The truth about real estate’s Controlled Business Relationships

We recently received an email from a potential customer who was trying to be an informed consumer and get a fair deal on a mortgage. Here’s the opening line: “I’m considering a refinance to shorten term and lower rate. Lenders are unable to provide any kind of transparency (or patience) with questions on fees.” Unfortunately,…

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Did they really get a good deal on title insurance?

A Philadelphia real estate broker recently referred a couple to us for title insurance; she had listed their Center City home for sale.  The couple wanted to move closer to work, and planned to buy a home in Bucks County.  Since the couple was moving out of the city, they were working with a different…

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The Value of Having Your Own “Wrecking Crew”

Twenty five years ago when Ronald Reagan was finishing up his second term in office, I passed the real estate exam in Pennsylvania. I still remember the first house that I sold in Willow Grove PA for $85,000 and the rate for the borrower’s thirty-year mortgage was 10.75%. I think I showed Sharon and Jay…

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