Contacted Loss Mitigation Dept. requesting Short Sale Package & rep asked if the property was listed with a Realtor. This is a pre-forclosure situation with little/no equity, repairs needed, and would be difficult to market for a profit on a regular sale and thus perfect for Short Sale. Buyer has not listed with agent as of yet.
My question is will the Loss Mit. dept. negotiate a short sale without a RE Agent listing and if so, is it best to not involve one?
Can’t I just write up a sales agreement and submit that with a settlement sheet stating that no commissions will have to be paid? That way the bank (seller) would not have to pay any commissions off the negotiated price?