2. Short sale the seller RECEIVES zero money all monies are paid to the lender not to the property owner
3. Seller agent why would they be requesting cash from you ? OR are you paying cash ? NO matter what the property must go thru transfer of title based on your state laws. ANY cash would be paid to BofA not the seller
4. Yes the seller can walk off on any property at anytime ...
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
It is possible for your agent & the seller's agent to come together & work with the bank together. The seller's agent CAN have the sellers also authorize YOUR agent to speak with the bank on your behalf. This must be done very carefully. Both agents need to work together as a team.
In regards to the sellers agent requesting cash money....do you mean a contribution through escrow? If so, that is something that is sometimes necessary to finalize the negotiations. For example, the 1st often times only allows a certain a amount to go to the 2nd.....but may allow the buyer to contribute. If the agent is requesting that you do something outside of the escrow and not on the HUD-1, CJ is definitely correct, that would be considered fraud and should be addressed immediately.