Interesting.....
Do NOT miss this....
Video Blog- "Is The FDIC Killing Short Sales?"- A MUST WATCH
Many of you read the blog I wrote in September/2009, entitled "Is The FDIC Killing Short Sales?" In the blog, I explained how OneWest Bank, who had received a sweetheart deal from the FDIC called a "shared-loss agreement", was holding my client hostage for a $75,000 promissory note demand.
In the end, once I reminded them of how much money they were getting from the FDIC, they agreed to drop their demand for the promissory note, and the short sale closed 3 weeks later.
Today, they guys at "Think Big Work Small" did a great video blog, describing my case. If this doesn't get your blood boiling, I don't know what will! Take 5 minutes out of your busy day to watch this video. It does a great job of what could be causing your short sales to stall.
Video Blog-"Is The FDIC Killing Short Sales?"- A MUST WATCH
Please Please Please do your part and re-post this blog to everyone you know. The "Think Big Work Small" website gets several thousand hits per day, and this story needs to get out!
Bob Hertzog
Designated Broker-Summit Home Consultants
P.S.- "Think Big, Work Small" did a follow-up to the story yesterday. Fast-Forward to the 1:50 mark to view it.
Now that was worth the time to look at. So what should we do about this I think it should be sent to all of our elected officials.