Who pays the Realtor commission in a short sale?

In most short sales, the mortgage lender approves and pays the Realtor commissions from the sale proceeds as part of the negotiated settlement.

Does the seller pay closing costs in a short sale?

Most closing costs are negotiated and approved by the lender. The seller typically does not bring funds to closing unless specifically required by the lender as part of the approval.

Who pays title and escrow fees in a short sale?

Title, escrow, recording, and settlement fees are generally paid from the sale proceeds according to the lender's approved closing statement and local customs.

Can a lender refuse to pay certain short sale fees?

Yes. The lender reviews the settlement statement and may reduce or deny certain fees before approving the short sale, requiring adjustments before closing.

Do sellers have to pay money at closing in a short sale?

Many short sales close without the seller bringing funds to closing, although each lender evaluates the borrower's financial situation and may request a contribution in some cases.

Blog ⋆ Page 6 of 17 ⋆ My Florida Home Sale

Short Sales

How do the Realtor fees work in a short sale?

Minna Reid

November 5, 2024

How do the Realtor fees work in a short sale?

Short Sales, HUD Partial Claims

FHA Short Sales in Florida: A Guide to the FHA Pre-Foreclosure Sale Program

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Jacksonville Market Reports

Jacksonville, Florida Market November 2024: Inventory hits 5 year high!

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Jacksonville, Florida Market November 2024: Inventory hits 5 year high!

Uncategorized

CLOSED! 2704 Safeshelter Drive, Jacksonville FL 32225!

Minna Reid

October 6, 2024

CLOSED! 2704 Safeshelter Drive, Jacksonville FL 32225!

Jacksonville Market Reports

Jacksonville, FL Market Update 9/2024: Sales down, inventory and foreclosures on the rise!

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JUST LISTED! 400 Cherry Street, South Daytona FL 32119

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August 27, 2024

JUST LISTED! 400 Cherry Street, South Daytona FL 32119

Foreclosure

FHA leads the way in mortgage defaults!

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Home Buying, Short Sales

How long will it take to get a new mortgage after a short sale?

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July 22, 2024

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Investors, Jacksonville Market Reports

Jacksonville FL Multifamily Market Report 2024

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Foreclosure, Jacksonville Market Reports

Jacksonville Foreclosure Inventory on the Rise!

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July 10, 2024

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REVIEWS

CHRISTIAN LEON

BUYER

Minna Reid with Killebrew and Company Realty was amazing! I did my whole buying process from overseas while on deployment and she was the only reason the process went as well as it did. She is very thorough. communicates very well, and will go above and beyond for you! Best realtor I've ever had! I will be using her again in the future for my next investment property buy

dONNA HARMON

Seller

We went through a short sale and Minna's team was amazing every step of the way. They made a very sad and stressful time seem easier by handling all the little details. They always stayed positive and put us in contact with an amazing legal team. We couldn't be more pleased.

MINNA REID'S Recent Posts

How do the Realtor fees work in a short sale?

FHA Short Sales in Florida: A Guide to the FHA Pre-Foreclosure Sale Program

How to short sell your home

HUD Partial Claims and Florida Home Sales: What You Need to Know

Jacksonville, Florida Market November 2024: Inventory hits 5 year high!

CLOSED! 2704 Safeshelter Drive, Jacksonville FL 32225!

Jacksonville, FL Market Update 9/2024: Sales down, inventory and foreclosures on the rise!

JUST LISTED! 400 Cherry Street, South Daytona FL 32119

FHA leads the way in mortgage defaults!

How long will it take to get a new mortgage after a short sale?

Jacksonville FL Multifamily Market Report 2024

Jacksonville Foreclosure Inventory on the Rise!

CHRISTIAN LEON

dONNA HARMON

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