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Iggys House CEO reports ‘restructuring’

Web sites are down; former brokers report cuts

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Iggys House, a company that has offered low-cost and no-cost real estate services, is undergoing a "restructuring" that includes the departure of some brokers, the company's CEO said Monday. The company's Web sites, at IggysHouse.com and BuySideInc.com, were not functioning on Monday, and Joseph Fox, CEO for Iggys House, told Inman News that the company "is in the middle of restructuring" and is "expected to be back online in the next week or so." He said that some brokers "are no longer with us," and that he could not discuss more details about the restructuring at this time. Fox founded BuySide Realty, a buyer-focused discount company that was the predecessor to Iggys House, with brother Avi. The duo had earlier created online stock brokerage company Web Street Securities and took that company public in 1999 before selling to E-Trade in 2001. There were plans to take Iggys House public as well, though its initial public offering plan...