TOLD BE VERBALLY AND THAT THEY FIRST WANTED TO SEE THE DOWN PAYMENT . this is how it works you must ask the official acceptance letter from the bank.
Would you buy a car not knowing how much the tax, title, and license fees will be?
Atlantic & Pacific Real Estate
Your question is to vague to answer. Send me a copy of the addendum if you like for a better response or let us know what the exact verbiage is so we can assist you.