Opendoor Gets Slammed Shut With $62 Million Fine

Yet another Housing Market issue with the iBuyer group. First it was Zillow with the catastrophic failure of the buy and sell business. Now we find that Opendoor allegedly mislead customers (Home Sellers) that they would make more money selling to them, rather than going down the traditional Real Estate Agent & MLS listing route. Opendoor agreed to settle for $ 62 Million. The very next day they announced a new "product" for Homeowners, which should buy them some much needed goodwill.