Posted by Irwin on December 28, 1999 at 06:48:51:
All VA-HUD sales work the same way nationwide. The commission is ALWAYS paid by VA/HUD from the sale proceeds. They both pay up to 6%. Of course, the broker can lower the commission, as I often do, in order to produce a higher net bid and have a better chance of winning it, BUT, IMO no one would do this kind of work for a few hundred dollars.
VA/HUD Foreclosures - Posted by Steve
Posted by Steve on December 27, 1999 at 10:14:38:
Should I expect to pay realtor fees when bidding on a HUD / VA foreclosure?
NO - Posted by Dave T
Posted by Dave T on December 27, 1999 at 17:56:43:
You do not directly pay the realtor’s commission on a HUD or VA foreclosure. The seller (VA or HUD) pays the commission from the proceeds of the sale.
Of course, the winning bid is the one giving the highest net to the seller after the commisison is paid. Some realtor’s may agree to reduce their commission so that your bid results in a higher net to the seller.
Re: VA/HUD Foreclosures - Posted by Bill K. - FL
Posted by Bill K. - FL on December 27, 1999 at 15:07:55:
Yes, but they are negotiable. Some brokers charge a flat rate of a couple hundred dollars.