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

2010 

                                                      #494  A loan origination fee is always part of the seller's closing costs. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The loan origination fee is part of the buyer's setllement. That'...
01/11/2010
                                                        #493 Whenever a buyer assumes a mortgage the mortgage balance will appear as a credit to the seller and a debit to the buyer on the settlement statement. Is this true or false ? Take your time. The solution is posted below the wildlife photo...
01/11/2010
                                                      #492 When a settlement statement has been prepared the purchase price of the property will always be shown as a a debit to the seller and a credit to the buyer. Is this fact true or false ? Please take your time. The solution is posted below t...
01/11/2010
                                                        #491 Security deposits are always prorated on the sale of rental  property when going to the closing table. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo. A. False Security deposits aren't prora...
01/11/2010
                                                             #490 If the seller agrees to include the dishwasher in the sale of the home for 250 dollars the seller should include this item in the HUD-1 report. Is this true or false ? Please take your time solution is posted below the wildlife pho...
01/11/2010
                                                        #489 When a residential appraiser starts looking for comparables and a sales comparison approach is used he's interested in homes that have been occupied for at least two out of the last three years. Is this fact true or false ? Please remem...
01/11/2010
                                                         #488 A contract to build a new home is signed with a builder to build a luxury home costing 675 thousand dollars in a neighborhood of homes valued 150 thousand dollars and less. The new home will lose value. This loss of value is known as a...
01/11/2010
                                                            #487 When we speak of an appraiser collecting data which is accumulated in a general manner the appraiser has conducted an analysis of the building as well as analyzed the site. Is this true or false ? Take your time. the solution is pos...
01/11/2010
                                                                        #486 An owner of a multi-family property thinks that a hot tub area with a shower would be a nice addition to the work-out area on the property. He's asked an appraiser if the addition of the new hot tub and shower area would...
01/11/2010
                                                       #485 When a developer declares that he or she plans to build a mixed-use development, which includes a beautiful shopping mall, and this development will occur adjacent to your lot which is zoned commercial, property values start to increase ...
01/11/2010
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David Saks

May God Bless You, Always. David
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