Listing The Property Question
Option One gave me no alternative but to list the house. 80/20 scenario $216K / $54K (both with O.One) plus almost $15K in arreas. My offer was a little over $184K . My questions are what should I tell my agent to list the house for? Is it standard for the Bank to pick up the commision? It may not look good because the HUD-1 will show that they will be getting even less than what is on the P.S agreement .
Thanks,
souza-ga
Ask Option One for guidance. Then tell us what they say! There is no use in you listing it for 220, if they will no accept anything less than 240.
Does you state allow deeds in lieu? In this case (unless there are other liens) Option One knows what they are getting into.