Posted by MrsKay on 4/23/09 9:33am
Msg #286036

Short Sale! Closing

Any advised on how much can I charge for this type of closing?

Reply by Gary Boehm on 4/23/09 9:42am
Msg #286039

Short Sale! Closing

I just did one where an investor was involved - turns out it was someone I knew. When the Title company called they told me the Sellers and new Buyers would be there too. The property was going from the Sellers to the Investor, and then from the Investor to the Buyers. I said, Hmmm, sounds like a double closing. Before I could ask they said ok! We'll pay double your usual fee! Of course I did not hesitate to say OK! There was no loan involved so the whole thing was less than 30 pages. A double fee Wow!

So some of these can be very simple. You can discuss the number of pages with them but no reason it can't be your usual fee for a normal signing, or more if it is more complex.

Reply by Dorothy_MI on 4/23/09 10:36am
Msg #286042

Whatever you get for a regular purchase closing because that's what it is (with the bank involved).

Reply by MrsKay on 4/23/09 4:03pm
Msg #286075

Thank you guys!!! It was just 45 pages for the whole package and did it in less than 2 hrs. It was my first short sale. Anyways it help me a lot.....Thank you again. Now wait to see if they are as good as Quicken Loans