South Lyon Michigan Home Buying

Hopefully an informative blog about home buying in and around South Lyon. Including Whitmore Lake, Hamburg, Pinckney, Brighton, and Milford.

Tuesday, March 6, 2007

Watch out for "Affiliated Business Arrangements"

A big thing now with big real estate companies is making money on parts of the real estate transaction other than the brokerage fees. That means mortgage, title, warranty, and insurance.

Well a Coldwell Banker company got busted for taking advantage of their buyers and sellers. Here is an article from the WashingtonPost on the subject:
  • WA Post article on class action suit
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