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
2013
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#2479 When a comparative market analysis is prepared it uses an approach much like the method used in the income approach to appraisal. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False A comparative market analysis or cma most closely follo...
12/08/2013
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#2478 An appraisal is generally considerd to be based on value according to a specific calendar and time element imposed on the various factors involved in estimating value. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. True An appraisal is an ...
12/08/2013
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#2477 A house had been appraised for the loan at $516,000 and the sales price is $510,000. The loan-to-value ratio is 85%. What is the eligible amount of the loan based on this loan-to-value ratio ? How much additional money will the buyer have to bring to the closing table based on the loan-to-v...
12/08/2013
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#2476 If a lender wants to produce a better yield on a loan the lender may increase the loan amount by 3% which will be paid at the closing table as a charge known as an origination fee. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False...
12/08/2013
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#2475 When we talk about an adjustable rate mortgaqge we're talking about a loan that is adjusted in a way to increase and decrease the amount but the payment always remains the same. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The pay...
12/08/2013
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#2474 When a conventional loan is sought by the borrower, private mortgage insurance to protect the loan is usually not required if the loan-to-value ration of the laon is over 95%. Is this fact true or false ? Please remember to take your time. The solution is posted below the royalty free wildl...
12/08/2013
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#2473 The FHA buys and sells loan in the secondary mortgage market as well as makes loans to borrowers in the primary mortgage market. Is this fact true or false ? Remember to take your time. The solution is posted below he wildlife photo. A.False The only thing the FHA does is insure a loan made...
12/08/2013
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#2472 It is well known that if a borrower's credit is excellent a downpayment is not required for an FHA loan. Is this fact true or false ? Pleaser take your time. The solution is posted below the wildlife photo. A. False A downpayment is always required for an FHA loan.
12/08/2013
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#2471 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 VA loan and the person assuming the loan doesn't have to ...
12/08/2013
"When You're Smiling" Business can really be an unbelievable downer sometimes. Buyers lying on prequals. Lenders burying appeals for loss mitigation. Closing delays. Killing a deal because the seller won't throw in the kitchen curtains. Sellers covering the dog pee stains on the woo...
12/08/2013