Industry NewsTechnology

Site aims to crack closing costs black box

Ford Foundation provides seed money for Fairclosingcosts.com
Published on Apr 15, 2008

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by CareyBot

If many home buyers have never shopped for their own title insurance, will they use a Web site that not only helps them do that, but also select their own appraiser, home inspector, surveyor, or termite company?

Jeff Lazerson thinks they will, and armed with a $100,000 Ford Foundation grant, he's building Fairclosingcosts.com, a Web site that he says will allow not only consumers but real estate and mortgage professionals to shop for settlement services.

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