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Foreclosure Sale |
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Does a Realtor lose out on money when the buyer purchases a foreclosure home? |
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It all depends. There are several ways to "purchase a foreclosure home". If it's sold quickly by the owner before the actual foreclosure, the owner would probably have hired a broker who would be paid. If it's bought at a public auction at a foreclosure sale, there's no broker involved, and no commission paid. If it's sold after the foreclosure, by the lender who took title, a broker has probably been retained to handle the sale and would be paid by the lending institution.
If the purchaser has the assistance of a buyers' agent,, that might be a different mattter and again, it all depends. |
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Edith
Originally published on January 23, 2008 |
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