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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: yard_man who wrote (1010)5/9/2003 7:15:36 PM
From: Wyätt Gwyön   of 4907
 
what really costs in terms of real resources -- i.e. labor, extra paper??

the title company, appraisal, lawyer fees, origination fees. there's probably at least 2% actual cost that's paid out to the various paper pushers involved, whether it gets wrapped into the loan or paid up front. of course, there's zero economic value, but that's a separate story.
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