The Truth About Short Sales - See What the Bank Does!

By
Real Estate Agent with Prudential Calfornia Realty

In response to my "Why Why Why does this continue" post regarding short sales, I think that this speaks volumes about what is going on and why the housing industry is in the hole that it is.

It is really despicable considering how many businesses housing affects from movers to furniture to carpet cleaners to appliances to pest control.  When the housing market goes down it hurts a lot of people.

Watch this Sweetheart of a Deal video

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Rainer
219,173
Robert Amato
Bob Amato of Empire Home Mortgage Inc - East Meadow, NY

Wow what a scary video!! It all makes sense now. BUT, the FDIC has to give these sweetheart deals to get financially sound banks to buy the undercapitalized banks. It is ugly but the FDIC has to get these properties, loans off of their books. I kind of understand it but I do not agree with it.

Sep 25, 2010 04:20 AM #1
Rainer
169,206
Herb Johnson
Access Capital - Florence, KY

Krista:

You are right, that which is going on in the housing market is despicable. When you consider that the entitieswho are causing the major problems are the same ones that our government gave 750 billion of our tax dollars to.

Sep 25, 2010 04:23 AM #2
Rainmaker
754,486
Ritu Desai
Samson Properties - Ashburn, VA
Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949

It is scary !!!

Sep 25, 2010 04:24 AM #3
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Rainmaker
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Krista Lombardi

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