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Updated about 14 years ago,

Kathleen Thomas's profile image
Kathleen Thomas's profile image
Kathleen Thomas
  • from Little Falls, New Jersey
  • Member since Aug 14, 2009
Connect

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6
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1
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Kathleen Thomas's profile image
Kathleen Thomas's profile image
Kathleen Thomas
  • from Little Falls, New Jersey
  • Member since Aug 14, 2009
Connect
Kathleen Thomas
  • Little Falls, NJ
1
Votes |
6
Posts
Foreclosures

1% Short Sale Admin Fee by Banks

Kathleen Thomas
  • Little Falls, NJ
Posted

I have been doing short sales for about 3 years now, but this is the first time I have recieved from a bank a short sale fee of 1% of the selling price payable by the buyer. Has anyone else seen this? Is anyone aware of a way around this fee? Seems like banks are really scraping the bottom here by charging the buyers. I'm really upset about this.

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