Site aims to crack closing costs black box
Ford Foundation provides seed money for Fairclosingcosts.com
By Matt Carter, Monday, April 14, 2008.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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