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

2012 

                                                       #1670 This phrase, "If you have great credit your could get great loan terms", would red flag the requirement under the Truth In Lending Act or TILA. True or False ? Take your time. The solution is posted below the wildlife photo. A. False Th...
05/21/2012
                                                          #1669 A federal law that prohibits lenders from making high cost predatory home equity loans is known as Equal Credit Opportunity Act or the ECOA. Is this fact true or false ? Please take your time. The solution is below the wildlife photo...
05/21/2012
                                                       #1668 Loan flipping is prohibited under the Real Estate Settlement Procedures Act. Is this fact true or false ? Please take your time the solution is posted below the wildlife photo. A. False The Real Estate Settlement Procedures Act or RESPA...
05/21/2012
                                                  #1662 An unsecured loan for 50 thousand dollars would be covered by the Truth In Lending Act. Is this fact true or false ? Please take your time. The solution is below the wildlife photo. A. False The Truth In Lending Act excludes consumer loans n...
05/21/2012
                                                             #1667 When we talk about an impound waiver we're discussing a practice that involves charging points or processing fees that are out of the ordinary. Is this fact true or false ? Please take your time. The solution is posted below the w...
05/21/2012
                                                      #1666 Steering involves charging a borrower processing fees or points to close that a re higher than usual because the lender is steering the borrower away from a conventional loan. Is this fact true or false ? Please take your time. The solut...
05/21/2012
                                                         #1665 A loan secured by a fleet of tractors to purchase additional farm equipment would be covered under the Truth In Lending Act. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False...
05/21/2012
                                                         #1664 Property flipping will involve the charging of processing fees that are not necessary for the services provided by the lender. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Fe...
05/21/2012
                                              #1663 Fee Packing is a predatory lending practice which imposes the practice of charging points and fees for processing a loan that are out of the ordinary and higher than normally charged. These are fees that have no reason to be included in the proc...
05/21/2012
                                                  #1661 Another purpose of the Home Mortgage Disclosure Act is to insure that a person, whose income is derived from public assistance, is not discriminated against. Is this fact true or false ? Please take your time. The solution is posted below th...
05/21/2012
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David Saks

May God Bless You, Always. David
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