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
2014
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#2775 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 posted below the wildlife photo. A. False The paymen...
06/22/2014
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#2774 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. The solution is posted below the royalty free wil...
06/22/2014
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#2773 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 only thing the FHA does is insure a loan made...
06/22/2014
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#2772 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 required for an FHA loan.
06/22/2014
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#2771 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 loan and the person assuming the loan doesn't have to be a...
06/22/2014
Austin-Area Man Sentenced to Federal Prison for Stealing Millions from Pension Plans U.S. Attorney’s Office June 20, 2014 Western District of Texas (210) 384-7100 In Austin today, 64-year-old Lakeway resident Ricky Lynn Richardson was sentenced to five years in federal prison for stealing millio...
06/20/2014
HUD NEWS U.S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No.14-077 FOR RELEASE ...
06/19/2014
Former Head of Lynrocten Federal Credit Union Indicted Linda Sue Newcomb Charged with Embezzlement, Bank Fraud, Aggravated Identity Theft U.S. Attorney’s Office June 18, 2014 Western District of Virginia (540) 857-2250 LYNCHBURG, VA—A federal grand jury sitting in the United States District Cour...
06/19/2014
Chicago Jury Convicts Woman for Retaliating Against Federal Officials by Filing False Liens U.S. Attorney’s Office June 18, 2014 Southern District of Illinois (618) 628-3700 After two days of testimony, a federal jury sitting in Chicago, Illinois has returned a verdict finding Cherron Marie Phil...
06/19/2014
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#2770 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 wildli...
06/19/2014