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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#2816 When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years. Is this fact true of false ? Take your time. The solution is posted below the wildlife photo. A. False When infor...
07/06/2014
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#2815 Frederick and Marlene Silverman have a monthly housing expenditure of 1500 dollars, their monthly credit card payments equal 200 dollars, and they have a car note of 225 dollars. They have a monthly income of 5500 dollars. What is their debt to income ratio ? Please take your time. The solu...
07/06/2014
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#2814 A rule of thumb for a lender when considering a loan application is that the borrower should have been continuously employed on the same job for a minimum of five years. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False As a general rule the ...
07/06/2014
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#2813 When a lender issues a letter stating the maximum loan amount that the lender will authorize this is know as preconclusion of process. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False When a lender issues a letter stating the max...
07/06/2014
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#2812 When we talk about loan discount points we're talking about payment for costs which are typically associated with a loan origination fee. Is this fact true or false ? Take your time. The soultion is postd below the wildlife photo. A. False Discount points are associated with a lender's yiel...
07/06/2014
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#2811 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 Charges which are payable to or by any party to a real e...
07/06/2014
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#2811as 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 Charges which are payable to or by any party to a real...
07/06/2014
ActiveRain 2014 Summertime Meetup in Memphis It's Elvis Week ! Starbucks 1850 Union Ave Memphis, Tennessee Sunday August 10, 2014 11:30AM till 1:00 PM You'll receive 1,000 points for your attendance ! Many thanks t...
07/05/2014
Former Executive Director of NOAH, Stacey Jackson, Pleads Guilty to Conspiracy to Steal Government Funds and Solicit Kickbacks from Federally Funded Program U.S. Attorney’s Office July 02, 2014 Eastern District of Louisiana (504) 680-3000 United States Attorney Kenneth Allen Polite, Jr. announce...
07/03/2014
Kansas City Woman Indicted in $3 Million Fraud Scheme That Forced Employer into Bankruptcy U.S. Attorney’s Office July 01, 2014 Western District of Missouri (816) 426-3122 KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today that a Kansas ...
07/02/2014