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Updated over 16 years ago on . Most recent reply

Hassan Omar's profile image
Hassan Omar's profile image
Hassan Omar
  • Real Estate Investor
  • from chicago, Illinois
  • Member since Sep 27, 2008
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Hassan Omar's profile image
Hassan Omar's profile image
Hassan Omar
  • Real Estate Investor
  • from chicago, Illinois
  • Member since Sep 27, 2008
Connect
Hassan Omar
  • Real Estate Investor
  • chicago, IL
5
Votes |
98
Posts
General Real Estate Investing

Have any banks declined to pay your option fees?

Hassan Omar
  • Real Estate Investor
  • chicago, IL
Posted

This hasn't happened to me yet, but has for a friend of mine. He was trying to get paid a $15k option fee on a simple $150k deal, but the bank funding the buyers loan balked on paying the fee even though it was to come from the sellers proceeds.

Have any of you had this occur? If so, how did you overcome it?

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