The fundamental flaw within the current real estate and finance system, is the lack of clear information and basic financial knowledge. In other words the flaw is ignorance. Now, ignorance does not mean stupidity, but rather it is defined as:
ignorance
noun
lack of knowledge or information
We must realize the vast majority of American home investors (in traditional mortgage language a home investor is called a borrower or consumer) are ignorant about their largest asset and largest liability. They make one of the largest investment decisions of their lives, based on the information found in the Good Faith Estimate and Truth In Lending documents.
Read more about the Fundamental Flaw in the real estate finance system.....
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