Friday, May 23, 2014

Is there a difference between a regular sale contract and a short sale contract?

I ONLY mean the ACTUAL contract. In other words what you sign with a real estate agent for your house to be sold. I know the difference between a short sale and a regular sale. I just want to know if the contracts look the same and it is just an accepted fact that the bank will pay the real estate agent and the short sale lawyer. Or, should there be something written in the contract stating this? I was told by the real estate agent that there is no special contract for short sales and it is just understood that the mortgage company pays both them & the lawyer. Is this true?

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