i plan to list my condo in florida for a short sale…contacted a realtor and he wants to charge me a $249 "short sale processing fee" at closing…i was under the impression that the bank paid for all the fees.

Please and thank you.

You should call the local real estate board as well as the real estate broker this real estate agent work for to find out if this is a common practice in your area for real estate agents to charge a Short Sale Processing Fee.

It appears as if it is another way to add fees to get additional funds or fees in to the real estate agent’s pockets.

Normally the lender would want the condo listed for sale by a real estate agent prior to you applying for a short sale. Also the lender would want you to have the assistance of a real estate in completing the short sale packet.

I have never heard of a short sale processing fee. The real estate agent would get a commission once the property is sold.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

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My friend is trying to buy a home in Florida from some people trying to sell on a short sale. Countrywide is claiming that they failed to process her paperwork on the sale and that it will take months to redo. why is this happening?

because they failed to process the paperwork properly… don’t know just a guess

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Brett Ellis presents the SW Florida September 2011 SW Florida State of the Market Report. Brett covers distressed sales, foreclosures, short sales, traditional sales, listing inventory with graphs and market data for the Fort Myers, Cape Coral, Fort Myers Beach, Bonita Springs Florida market. http://www.topagent.com View or Blog for detailed charts and graphs http://blog.topagent.com Follow us on Twitter @swfltopagents

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