Professor Debra Pogrund Stark Says Study Suggests 1 in 3 Homebuyers Clueless about Mortgages

May 10 – CBS Money Watch

“Even with improved forms, if the borrower is distracted by conversation, they can fall prey to interjected distractions,” Stark said. “All it takes is someone asking a question or making a comment not related to the document and the borrower can miss important information. These types of distractions routinely occur at closings.”

Read more: 1 in 3 Homebuyers Clueless About Mortgages, According to Study Done by Prof. Debra Pogrund Stark

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