Join Date: Apr 2006
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Actually I don't think xort mentioned how much has loan shark wanted, it might be more than $200. Which also leaves the question, is the loan shark providing title insurance (which can be bought) or simply charging him money because they are satisfying themselves about title and NOT providing insurance?
Too many issues being confused and ignored here, to say if the loan shark is being greedy or not. The same way you can buy a car and have the dealer take care of all the licensing and registration for you--often for a $50-100 fee, while they pay $15 to some plate service who sends a runner out every morning with a boxful of papers for two dozen customers all at once.