Here’s a question that is asked at least one time a day, and with good cause:
Q:How do you get paid? (the real estate agent)
A: The bank (your lender) will pay commissions along with all the other usual closing costs.
That’s important for you to know. When your in financial duress the last thing you want to hear is that to avoid foreclosure it’s going to cost you money! We also want to point out a very common question that every seller asks us at the time an offer has been made on the property….
Many offers come asking for extra’s, things like seller to pay closing costs. This is confusing for the current owner (seller) of the home. In reality, if your home is up for Short Sale your signature is required on the purchase offer because you are the legal owner on title. But in actuality the bank is the seller.
