#2299 A beneficiary is someone who is a decendant of Benny Fish. Is this fact true or false ? Please remember to take your time. The answer is posted below the wildlife photo if it's too tough for you. A. False A beneficiary is a person or entity which will receive the benefit from specific acts or actions which have been or are to be performed.     08/04/2013

                                                           #2298 A bearer is one who searches for objects that reflect the life of a bear when decorating a home or staging. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo.   A. False A bearer is the person or entity that has possession of any instrument which is considered to be a negotiable instrument. 08/04/2013

                                                        #2297 When we talk about the intitial basis we're referring to the basic reason why a buyer wanted to buy a home in the first place. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The initial basis is the amount of the original investment in a property. It's basically the collective costs which include closing and any other expenses necessary to purchase a property, including the purchase price of the property. 08/04/2013

                                                          #2296 An adjusted basis would be a property owner's basis in the property which includes expenses for improvements minus any deductions for depreciation. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. True basis+improvement costs-deductions for depreciation=adjusted basis   08/04/2013

                                                         #2295 The basis is the carbon copy of a mortgage document. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False The basis is a figure which is used to calculate gain on the sale of real estate as required for federal income tax. 08/04/2013

                                                    #2294 A balloon mortgage is a contract for the purchase of a home which is delivered to the buyer by the lender by a lighter than air method of transportation known as a balloon. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A balloon mortgage is an interest-only or partially amortized loan for a mortgage that requires the borrower to make a payment of the remaining principal balance of the loan at the end of the term of the loan. It's called a balloon mortgage because of the balloon payment which is a final payment which is much larger than the other regular payments applied to the balance of the loan. 08/04/2013

                                                        #2293 When we talk about the bad debt/vacancy factor we're referring to an income approach to an appraisal whereby a percentage will be deducted from a property's expected gross income and an estimate of the income that is most likely to be suffered because of tenants who default on their payments, including vacancies, will be projected. Is this fact true or false ?  Please remember to take your time. The solution is posted below the wildlife photo. A. True 08/04/2013

                                                  #2292 An audit in real estate means the ability to hear, in audible terms, the price of the property in a normal speaking voice. Is this fact true or false ? Please take your time as I know this question is a difficult one. Of course, if you just can't wait, the solution is posted below the wildlife photo.   A. False An audit is an examination of records and an inspection of accounting procedures by a trained accountant, CPA or other official. 08/04/2013

                                               #2291 An assumption fee is a fee that a lender will charge a borrower for assuming that his or or loan will be approved. Is this fact true or false ? Please take your time with this extremely difficult answer, and  consult with an expert if you think you might have any problems solving this one. As usual, the solution is posted below the wildlife photo if you just can't stand it anymore and just have to peek. A. False An assumption fee is a fee that lender will charge when a buyer assumes the seller's loan. The fee is normally paid by the buyer. 08/04/2013

1. I have a radio show on Saturday night from 9pm until midnight. I've been involved with radio most of my life, and college radio for 44 years, including both the University of Memphis and Rhodes College.   2. I'm active with emergency services in Shelby County. I assist when needed in emergency and disaster preparedness exercises and have assisted with communications for both my county and the Red Cross.   3. I'm a 'Skywarn' trained spotter for storm spottng and reporting. When the threat of dangerous weather looms I work with others in a statewide and regional network to meet the safety needs of the community by reporting weather changes throughout a relay system created to protect us in times of danger from the weather.   4. I'm an active Amateur radio operator and experienced radi... 08/04/2013

1. I lived in Israel for almost a year, 1974. I drove a tractor near Haifa for part of the year and worked with chemists near Bethlehem to extract impurities from metals that were processed for munitions.   2. I had a conversation with B F Skinner while he was still teaching in Boston in 1972. I was visiting Harvard (my girlfriend's uncle was a professor there. His name was John Kenneth Galbraith) and attended a student leadership training conference while there prior to leaving for the Poconos. I called Dr Skinner and asked him how he was doing. He invited me for coffee. I was 19 years old. Dr Skinner wrote "Walden II".   3. I helped a friend judge bikini contests in Clearwater, Florida in 1975. When I returned from San Francisco one of my college pals invited me to hang out with him ... 08/04/2013

