Posted by HrdwrkrVA on 7/20/11 11:32am
Msg #390346
When asked to reduce your fees...
Tired of those SS's that ask you to accept lower fees? Afriend of mine is one of those lowball NSA's that accept ANYTHING they throw her way, w/ the 'something's better than nothing' philosophy. She's now working three jobs (incl. a midnight - 8am shift!), thinking that she'll make it up... I tried to explain that she's making it harder on everyone esp herself (unless she only plans on sleeping on the wknds)! SMH!!!!
Next time I get a call/ email asking me to accept a lower fee:
"I understand & totally agree w/ you that this is a lousy market. So, even though gas, paper and other supplies have risen astronomically over the past _ years, in the interest of keeping closing costs down, I've not raised my fee & will try not to do so, even as my own business costs continue to soar" or something like that!
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Reply by Julie/MI on 7/20/11 12:59pm
Msg #390358
Let them take the lowball fees
They will be too busy to take the good payers.
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Reply by MW/VA on 7/20/11 1:07pm
Msg #390360
It's been brought up many times that once you start accepting the low fees it's harder to get them raised. Once again, I haven't seen ANY reductions in fees on the HUD Settlement Statement to the borrowers! :-(
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Reply by gowithn/TN on 7/20/11 3:07pm
Msg #390393
I've been told this today by a well known company that people are accepting BOA loans (big pkgs and massive faxbacks) for $45-$80. Shame on anyone who accepts these jobs. I asked to have my name removed from their list of active agents.
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Reply by MW/VA on 7/20/11 9:04pm
Msg #390433
Well, it will be interesting to see how long people
accepting those fees will be around. Also, if someone is moonlighting, printing at work, etc. & has very little expenses, it's not a bad deal, after all.
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Reply by JanetK_CA on 7/21/11 3:38pm
Msg #390513
Re: Well, it will be interesting to see how long people
"not a bad deal, after all..."
...except for the person or company they're stealing from!
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Reply by gowithn/TN on 7/21/11 6:05pm
Msg #390541
Janet you are right on the money..pun intended. n/m
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