http://www.realestateindustrynews.com/short-sales/having-problems-with-commissions-on-short-sales/ Real Estate Industry News and Information for Real Estate Professionals Wed, 04 Jan 2012 18:24:17 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.realestateindustrynews.com/short-sales/having-problems-with-commissions-on-short-sales/comment-page-1/#comment-550 Kent Barnes Wed, 02 Dec 2009 05:15:41 +0000 http://www.realestateindustrynews.com/?p=3#comment-550 Sir, what if the lender agrees to the 6% but the approval letter does not allow enough time for closing based upon the HUD tax calculation. Meaning the HUD tax calculation is through a specific date but the closing is beyond that date. The lender's approval only provides for a dollar amount up to the specific date on the HUD but due to the long period of time the lender took to approve the short sale the HUD is out of date. Do the agents split the tax difference if the lender will not adjust the HUD? The short sale loan is not a Fannie Mae loan. Sir, what if the lender agrees to the 6% but the approval letter does not allow enough time for closing based upon the HUD tax calculation. Meaning the HUD tax calculation is through a specific date but the closing is beyond that date. The lender’s approval only provides for a dollar amount up to the specific date on the HUD but due to the long period of time the lender took to approve the short sale the HUD is out of date. Do the agents split the tax difference if the lender will not adjust the HUD? The short sale loan is not a Fannie Mae loan.

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