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RE: Crypto First - US Real Estate Transfer Executed On Ethereum Blockchain

in #ethereum7 years ago

Good news indeed. I was waiting for the first application to show itself. What a scam the whole title insurance and title search. You pay for both but they essentially mean nothing.

We need to chip away at the completely ridiculous process of getting a mortgage on a house. 8 wks to do what should be done in 2 weeks tops. I have never really figured out what takes so darn long in the process. Sure, there has be an appraisal done on the house/property, but this is one week tops. Then 2 days before the scheduled closing, they wake up and ask for all the information they said they didn't need that you took with you for your initial start of the loan process. The process is ready to be blown up and recreated on a blockchain. Too bad for all the people who currently run this ridiculous process, because there will be a lot of people without their jobs.