Bob has brought us a video from the Think Big Work Small guys that tells us how the tax payer is being abused by the FDIC and the big banks. Like he says, it's must watch material. Tighten your seat belts now.
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
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Provided by:
Esko Kiuru
Mortgage and real estate market commentator
www.BluefoxToday.com - syndicated mortgage and real estate blog
eskokiuru@gmail.com
My cell: 702-499-1006
Hi Esko, thanks for doing your part to spread the word!
Bob,
Any time. The consumer/ tax payer needs to know about this.
When I saw this I wasn't sure if I should laugh or cry!! At any rate, these guys are hilarious with their not so hilarious presentations!
Renee,
They are good, and brought up a topic that is troublesome. Very troublesome.