If you have tried to get a home loan modification, you probably know how hard it can be. When you calculate the numbers, it typically makes sense for the bank to modify your loan vs. having you go through a short sale or a foreclosure. Right?
Wrong.
To us on the outside of some bank dealings, we always wonder why banks take so long and are so nonchalant about getting a response to a perfectly good short sale offer. It takes most banks months for what should take them weeks. When you have insurance money and government money mixed into the scenario, it messes things up and the bank’s response and time frame for a response just don’t make sense anymore.
Watch this video below about IndyMac, the goverment FDIC, and Goldman Sachs to see an perfect example of why the real estate and mortgage industry is so messed up right now. The government got involved. That is why.






