David Saks: January 2011

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 961

                                                    #961

When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer.

Is this true or false ?

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

wildlife

A. False

Installment notes include principal and interest and are periodically paid




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • January 10 2011 05:26AM
Real Estate Practice : Lesson 961
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#961 When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer. Is this… more
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Real Estate Practice : Lesson 959
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Real Estate Practice : Lesson 958
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Real Estate Practice : Lesson 957
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#957 A man is seeking a loan to buy a parcel of land. He also wants a construction loan after the land has been acquired. When the mortgage for the land is taken out the purchaser… more
Real Estate Practice : Lesson 956
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#956 The main reason licensing is required to practice real estate is because of the fact that a substantial amount of revenue can be raised for the state and reduce the tax liability among… more
Real Estate Practice : Lesson 955
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#955 If you forget to renew your real estate license your violating a state law and can be fined. Is this true or false Take your time. The solution is posted below the wildlife… more
Real Estate Practice : Lesson 954
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#954 During a title search the attorney discovered that an heir to an estate had not properly signed a deed before the property was transferred. This defect of title could most likely… more
Real Estate Practice : Lesson 953
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Real Estate Practice : Lesson 952
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#952 An appraiser was contacted an asked to appraise a home. There have been quite a few sales in the area due to the recent economic climate and the lowering of prices. The… more