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
2011
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#1359 Under the Real Estate Settlement Procedures Act (RESPA) a lender may pay a kickback to a builder for sending a buyer in. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A lender ...
10/17/2011
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#1358 Under the Real Estate Settlement Procedures Act (RESPA) a lender is allowed to pay a referral fee. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Under RESPA lenders are prohibit...
10/17/2011
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#1357 Under the Real Estate Settlement Procedures Act or RESPA, a lender is required to give an applicant for a loan a good faith estimate (GFE) of the closing costs associated with the loan within seven days of the application. Is this fact tr...
10/17/2011
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#1356 When charges are calculated, the charges in a real estate transaction that are payable by or to a party to the closing will be found in the Truth In Lending Statement (TILA). Is this fact true or false ? Please take your time. The solut...
10/17/2011
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#1355 Federal legislation that will prevent discrimination against an applicant because of their race is RESPA. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The ECOA or the E...
10/17/2011
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#1354 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 ...
10/17/2011
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#1353 It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Refinacing may...
10/17/2011
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#1352 A seller will most likely consider using a seller second to supplement a new loan for a buyer when interest rates are high. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife ph...
10/17/2011
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#1351 A land contract may be used to finance the buyer's purchase of a home. This is the first mortgage. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. True The land co...
10/17/2011
TITLE COMPANY EMPLOYEE PLEADS GUILTY TO FILING FALSE TAX RETURNS AFTER EMBEZZLING MORE THAN $382,000
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Former Towson Title Company Employee Pleads Guilty to Filing False Tax Returns After Embezzling More Than $382,000 U.S. Attorney’s Office October 14, 2011 District of Maryland (410) 209-4800 BALTIMORE—Collette Snyder, age 42, of Timonium, Maryland, pleaded guilty today to filing false tax return...
10/14/2011