David Saks: January 2010

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 494

                                                      #494

 A loan origination fee is always part of the seller's closing costs.

Is this fact true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The loan origination fee is part of the buyer's setllement.

That's always the case unless there's some variation I'm unaware of.

Let me know if you know of a situation where the seller is assessed the loan origination fee.

 




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • January 11 2010 09:29AM
Real Estate Practice : Lesson 494
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#494 A loan origination fee is always part of the seller's closing costs. Is this fact true or false Take your time. The solution is posted below the wildlife photo. &… more
Real Estate Practice : Lesson 493
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#493 Whenever a buyer assumes a mortgage the mortgage balance will appear as a credit to the seller and a debit to the buyer on the settlement statement. Is this true or false &… more
Real Estate Practice : Lesson 492
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#492 When a settlement statement has been prepared the purchase price of the property will always be shown as a a debit to the seller and a credit to the buyer Is this fact true or… more
Real Estate Practice : Lesson 491
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#491 Security deposits are always prorated on the sale of rental property when going to the closing table. Is this fact true or false Take your time. The soultion is posted… more
Real Estate Practice : Lesson 490
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#490 If the seller agrees to include the dishwasher in the sale of the home for 250 dollars the seller should include this item in the HUD-1 report. Is this true or false &… more
Real Estate Practice : Lesson 489
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#489 When a residential appraiser starts looking for comparables and a sales comparison approach is used he's interested in homes that have been occupied for at least two out of the last… more
Real Estate Practice : Lesson 488
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#488 A contract to build a new home is signed with a builder to build a luxury home costing 675 thousand dollars in a neighborhood of homes valued 150 thousand dollars and less. … more
Real Estate Practice : Lesson 487
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#487 When we speak of an appraiser collecting data which is accumulated in a general manner the appraiser has conducted an analysis of the building as well as analyzed the site. … more
Real Estate Practice : Lesson 486
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#486 An owner of a multi-family property thinks that a hot tub area with a shower would be a nice addition to the work-out area on the property. He's asked an… more
Real Estate Practice : Lesson 485
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#485 When a developer declares that he or she plans to build a mixed-use development, which includes a beautiful shopping mall, and this development will occur adjacent to your lot which… more