SellingNorthernNV

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FannieMae Pre-foreclosure Sales Commission

Per: Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers

Effective March 1, 2009, closing of pre-foreclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. Servicers are reminded that they must continue to obtain any approvals that may be required by interested third parties in connection with pre-foreclosure sales.

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com

Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

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This entry was posted by Josh Talayka on Tuesday, June 2nd, 2009 at 12:11 pm and is filed under FannieMae, Short Sale & Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

About The Author

Josh Talayka
Aside from my knowledge and experience in the Real Estate Industry, i also bring to the table a background in both Retail Sales and the Information Technology Industry. My Sales experience gives me the ability to handle objections easily and quickly take control in any negotiation. Whether you are looking to buy or sell, I guarantee that with me in your corner you’ll have the upper hand throughout the transaction. My experience in the Information Technology Industry gives me a unique edge in today’s high paced, internet driven world.

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