Asked by The Hagley Group, Pleasanton, CA • Sun Nov 18, 2007
Thanks to all who answered and debated my original question. I ended up keeping this in house and training my assistant to help with the process. NOW.....here's a new one for you....
I noticed on a HUD-1 that the agent representing the lender in an REO transaction was charging a $1500 "adminsitrative" fee on top of his commission to the lender . At time of closing, this was still being "negotiated "with the lender (which leads me to beleive they are not paying....) I think this is brilliiant on behalf of the selling agent...especially if he can get the fee. Has anyone else tried this? Thoughts?
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