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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (3322)	7/10/2002 5:14:35 PM
From: Jim McMannis	Respond to of 306849

RE:"Doubt any consumer should get sucked in by a bank that wants to sell him the house, sell him the title insurance, sell him the loan, sell him the settlement service--and from there, sell him annuities, life insurance, mutual funds, and every other product under the sun" Don't be fooled. Banks could easily steal from Peter and pay Paul. They could and would reduce real estate commisssions to get business and make it up elsewhere on mortgages, closing packages etc. They would have a direct line to mortgage holders at their bank. They would simply hire salaried in house Real Estate brokers.