Here's A Foot Stomper From the !930's It'll Make You Stretch Out The Mills Blue Rhythm Band "Swingin' In E Flat" I Betcha You'll Play It Again  Have a Great Week Ahead All the Best -David- 08/02/2013

I had an uncomfortable moment with an agent when I suggested that: "It'll be pretty damned hard to convince any buyer asserting that the weather-worn cliche' "...buying a home continues to be one of the best investment decisions any consumer can make" still has any merit."   The bubble was shrinking at that time.   In short order, it burst.   Millions foreclosed and underwater on their mortgages. I accused him of sugarcoating and sweeping the reality of it under the rug.     Like NAR's cheerleaders for industry did for eight miserable years.   I said "no" to the phony enthusiasm and lies. And still take it hard on the chin for admitting that there are lots of crooks in this business.   Telling the truth about the industry restores faith.   There's enough crime. I want to do my share to ... 08/01/2013

Some time ago an agent commented that my contempt for Facebook was stupid.   My response was &!@%$ because I've always believed that Facebook is inherently evil. I've never subscribed to it. Never will !   These things happen.   Some consider anger to be a healthy emotion unless the expression of it abuses others or is violent.   I believe that labeling your feelings can help you manage their control. It also helps you move away from a situation that makes you lose it.     I keep an assortment of pleasant fragrances near the computer to offset the odor of punk that pours forth from it.     The smell of fresh mint, sandalwood, musk or eucalyptus helps.   It really does.   PEACE ! 08/01/2013

This is an excellent year. Everything that underlies the successful completion of a day's work is in place.   The best practices have evolved from a healthy spirit of cooperation. Risks in business are mitigated, the playing field level and the team comfortable. And clean !     The best of everything is appointed and shared throughout my office network.   One word seems to sum it up best:       Peace ! 08/01/2013

Here's a Fun Tune From the Late 1940's The Pied Pipers "Madame Butterball" It Might Inspire You to Give Up the Cheesecake  Enjoy ! -David- 08/01/2013

In part 3 we'll see a case about a man who confesses to a HELOC crime, a Ponzi scheme conviction after a mother's disappearance, a man who defrauded banks seeking multiple equity lines of credit, a Minnesota man who stole 43 million dollars from lenders, a title and escrow agent who swindled lenders out of almost 2 million dollars, an Irvine attorney guilty of mortgage fraud, four sentenced in North Carolina for mortgage fraud, a Georgia banker who got ten years in prison for real estate fraud, six Century 21 agents who were indicted, and other cases. Click the red button: 07/31/2013

We'll look at a case about a bank president's wife who tried to hide the money that he stole from the bank, the owner of a New Jersey-based foreclosure rescue company who plead guity to a 10 milion dollar fraud scheme, a Richmond man who got 10 years for orchestrating a multi-million dollar rehab tax credit fraud, a loan officer who was sent to prison for six years for mortgage and property flipping fraud, the 2.9 billion fraud that collapsed a bank, a Minnesota man who entered into seven fraudulent transactions, a former major league baseball star who committed fraud, and many other cases. Click the red button: 07/31/2013

Here is the Wonderful Mormon Tabernacle Choir With One of My Favorite Songs From the Great Rodgers and Hammerstein Musical "Carousel" " You'll Never Walk Alone" Have a Fine Week Ahead. -David- 07/30/2013

We'll begin Part 1 by looking at cases involving a New Jersey investor, an Arizona pastor and his wife, a Maryland attorney that was accused of stealing from his clients, an Ohio title company owner that was indicted on 46 counts of fraud, the former Taylor, Bean and Whitaker president who collapsed the bank and lied to federal agents, and twelve Arizonans who were indicted in multi-million dollar mortgage fraud schemes. Click the red button to begin:   07/30/2013