David Saks: January 2014

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 2516

   #2516

When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years.

Is this fact true of false ?

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

wildlife

A. False

When information is obtained about a borrower from a credit report the information in the report usually only covers the last seven years, although certain items such as bankruptcies or foreclosures might remain longer.

If you see information that is incorrect in your credit file alert the credit reporting agency and they will inform you of what you must do to correct inaccuracies.




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 0 commentsDavid Saks • January 06 2014 01:26AM
Real Estate Practice : Lesson 2516
share
#2516 When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years Is this fact true of false Take your time… more
Real Estate Practice : Lesson 2515
share
#2515 Frederick and Marlene Silverman have a monthly housing expenditure of 1500 dollars, their monthly credit card payments equal 200 dollars, and they have a car note of 225 dollars. They have a monthly income of 5500 dollars. … more
Real Estate Practice : Lesson 2514
share
#2514 A rule of thumb for a lender when considering a loan application is that the borrower should have been continuously employed on the same job for a minimum of five years Is this true or false Take your time. The solution… more
Real Estate Practice : Lesson 2513
share
#2513 When a lender issues a letter stating the maximum loan amount that the lender will authorize this is know as preconclusion of process Is this fact true or false Please take your time. The solution is posted below the… more
Real Estate Practice : Lesson 2512
share
#2512 When we talk about loan discount points we're talking about payment for costs which are typically associated with a loan origination fee Is this fact true or false Take your time. The soultion is postd below the… more
Real Estate Practice : Lesson 2511
share
#2511 The charges which are payable to or by any parties to a real estate transaction always show up on the lender disclosure statement Is this fact true or false Take your time. The solution is posted below the wildlife photo… more
Former Bank Director Charged With Fraud - Faked His Own Death
share
Former Bank Director Charged With Securities and Wire Fraud Following Manhunt Defendant Who Misappropriated $17 Million From Investors Faked His Own Death New York January 02, 2014 Eastern District of New… more
Former CFO Indicted on Charges He Embezzled $5. 7 Million From Employer
share
White Plains Federal Grand Jury Indicts Former Chief Financial Officer on Charges He Embezzled $5. 7 Million From His Employer U. S. Attorney’s Office January 02, 2014 Southern District of New York (212)… more
HUD AWARDS $57 MILLION TO HUNDREDS OF PUBLIC HOUSING AUTHORITIES
share
HUD NEWS U. S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 13-194 … more
"Happy Days Are Here Again"
share
Here's the Late Great Jack Hylton (2 July 1892 – 29 January 1965) "Happy Days Are Here Again" I Hope He's Right Enjoy -David- more