David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2008 

                                                         Here are twenty reason to eliminate junk mail. Works for me ! How about you ? 1. The benefit of reducing negative environmental impact is nearly incalculable. 2. Labor costs would be reduced. 3. Excessive and uncompromising storage requirem...
05/25/2008
                                                                    Here are twenty reason to eliminate junk mail. Works for me ! How about you ? 1. The benefit of reducing negative environmental impact is nearly incalculable. 2. Labor costs would be reduced. 3. Excessive and uncompromising stora...
05/20/2008
                                                      I posted this to a blog and I was encouraged by a friend to post this to the community: Many agents are start up agents, new entry, new affiliates, and don't have the financial advantages of our more affluent realtors. It's difficult for them...
05/19/2008
                                                 When a buyer doesn't have all of the cash that they need to close, after they've coughed up the downpayment and other loan expenses, the seller might want to come to the rescue and make up the difference. Can this be helpful to the buyer? Can it be...
05/18/2008
                                             I'm not an appraiser, although I've prepared a few CMA's and BPO's pro bono on napkins for pals at Starbuck's. Appraisers consider what they call the comparable sale method to be the most reliable means of calculating and estimating the capitalization ...
05/18/2008
                                                       Well, in a nutshell, when a foreclosed property doesn't sell for enough money to pay off the foreclosed mortgage, which could also be a result of declining property value since the mortgage was taken out, we end up with what we call a deficit...
05/18/2008
                                                    Nobody's forcing you to adhere to any religious principals or denomination here. What we are faced with is the legal right to get your property back after the foreclosure sale. This is what we call post-sale redemption, or the statutory right of...
05/18/2008
                                                 In some states, throughout our great land, a defaulting borrower doesn't have the right to reinstate or cure their loan once the home has been foreclosed. What the borrower does have is the legal right we refer to as the equitable right of redempti...
05/18/2008
                                                          Where not talkin' about fast cars and cheetas. When a motgage defaults, when the borrower fails to repay the loan or by trashing the covenants in the mortgage, the mortgagee (the lender) can contact the mortgagor (the borrower) and demand ...
05/18/2008
                                           Most appraisers try to be as objective as possible when arriving at a conclusion that sets the value for the property. This is what we all refer to as the appraiser's opinion of value. If a low appraisal ticks your client off and you think that the appr...
05/18/2008
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David Saks

Broker / Industry Analyst
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