David Saks

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Education & Training - (retired) - 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

2008 

                                      Simple process here that either confirms or abnegates your statement to the lender. Your lender will attempt to determine if the information that you provide on the employment application is verifiable. The lender will contact the employer, or employers provi...
08/17/2008
                                  When you tell your lender that you've only been on your job at the car wash for two weeks it might not look too good for you at loan decision time. In addition to the necessity of verifying your assets, the lender will want to verify the employment information th...
08/17/2008
                                  If your don't have any experience with credit, the chances are your not going to be approved for a big ticket loan such as a house or a car. So, in a nutshell, there's not enough data in your credit history for the lender to make a decision as to whether or not t...
08/17/2008
                                 One sure way to lower have your credit score lowered and louse up your chances of getting a loan is from excessive inquiries on your credit reports. Every time you apply for credit or a new loan an inquiry is performed and your credit history is pulled by the lend...
08/17/2008
                                     Excessive credit obligations will slam your efforts to get a loan in the dirt ! When a borrower assumes a loan or a revolving line of credit they've taken on some serious credit responsibility and they need to assure that their payments are made on time to the...
08/17/2008
                           If you have insufficient income or insufficient funds for a down payment, your loan application will be rejected because your income is insufficient in relation to the price of the house, or you have insufficient funds for the closing costs or the down payment. You coul...
08/12/2008
                                If you're not paying your bills, your in danger of having your creditor get a court judgment against you and garnishing your wages or property. If a creditor goes to court and wins the case against you will receive a court ordered judgement against you which is a c...
08/12/2008
                                      Bankruptcy is a nasty thing. It destroys families, causes divorce, illness, depression, cripples your creditworthiness, and can put you on the street. Everyone loses in a bankruptcy: The lender because the credit that they extended will not be repaid, and you...
08/12/2008
                                          Applying for, being approved for and responsibly meeting your debt obligations are the earmarks of integrity when it comes to the privilege of having credit. The lender wants to see, in the bureau reports, in the requests for information about your accoun...
08/12/2008
                                   Delinquent credit, in a nutshell, is the failure to make payments on any financial obligation when the lender or creditor says that it's due. When your credit is delinquent it's usually stated in terms of being past due either thirty, sixty, or ninety days on th...
08/12/2008
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David Saks

May God Bless You, Always. David
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