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I placed an offer on a Wells Fargo short sale that was accepted by the seller on Sept 1st 2016. My dad is my buyer agent. We have not heard back from the investor/lienholder and, in the meantime, I have read some posts that state that if your agent is related to you the lienholder will not pay the agent a commission. Is this true? If it is and I haven't heard back from the lien holder should I disclose my dad's relationship and try to submit another offer....he is allowing me to use his full 3% commission towards my closing costs:
Can I go back and tell the lienholder to raise offer to $116,000, no buyer agent commission, and the seller/lienholder pays $3,000 in closing costs.....lienholder still nets $113,000.
BTW there was another contract the lienholder signed off on 2 months ago at $113,000 paying 6% commission.