David Saks' Blog

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Industry Observer - 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 !



                                       Here goes : This beautiful home is located on Poplar Avenue just within a stones throw of the University of Schmenge and only a few blocks to the west of the beautiful Plaza Shopping Center. The local park is at your disposal for hours of fun for the family ...
                                           Here goes ! Here's a list of stuff you can hang on the refrigerator with your designer magnet collection : 1. The income you have left after expenses to pay off the loan. 2. If there are any vacancies on the property if your financing a rental property a...
                                                What is a balloon payment ? Here goes ! A balloon payment is the payment of a sum of money that's become due and payable all at once. Instead of taking out a mortgage in the customary way, such as amortizing the loan for a long time as in the 20 or ...
                                            Is this thing of the past, or is it a thing of the future, oh grand mystic exalted keeper of the cash ? This was hailed as a "creative" financing technique once upon a healthy economic climate. We're talking about the coveted "Shared Appreciation Mortga...
                                                If you default on your loan, the loan can become due and payable in full, immediately. Simple ! The acceleration clause demands the performance of the contract in full from the buyer upon a breach of the contract. For example: The contract was for y...
                               Can a real estate or buyer's agent refuse to submit an offer, and under what circumstances would they do such a thing ? Is it ethical ? And when ? Here are a few reasons that I've heard that agents will refuse to submit offers to purchase real estate. (Caution: Don'...
                            Well, to begin with, you should prepare your dispute for the bureaus you have the dispute with. The Fair Credit Reporting Act doesn't require this, but the Federal Trade Commission has recommended that you submit all of your disputes in writing to have some levity. You...
                                         Well, simply put, to the lender, and those guys and gals in the mortgage world, FICO, or Fair Isaac scores as they're affectionately know, can slam your chances of being approved for a loan into the dirt. The FICO score can decimate you, pummel you, biff y...
                                                 We discussed the importance of the rating earlier. now it's time to focus ont eh importance of the rating itself. The credit rating system is used to deetermine whether or not to give you a loan or issue you a credit card. That's the first thing we...
                                      Does this question win the 'Active Rain Stupid Question of the Day Award' ? It's you life line. Your bread and butter. The air you breath. The clothes you wear. The car you drive. The home you live in. The financial mechanics of the world and the society you ...

David Saks

Broker / Industry Analyst
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