You’re gathering information to list your house so you contact your mortgage company’s service center for loan information. Their representative tells you how to obtain your loan payoff balance and then adds, “Don’t worry. The closing agent will collect the prorated principal and interest due on the loan as of the date of closing”.
The news from Homestore.com was hardly unexpected: After months of falling share prices on Wall Street, ongoing broker complaints, and doubts regarding its business model, the online giant announced yesterday that an "organizational realignment and cost reduction plan" were underway.
Sellers can be rough stuff. Unless you are lucky enough to get one as a referral from a satisfied former client (not the ones you pay 35 percent of your income to get) you are most likely going to be approaching a seller as a stranger and having to prove to them why you are the right agent to help them sell their home.