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

2010 

                                                        #534 When we talk about a 2-1 buydown plan we're talking about buying down the interest rate at 1% for two years. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A 2-1 buydown pla...
02/07/2010
                                                        #533 When considering a bi-weekly loan, one of the disadvantages is that it will take more time to build equity. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False Equity...
02/07/2010
                                                        #532 Private mortgage insurance is usually required if the loan-to-value ratio exceeds 80%. Is this true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. True PMI (provate mortgage insurance) ...
02/07/2010
                                                            #531 A buydown is not an option when the lender is considering a way to help a buyer qualify for a loan. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The buydown will allow...
02/07/2010
                                                          #530 If you think the appraisal on the property is too low you should request a submit a reconsideration request only if it is requested by a loan officer. Is this fact true or false ? Please remember to take your time. The solution is pos...
02/07/2010
                                                               #529 A property lost some value because it was close to a county landfill site. Ths is know as functionl obsolescence. Is this fact true or false ? Remember to take your time. The solution is posted below th wildlife photo. A. False W...
02/07/2010
                                                           #528 Most all sales comparison methods of appraisal are based on the assessed values of property as used for the purposes of establishing revenue for property taxes. Is this fact true or false ? Please take your time. The solution is post...
02/07/2010
                                                                 #527 As a general rule, the appraiser will not use a sale as a com parable in his analysis unless the sale was considered to be an arm's length transaction. Is this fact true or false ? Please take your time. The solution posted bel...
02/07/2010
                                                        #526 When an appraiser is considering the value of a residential property the most valid and important method of appraisal that the appraiser will use is called the replacement cost method of appraisal. Is this true or false ? Take your time...
02/07/2010
                                                         #525 A low risk loan is one that doesn't have to have a downpayment rather than a low loan-to-value ratio. Is this fact true or false ? Please take your time. the solution is posted below the wildlife photo. A. False From the lender's point...
02/07/2010
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David Saks

Broker / Industry Analyst
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