David Saks' Blog

Follow me
By
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 !

ARCHIVED BLOG POSTS

2011 

                                                          #981 The Uniform Standards of Professional Appraisal Practice endorse the use of letter reports when communicating with a client. Is this fact true or false ? Remember to take your time. The solution is posted below the wildlife photo. A. ...
01/23/2011
                                                       #980 Appraisals are performed so that the seller and the broker can determine a fair sales price for the property. Is this true or false ? Take your time. the solution is posted below the wildlife photo. A. False Appraisals are usually perfor...
01/16/2011
                                                       #979 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 co...
01/16/2011
                                               #978 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 t...
01/16/2011
                                                      #977 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...
01/16/2011
                                                   #976 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 sol...
01/16/2011
                                                       #975 When we talk about an adjustable rate mortgage 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...
01/16/2011
                                                       #974 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 loan is over 95%. Is this fact true or false ? Please remember to take your tim...
01/16/2011
                                                               #973 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 ph...
01/16/2011
                                                        #972 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 alw...
01/16/2011
Rainmaker
1,572,727

David Saks

Broker / Industry Analyst
Contact The Author

Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
Nothing will be published that has not been verified via the public record or consent provided.
The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component.
Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component.
Please see the Department of Justice Legal Policies at:
http://www.justice.gov/legalpolicies
Please contact David with any questions.

Photos © & Licensed by Nova Development