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Member Since: 10/2007Last Seen: 11/23/2009

Real Estate Industry Upset Over Single Sheet Of Paper

News Type: Other — Seeded on Sat Jun 14, 2008 4:54 PM EDT
Read ArticleArticle Source: Business Week
Seeded by secaa23
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A single sheet of paper has the real estate industry in an uproar. When a potential home buyer applies for a mortgage, he or she receives "Good Faith Estimate. It spells out the thousands of dollars in fees the buyer is expected to pay when the deal closes. It can be confusing, there are different versions, and it is subject to abuse and fraud.

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