David Saks: July 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 2253

                                                      #2253

It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan.

Is this fact true or false ?

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

wildlife

A. False

Refinacing may be an option for a buyer when the balloon payment becomes due.

It might give the buyer the resources needed to avoid having to pay the full amount due when the balloon payment is due.

Check with your lender.




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

WUMR

 

Support
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 2 commentsDavid Saks • July 08 2013 04:40AM
Real Estate Practice : Lesson 2253
share
#2253 It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan. Is this fact true or false Please take your time. The… more
Real Estate Practice : Lesson 2252
share
#2252 A seller will most likely consider using a seller second to supplement a new loan for a buyer when interest rates are high. Is this fact true or false Please… more
Real Estate Practice : Lesson 2251
share
#2251 A land contract may be used to finance the buyer's purchase of a home. This is the first mortgage. Is this fact true or false Please remember to take your… more
Sunrise Serenade - Vera Lynn "The White Cliffs of Dover"
share
Vera Lynn is one of the most popular singers of all time. She took us through two wars and gave hope to millions in the free world. Here she is with one of the most beautiful songs of all time. "The White Cliffs of Dover"… more
Realtor Guilty of Fraud
share
Real Estate Broker / Realtor Guilty of Fraud A Mt. Juliet real estate broker pleaded guilty in U. S. District Court to wire fraud based on a charge that she schemed to defraud clients of money put down as payment for commercial real estate… more
The David Saks Show Saturday Night
share
Listen to The David Saks Show Live Saturday Night The University of Memphis 9pm Till Midnight Central Time By Clicking the Picture Below Or the Official Webpages Of WUMR more
Midnight Melody - An Offer You Can't Refuse
share
"MANHATTAN SERENADE" Jo Stafford in 1942 with Tommy Dorsey's Orchestra. You can hear this great song in the movie "The Godfather" Make your buyer or seller an offer they can't refuse. Have a great week… more
***PUBLIC NOTICE***HUD OFFICES TO CLOSE NATIONWIDE ON FRIDAY, JULY 5TH
share
HUD NEWS U. S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 13-102 … more
Former Bank President Sentenced to Two Years & Must Pay $2. 4…
share
Former Bank President Stephen Henry Sentenced to Two Years, Ordered to Pay $2. 4 Million in Restitution U. S. Attorney’s Office July 02, 2013 Western District of Tennessee (901) 544-4231 … more
Two Charged with Fraud for Diverting $290, 000 from Escrow Account
share
Two from Lorain County Charged with Fraud for Diverting $290, 000 from Escrow Account U. S. Attorney’s Office July 02, 2013 Northern District of Ohio (216) 622-3600 … more