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

2011 

                                                             #971 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 V...
01/16/2011
                                                                                  #970 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...
01/10/2011
                                                                 #969 If a borrower is facing nonjudicial foreclosure the borrower is entitled to the right of being able to cure the default on the loan by paying off the delinquincy and reinstating the loan before the trustee's sale is held. This ...
01/10/2011
                                                     #968 When a mortgagee gives a mortgagor a document that declares that the debt has been paid in full this document is commonly referred to as a deed of complete release and revision. Is this malarky true or false ? Please take your time on this...
01/10/2011
                                                          #967 When a foreclosure sale is held following judicial foreclosure an execution or Sheriff's sale is held. Once the sale has been completed and the foreclosed property sold the former owner or the mortgagor has a certain or specified peri...
01/10/2011
                                                #966 Anytime a buyer works out an arrangement that will allow the seller to assume the mortgage rather than a traditional lender this type of arrangement is known as a partnership. Is this true or false ? Take your time. The solution is posted below...
01/10/2011
                                                          #965 When we talk about a budget mortgage we're talking about a mortgage that allows for the greatest discount level possible given the size of the loan and other variables. Is this true or false ? Take your time. The solution is posted be...
01/10/2011
                                                   #964 A developer has seven parcels of land and found out that he needs some more money to finish the project. In order to secure a loan and the additional resources needed to finish the project the developer offers all seven parcels of land as co...
01/10/2011
                                                     #963 If a provision is included in a mortgage that will permit the lender to declare an entire loan balance due and payable if the property is sold this provision is commonly referred to as a prepayment penalty. Is this true or false ? Take you...
01/10/2011
                                                    #962 If there is a provision in a mortgage that allows the lender to declare the entire loan balance due upon default of the loan by the borrower this provision is known as an exculpatory clause. Is this true or false ? Take your time. The solut...
01/10/2011
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David Saks

May God Bless You, Always. David
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