David Saks: June 2013

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 2231


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.

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 • June 24 2013 03:09AM
Real Estate Practice : Lesson 2231
#2231 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
Saturday Morning Serenade - Glenn Miller
Here's Glenn Miller and the Band with "I Know Why" From the 1941 movie, "Sun Valley Serenade". Enjoy -David- more
Midnight Melodic Moment - The Cadillacs & "Speedoo" -…
Here's a great old toe-tapper It's the Cadillacs and "Speedoo" from 1955 Enjoy -David- more
Former Fugitive Guilty of Sophisticated Nigerian HELOC Fraud Scheme
Former Fugitive Pleads Guilty to Multi-Million-Dollar Sophisticated Fraud Scheme with Ties to Nigeria U. S. Attorney’s Office June 21, 2013 Eastern District of Virginia (703) 299-3700.. more
Waterford Man on Trial for Mortgage Fraud Offenses Pleads Guilty
Waterford Man on Trial for Mortgage Fraud Offenses Pleads Guilty U. S. Attorney’s Office June 21, 2013 District of Connecticut (203) 821-3700 .. more
Florida Man Arrested in Connection with $8 Million CMO Fraud Scheme
Florida Man Arrested in Connection with $8 Million Investment Fraud Scheme U. S. Attorney’s Office June 20, 2013 Southern District of New York (212) 637-2600 &… more
Federal Trade Commission "Money Matters" - Share This With…
This a valuable and informative collection of important audio tips from the Federal Trade Commission prepared to protect you. Please share this page with your family and friends. Click the play button to the left of any topic to… more
Former Official at NYC Dept. of Housing Preservation Sentenced
Former Supervisory Official at New York City Department of Housing Preservation and Development Sentenced to 18 Months’ Imprisonment for Accepting $100, 000 Bribe U. S. Attorney’s Office June 19, 2013 … more
Have You Earned Your "BOPS" Designation
You've gotten behind on your mortgage payment ? Uh oh The first notice arrived ? You're a real estate agent and the commission check didn't arrive in time to… more
Coffeetime Crooner - Spanky and Our Gang - "Lazy Day"
Smell the roses and enjoy the coffee with Spanky and Our Gang and their great, classic song "Lazy Day" Have a great day, too -David- more