David Saks: February 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 531


A buydown is not an option when the lender is considering a way to help a buyer qualify for a loan.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.


A. False

The buydown will allow a third party or the seller to pay a sum to the lender which will lower the buyer's interest rate on the loan.

By creating a reduction in the borrower's intitial payment it will make it easier for the borrower to qualify for the loan.

All Content Copyright Protected © 2010    Subscribe To David's Blog     Add David as an Associate

David Saks

Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.


Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.





"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


  Real Estate Crimes


Click "HERE" For Today's Question



TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis



America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • February 08 2010 02:18AM
Real Estate Practice : Lesson 531
#531 A buydown is not an option when the lender is considering a way to help a buyer qualify for a loan. Is this fact true or false Please take your time. The solution… more
Real Estate Practice : Lesson 530
#530 If you think the appraisal on the property is too low you should request a submit a reconsideration request only if it is requested by a loan officer. Is this fact true or… more
Real Estate Practice : Lesson 529
#529 A property lost some value because it was close to a county landfill site. Ths is know as functionl obsolescence Is this fact true or false Remember to… more
Real Estate Practice : Lesson 528
#528 Most all sales comparison methods of appraisal are based on the assessed values of property as used for the purposes of establishing revenue for property taxes. Is this fact… more
Real Estate Practice : Lesson 527
#527 As a general rule, the appraiser will not use a sale as a com parable in his analysis unless the sale was considered to be an arm's length transaction Is this fact… more
Real Estate Practice : Lesson 526
#526 When an appraiser is considering the value of a residential property the most valid and important method of appraisal that the appraiser will use is called the replacement cost… more
Real Estate Practice : Lesson 525
#525 A low risk loan is one that doesn't have to have a downpayment rather than a low loan-to-value ratio. Is this fact true or false Please take your time. the solution is… more
Memphis Area Home Sale Report from ActiveRain's #1 Member in Memphis..
The Memphis Area Home Sales Report is now available at the follwing link : Memphis Area Home Sales Report Area details, including totals, existing, new sales, and bank sales are… more
Real Estate Practice : Lesson 524
#524 When a lender seeks a residential appraisal the lender is most likely seeking a appraisal that will determined the assessed value of the home. Is this true or false … more
Don't Forget That David Saks Is The Number One Real Estate Broker In…
David Saks You'll Never Forget Him!! He's The Number One Broker In Memphis and Shelby County In The ActiveRain Real Estate Network!! Why?? Because He's Earned the Respect of His Colleagues!! There's no… more