If I ever get to Washington D.C. I'm going to call on Kenneth R. Harney and buy him a beer. Mr. Harney has been a great voice on a topic that has been a thorn in my side for about the last 7 to 10 years, sham/joint venture title companies. This article by Kenneth Harney appeared in the Free Press yesterday.
Update:
Hmmm, it looks as though we are unable to access the link. Anyway, the jist of the article is that if your realtor, lender or builder says you have to use their affiliated title company you should question their intention because they may be making more profit off of you for services they themselves are not performing. Unless steering (an illegal activity, by the way) is a service.
http://www.freep.com/apps/pbcs.dll/article?AID=/20071202/BUSINESS04/712020567/1017/BUSINESS
Update:
Hmmm, it looks as though we are unable to access the link. Anyway, the jist of the article is that if your realtor, lender or builder says you have to use their affiliated title company you should question their intention because they may be making more profit off of you for services they themselves are not performing. Unless steering (an illegal activity, by the way) is a service.
http://www.freep.com/apps/pbcs.dll/article?AID=/20071202/BUSINESS04/712020567/1017/BUSINESS
posted by doug at 12/03/2007 01:41:00 PM
2 Comments:
haha! I was wondering how long it would take you to post about the corrupt title insurance bastards.
me too.
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