If you haven’t seen this video about the IndyMac Bailout by the FDIC in June 2008 then take a look. As an agent who works with short sales (representing both buyers & sellers) I understand the frustration that comes with the lack of responsiveness to offers and the often ridiculous counter-offers that arrive from the negotiators.

If this math is accurate it shows how broken the system really is.

Thanks to the team at Think Big Work Small for putting this together.