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.
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ARCHIVED BLOG POSTS
2010
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#811 The charges which are payable to or by any parties to a real estate transaction always show up on the lender disclosure statement. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Cha...
09/12/2010
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#810 Credit report fees, loan origination fees and appraisal fees are all costs that show up in the loan's APR. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Points paid by the loan...
09/05/2010
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#809 When a portion of a borrower's monthly mortgage payment is held to be applied later towards property taxes and insurance the money will be held by a trustee. Is this true or false ? Take your time. The solution is posted below the wildlife pho...
09/05/2010
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#808 If the lender agrees to guarantee a specific interest rate for a specific period of time this is known as discounting the float. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False If...
09/05/2010
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#807 Fees that normally pay the overhead costs of a lender are the loan discount fees associated with the loan. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo. A. False Fees than pay the lender's o...
09/05/2010
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#806 What factor is most likely to influence the demand for real estate ? A. Employment opportunities and the wage levels offered. If wages are low and the opportunity for employment is scarce, the demand for real estate becomes low. If ...
09/05/2010
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#805 When a lender takes a loan application the most important thing the lender is concerned with is the applicants employment history for the last 15 years. The applicants current housing expenses are of little interest. Is this tru...
09/05/2010
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#804 One of the best ways available to compare loan costs is to use a formula that examines the lender's yield. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The best way to compare l...
09/05/2010
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#803 When an item is prorated at closing the item is considered the type of item which will not have to be paid for. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False When an item ...
09/05/2010
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#802 If there is a debit on the buyer side of a settlement statement this is a charge that has to be paid by the buyer at the closing table. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. True...
09/05/2010