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Updated over 10 years ago,
Bank won't pay father relocation assistance!
I have been working for over 2 years now to get my Dad's house out of preforeclosure into a short sale status. He is 92. Now that the short sale offer has been accepted, FNME won't pay any relocation assistance because he doesn't live in the property anymore. It took 6 months and working with a realtor. I made the majority of the calls for assistance when it came to questions. I got all the docs in order, I contacted the negotiators. I gave the realtor the listing and, gave her the buyer as well. Now, there is almost 11,000.00 in realtor's commissions on here. But no relocation. I just wanted that for validation for all my hard work! I asked my realtor to contact the investor/buyer and tell him, if he wants the property he will have to pay me for it. Asking 5K cashiers check for me to sign the agreement (I have POA) If not, I will let it go into foreclosure and he can try his luck there. Now, he just built a 2 million dollar (art studio) across from where Dad used to live. He has about 5 homes of family members living up there in that neighborhood. My idea is he will just level the house and start fresh. This a premier lot. So am I wrong in asking this? Also, my realtor is freaking out saying she could lose her commission. I gave her the listing and the buyer .LOL! She suggested, she will talk to him, and even 1,000 bucks is better than nothing. How about half her commission to get this done? Sound good? I need advice please.