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Donald J. Leske II
Designated Senior Broker
Emily Leske / Lic. Agent
BCI PROPERTIES, LLC
Mail: P.O. Box 44065,
Tacoma WA 98448
Office Location:
10909 Portland Ave.
Tacoma WA 98445
Office: (253) 531-1010
Cell: (253) 241-6695
Accounting: (253) 324-9699
Fax: (253) 531-5358
We adhere to the Fair Housing Act
 HUD LAW
info link
Parent website:
www.HomesandProperties.com
NEED A HOME LOAN? CALL:
Ben
Leske / Loan Officer
Call: (253) 202-3355
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SHORT SALE HOW TO -
Here is an email I sent to a new client, a
"to-do" list to get started putting up your home for a Short Sale:
Please be aware that with a short sale,
there are Negotiator fees to pay of $995 flat that either buyer, seller
or the agents involved will need to pay at Escrow. Generally the
Sellers Agent and Buyers Agent will split these fees, to be paid out of
their commissions at time of sale. Please review these forms that need
to be filled out by Seller, Sellers Agent, buyers and buyers agent. We
will want Attorney's Title to handle all of our Title reports, Escrow
and Negotiations....as needed, see the Title companies main page at: www.attorneystitlewa.com
then click on Forms & Rates, then Short Sale Negotiation Forms link
at;
www.attorneystitlewa.com/forms.asp
Sellers and their Agent (Hopefully Don
Leske II) plus Buyers and their Agent... need to also review and
then sign & return forms at:
www.attorneystitlewa.com/ProfessionalSvcsAgt.pdf only 8 pages,
we only need back the signed or marked pages.
Then there is the actual Listing
Agreement itself. I will fill it out ..then the sellers will need to
review and make any changes or updates they feel are important or
needed..., then sign/date or initial as seen and return all pages back
to me.
Please know that this can be a 4-6
month process all in all and there is no guarantee of a sale, of
course.
They may find that if they call their
Lender, that they will be told that they must be 2 or 3 months behind
before they will negotiate at all. So, if they see that this is true
then they would need to stop making payments if they have not already
done so by now. Call me today.
NOTICE:
1. There is often a "fee" normally required when a
3rd party Short Sale Negotiator is hired or required by seller to
assist in such a sale. The seller, wheather the home owner or Lien
Holder, may require such assistance to facilitate or help the process.
The BUYER may be required to pay half or all of such a fee. Here is the
NWMLS (MLS) rule on that:
2. Short Sale Negotiators – Rule
11(b)(vii) / updated
here on September 8th, 2010.
Similar to
the auction issues, NWMLS has received numerous complaints and
questions about short sale listings where the seller expects the buyer
to pay a third party short sale negotiator. Selling agents and buyers
are often caught by surprise when, after submitting an offer, the
seller delivers a counteroffer that obligates the buyer to pay a fee to
a third party.
To eliminate that
surprise, new Rule 11(b)(vii) requires the listing member to disclose
in the Agent Remarks if the seller requests that the buyer pay a fee to
a third party, the amount of the fee, and the identity of the third
party. The Rule also requires that the listing member submit a
“letter on file” from the seller detailing this restriction. The
new Rule provides:
(b) Restrictions Permitted Only if
Signed Seller’s Request is Obtained in Advance. The following
restrictions on showing and sale shall be noted in the listing and the
listing member must obtain the Seller’s Request before the restriction
is imposed. . . .
(vii) The seller requests that the
buyer pay a separate, lawful fee to a third party, such as a short sale
negotiator. The listing must set forth the seller’s request, the
amount of the fee, and the identity of the third party.
While this request to pay a fee to a third party will most
often relate to short sale negotiators, it also applies to any fee that
the seller requests that the buyer pay to a third party.
2 SHORT SALE RULES HAVE CHANGED BY FEDERAL LAW
Read this article before proceeding. Posted October 16, 2009....
Click Here! [PENDING
APPROVAL OF THE AUTHOR]
See the article here meanwhile:
http://www.brokeragentsocial.com/article.php?article_id=523
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