This week’s Preforeclosure “Tip of the Week” is about how to train an Attorney or Title Company on how to properly conduct a short sale transaction. We also cover the latest and greatest backdoor move that Chase pulled and much more.  Watch more preforeclosure media at ShortSaleDailyNews.com or PreforeclosureDailyNews.com.

One Response to “How to Train an Attorney on a Short Sale Transaction!”

1. Steve says:

   September 28, 2009 at 11:06 am

   Hi guys,

   I got an acceptance with Wells Fargo but they refuse to allow a loss Mitigation fee to a 3rd party. Lucky I have 3% in Closing Cost which were approved. Wells Fargo also had buyer and seller sign a “Arms Length Transaction” which states nobody else can benefit from the sale.

   My question: Should I submit a bill to the closing attorney for the 3% or do it outside closing directly with the Buyer (which is a possible option as per the the fee agreement I have the Buyer sign). I just figure that if it is outside closing it would not raise any flags with Wells Fargo.

   Thanks,

   Steve

   Reply