Michael Church

The Real Reason to Avoid Homebuilders

Thanks for the info. I recently bought a home and had i not had a good friend in the mortgage industry to point some of these things out, i may have never noticed. And as i watched the process unfold it became clear to me that a good deal of these fees and various services were less than reputable.

The Real Reason to Avoid Homebuilders

www.tbo.com/news/metro...

makes you say, hmmmmm

The Real Reason to Avoid Homebuilders

Being "unrepresented" and "taken advantage" of as a result, doesnt exactly scream ethical. Id be curious to hear from those more ethical industry members who undoubtedly have a solid perspective on this. Just trying to spark thought.

The Real Reason to Avoid Homebuilders

Title Insurance is not an obscure fee, its rather large. But you dont think that charging people anywhere from 1000-3000 for a simple search for liens is a bit extravagant???? Im not claiming the sky is falling. I was simply trying to provoke thought here. And i disagree with u regarding HUD documents. These things are filed away with the brokers and are swept under a rug. I dont see any of the transparency you are reffering to. "Fiduciary Responsibilities: yes, they do have them. And i am suggesting that they are more frequently violated than most think. How is a situation where the buyer and seller agents are sharing a commision not lead to collusion in at least some instances?????

Time will tell. and as i said i have no hard evidence of this other than what i see and hear from those in the industry. I sincerelely hope i am way off here. However, i suspect that such behaviors are more prevalent than most think.