# 2nd Loan on a Short Sale is negotiating commissions

**URL:** <https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987>\
**Category:** Residential Realtors\
**Created:** [January 13, 2010, 12:09am UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987 "2010-01-13T00:09:37Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Phil\_Sotelo](https://avatars.discourse-cdn.com/v4/letter/p/9d8465/32.png) [@Phil\_Sotelo](https://community.propertyradar.com/u/Phil_Sotelo)\
**Post date:** [January 13, 2010, 12:09am UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987/1 "2010-01-13T00:09:37Z")

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Has anybody had a 2nd loan on a short sale negotiate commissions? I have a transaction that the 2nd is telling us to cut our commission to 2% and remove $3,750 towards buyers closing costs that the 1st loan already agreed to pay! Any advice?  
Thanks.

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**Author:** ![Kat\_Hegg](https://avatars.discourse-cdn.com/v4/letter/k/c89c15/32.png) [@Kat\_Hegg](https://community.propertyradar.com/u/Kat_Hegg)\
**Post date:** [January 12, 2010, 11:29pm UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987/2 "2010-01-12T23:29:18Z")

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I can help with a comment if I know if the second is a loan that was part of the purchase. example: 80/20 loans for purchase of the borrowers primary residential home.

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**Author:** ![Tracey\_Martin](https://avatars.discourse-cdn.com/v4/letter/t/fbc32d/32.png) [@Tracey\_Martin](https://community.propertyradar.com/u/Tracey_Martin)\
**Post date:** [January 13, 2010, 12:31am UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987/3 "2010-01-13T00:31:07Z")

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That happened on one of my short sales with WaMu. They got what they wanted. The worst part was that even after they got 25% of the outstanding debt, they would only release the lien, not the deficiency. I avoid short sales with a WaMu second. Good luck!!

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**Author:** ![Stacie](https://avatars.discourse-cdn.com/v4/letter/s/6f9a4e/32.png) [@Stacie](https://community.propertyradar.com/u/Stacie)\
**Post date:** [January 13, 2010, 1:25am UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987/4 "2010-01-13T01:25:46Z")

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Unfortunately, many lenders (2nd) are now negotiating commissions to 5% total. What is the particular bank you are dealing with and what are the circumstances: purchase money, cash out refi…?

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**Author:** ![John\_Greff](https://avatars.discourse-cdn.com/v4/letter/j/c68b51/32.png) [@John\_Greff](https://community.propertyradar.com/u/John_Greff)\
**Post date:** [January 13, 2010, 6:42pm UTC](https://community.propertyradar.com/t/2nd-loan-on-a-short-sale-is-negotiating-commissions/987/5 "2010-01-13T18:42:31Z")

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“Short Sales”,I call them “shorties” Just like the little man with a chip on his sholder.last year I listed and sold a number of "shorties"Chase has become the little bully of the yard.They lose files,tell you to just drop it,and are basicly the “Deal Killer” I avoid them like the plague they are.