Southwest Florida Title Insurance & Real Estate Blog -

Archive for January, 2013

Should a Home Buyer Pay a Short Sale Negotiation

We have been reviewing recent activity in the home short sale market as we are wont to do and found a couple of surprises.

The most glaring was the number of multiple listing service (MLS) detail that burdened the buyer with paying commission to the listing agent, short sale negotiation fees to a 3rd party, or even the seller’s attorney fees.  Here are some examples of what we found:

  • “Buyer agrees to pay listing agent a bonus commission of $2,000 at closing.”
  • “Buyer to pay $2,500 at closing to 3rd party short sale negotiators.”
  • “Seller’s attorney will attempt to collect a fee of $2,500 from short sale lender at closing.  If lender should refuse to pay any amount of said fee, Buyer shall be responsible for the difference between $2,500 and the amount paid by the lender.”

My first thought was that such detail would discourage buyers from looking at these properties, which would be a reasonable presumption if there were a proven, no-cost, no-obligation-if-it-doesn’t-close short sale solution (which there is of course!) currently in the marketplace.

Curious, I put the question to our database of successful real estate professionals and to a short sale-focused online forum.  Responses were quick but thoughtful.

 

Winged Foot Title is sponsoring another family movie night at Alliance for the Arts on Friday, February 8, 2013 beginning at 6:30pm. And as you probably guessed from the preview above, it stars Steve Carell in the hit movie from 2010, Despicable Me.

This is our third consecutive year promoting this event because we love when families can come together and enjoy each other’s company for a movie. But this isn’t like watching a flick in a movie theater…oh no! This is much better!

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A Night for the Arts with the Screaming Orphans

Posted by Chris On January 23

Screaming Orphans

Winged Foot Title is a proud sponsor of A Night for the Arts for the second consecutive year. All proceeds benefit the Alliance for the Arts and the Sidney Berne Davis Art Center.

We’d love to have you come join us this Saturday night (January 26, 2013) starting at 6:00pm for a concert featuring the Screaming Orphans.

The event, presented by the Rotary Club of Fort Myers, takes place at the Sidney Berne Davis Art Center located at 2301 First St., Fort Myers, FL 33901. Tickets are $60 and can be purchased at SBDAC.com.

Need more info? Call (239) 332-8158.

See you there!

-Chris

First of all, let me say Happy New Year to you, your family, and friends from all of us at Winged Foot Title.

We hope you had a great 2012, fun filled holidays, and are enjoying 2013 so far.

2012 was a pretty successful year for us which included:

This year, the plan is pretty much the same. We’re doing our best to educate and help homeowners through the orchestration of their short sale so they can avoid the devastating effects that a foreclosure can leave on their credit scores.

In addition, we’re dedicated to sharing certain business tactics that have been working well for us with others in our industry. In fact, in just 2 days…

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NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.