Too many people here are making the assumption that the buyer and seller are two separate and distinct entities.
There is plenty of anecdotal evidence to show that a number of deals are going through where the “buyer” is really related to the seller. This is why many of us are upset.
If the seller controls the deal, then they can sell it back to themselves (often via a third party) at whatever price they want.
It’s a bit like agreeing to buy a widget for $1,000, taking out a 100% loan for it, then defaulting, and buying it back from yourself for $400 — because you control the deal, instead of the lender.
If the LENDER is losing money, then the LENDER should be the only entitiy to control the deal, and all offers should be submitted directly to the lender or **the lender’s** agent. This is especially important when taxpayers are the ones covering the lender’s losses, either directly or indirectly.
