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

2009 

                                                      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. Fals...
06/27/2009
                                                          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...
06/27/2009
                                                       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 ...
06/27/2009
                                                           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 borr...
06/27/2009
                                                 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 photo. A...
06/22/2009
                                                        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 the ...
06/22/2009
                                                    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 overhe...
06/22/2009
                                                                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 true or ...
06/21/2009
                                                         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 loan c...
06/21/2009
                                                         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 is pr...
06/20/2009
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David Saks

May God Bless You, Always. David
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