Is charging the buyer a premium for a short sale transaction a trend now?
I ask because I saw this statement in a short sale listing today: "Sale subject to court approval, subject to buyer paid premium of $25,000. The premium is a non financeable charge and is due in cash or equivalent at closing"
The phrasing of this leads me to believe the $25K is going to the homeowner and not the lender(s). I have a hard time imagining how a lender will approve a short sale package knowing the defaulter is going to walk away with $25K.
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