With so many people attempting to short sale their home, rather than face foreclosure, I thought it would be good to let you know who is legally able to do the negotiation. There are some opportunists out there who a trying to make a quick buck by charging a fee to do the negotiation. Here are the only people legally able to negotiate a short sale, other than the homeowner, in Washington State:
1. An attorney licensed by the Washington State Bar Association.
2. A real estate agent licensed by the State of Washington, though the agent cannot received any compensation above and beyond the regular real estate commission.
3. A loan originator licensed by the State of Washington and working for a company authorized to do so in Washington.
And so it begins…
9 months ago
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