Video Blog- "Is The FDIC Killing Short Sales?"- A MUST WATCH

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Original content by Bob Hertzog

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.

Video Blog-Follow Up

Comments (1)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

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.

Feb 09, 2010 04:33 PM