David Saks

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Education & Training - TN LIC# 290452 (retired)
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

2009 

                            An appraisal is generally considered to be based on value according to a specific calendar and time element imposed on the various factors involved in estimating value. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. T...
05/29/2009
                                                      A house had been appraised for the loan at $516,000 and the sales price is $510,000. The loan-to-value ratio is 85%. What is the eligible amount of the loan based on this loan-to-value ratio ? How much additional money will the buyer have to b...
05/29/2009
                                                   If a lender wants to produce a better yield on a loan the lender may  increase the loan amount by 3% which will be paid at the closing table as a charge known as an origination fee. Is this fact true or false ? Please take your time. The solution...
05/29/2009
                                                       When we talk about an adjustable rate mortgaqge we're talking about a loan that is adjusted in a way to increase and decrease the amount but the payment always remains the same. Is this fact true or false ? Take your time. The solution is pos...
05/29/2009
                                                       When a conventional loan is sought by the borrower, private mortgage insurance to protect the loan is usually not required if the loan-to-value ration of the laon is over 95%. Is this fact true or false ? Please remember to take your time. Th...
05/29/2009
                                                 The FHA buys and sells loan in the secondary mortgage market as well as makes loans to borrowers in the primary mortgage market. Is this fact true or false ? Remember to take your time. The solution is posted below he wildlife photo. A.False The on...
05/29/2009
                                                    It is well known that if a borrower's credit is excellent a downpayment is not required for an FHA loan. Is this fact true or false ? Pleaser take your time. The solution is posted below the wildlife photo. A. False A downpayment is always requi...
05/29/2009
                                                             A VA loan is a loan that may never be assumed by anyone other than an eligible veteran. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False It's possible for anyone to assume a VA loa...
05/29/2009
Once the trustee's sale has been held and all of the expenses related to the foreclosure have been paid and all of the liens have been satisfied, if there is any money left over it belongs to the court. Is this fact true or false ? Please take your time. The solution posted below the wildlife pho...
05/29/2009
                                                                 If a borrower is facing nonjudicial foreclosure the borrower is entitled to the right of being able to cure the default on the loan by paying off the delinquincy and reinstating the loan before the trustee's sale is held. This right...
05/29/2009
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David Saks

May God Bless You, Always. David
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