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 

                                                       #474 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 tim...
12/27/2009
                                                #473 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 Th...
12/27/2009
                                                    #472 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 ...
12/27/2009
                                                             #471 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 V...
12/27/2009
                                                         #470 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 ? Ple...
12/27/2009
                                                                 #469 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 ...
12/27/2009
                                                     #468 When a mortgagee gives a mortgagor a document that declares that the debt has been paid in full this document is commonly referred to as a deed of complete release and revision. Is this malarky true or false ? Please take your time on this...
12/27/2009
                                                          #467 When a foreclosure sale is held following judicial foreclosure an execution or Sheriff's sale is held. Once the sale has been completed and the foreclosed property sold the former owner or the mortgagor has a certain or specified peri...
12/27/2009
                                                #466 Anytime a buyer works out an arrangement that will allow the seller to assume the mortgage rather than a traditional lender this type of arrangement is known as a partnership. Is this true or false ? Take your time. The solution is posted below...
12/27/2009
                                                          #465 When we talk about a budget mortgage we're talking about a mortgage that allows for the greatest discount level possible given the size of the loan and other variables. Is this true or false ? Take your time. The solution is posted be...
12/27/2009
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David Saks

May God Bless You, Always. David
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