Memphis, TN Real Estate News

Can Your Parents Help You Buy the House ? You might have a little money. But not enough to go for your dream pad. Mommy and Daddy have adjourned from the rat race and are enjoying their senior years. Can your parents help you buy the home ? That might be a possibility. Your mom and dad have to be certain that it won't be a strain on their resources. They need to know that they'll have enough money to make ends meet month after month. If your parents have any collateral, assets or anything of useful value we might begin here. Let's start with a 200 thousand dollar home. The first option is that mom and dad could purchase the house outright in their name. You could rent it from them with the benefit of a tax break. They could then gift it to you annually and get a tax break based on the p...
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By David Saks
((retired))
                                                   #2290 An assumption is when one party or another assumes that the property is going to be given to them as part of a devise. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False If a buyer takes over the responsibility of repaying a seller's existing mortgage, and subsequently the buyer becomes liable to the lender, this is known as an assumption. If the seller is not released by the lender the seller may still remain secondarily liable for repayment of the loan.  
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By David Saks
((retired))
                                              #2289 An assignor is one who has engaged in the practice of breeding mules and donkeys. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False An assignor is one who assigns rights or interests to another person or entity. The assignor is the party who makes the assignment.  
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By David Saks
((retired))
                                                       #2288 When we talk about an assignment, when discussing real estate, we're actually referring to the homework which is assigned by the instructor or professor in your real estate class. Do you have any doubt in your mind as to whether or not this fact is true ? What's your verdict ? True or false ? Please take your time because, as we all know by now, the solution is posted below the wildlife photo. A. False (were you stumped ?) When contract rights are transferred from one party to another it's know as an assignment.
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By David Saks
((retired))
                                                    #2287 An assignee is one who has placed their name on a legal document and has had it witnessed by a government official. Is this fact true or false ? Please take your time. The soution is posted below the wildlife photo. A. False One who has had interests or rights assigned to them is known as an assignee. Wasn't that easy ?
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By David Saks
((retired))
                                                       #2286 To assign in real estate terms means to assign parking spaces to the employees in a brokerage based of the number of homes they've sold in the last 90 days. Is this fact true or false ? Please take your time on this difficult question as it may appear on a brokers exam one day. :-) As usual, the solution is just below the pink birdies. A. False Assign means to transfer interests and rights to another.    
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By David Saks
((retired))
                                                 #2285 Liquid assets are things of value that have fallen into the river and need drying off, or whiskey which may be sold for cash and valuable prizes. Is this fact true or false ? Please remember to take your time. If your having difficulty with the answer please seek medical attention. The solution is posted below the wildlife photo.   A. False Liquid assets are things of value which may be converted into cash as needed. Cash is also a liquid asset.  
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By David Saks
((retired))
                                                          #2284 An asset is a special seat, stool or chair designed to conform to the contour of the posterior hind end of quadrupeds and gorillas. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False (duh) An asset may be considered to be anything of value owned by a person or other entity.
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By David Saks
((retired))
                                                    #2283 Depreciation is a term which, by it's absolute meaning in real estate, represents the decrease in the value of an asset. It is also considered to be the opposite of appreciation which is the increase in the value of an asset. Is this fact considered to be true or false ? Please take your time. The solution is posted below the wildlife photo. A. True Depreciation is the decrease in the value of an asset.
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By David Saks
((retired))
                                                            #2282 Appreciation is a term which, by it's absolute meaning in real estate, stands for the increase in the value of an asset. It is also considered to be the opposite of depreciation which is the decrease in the value of an asset. Is this fact considered to be true or false ? Please take your time. The solution is posted below the wildlife photo. A. True Appreciation is the increase in the value of an asset.
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By David Saks
((retired))
                                                     #2281 An appraiser is a professional who's skill and expertise are both utilized in estimating the value of a piece of property. An appraiser will seek qualification through training, study and experience. An appraiser is an expert who will estimate the value of real estate. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. True
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By David Saks
((retired))
  Earl "Fatha" Hines Was a Piano ManHere He is With Some Real BeBop "Second Balcony Jump" Grab the Parachute Enjoy This Sunday Serenade Entry With the Croissant and Lox -David-
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By David Saks
((retired))
Growing Up in Memphis I Remember Listening In Awe to This Great Lady On Sunday Morning! Albertina Walker August 29, 1929 – October 8, 2010(2010-10-08) "I Can Go to God In Prayer"   Visit Your Place of Worship -David-  
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Some only want to play a game and keep score.    To some members it's a game called "ActiveRain". ActiveRain is not a game.   ActiveRain is a network of highly skilled, dedicated real estate professionals.   Most of them anyway.   When you get ActiveRain points it's because of your involvement. Not because of a slam dunk.   So why do some people pig out for points ?   They need and crave attention.   They want to play a game.   It doesn't matter that they post the same listings five or six times for points.   It doesn't matter that they spam the real estate community with email asking everyone to join for the bonus points they get if you join. It doesn't matter that their blog content is boring and sucks.   They just want to win the game.   The points game.   And that pig doesn't fly.  ...
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By David Saks
((retired))
Life Is & Can Be a Wonderful Thing ! Here's Ollie to Prove It With "Always Look on the Bright Side of Life" Have a Great Week Ahead ! -David-
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Tucson Man Sentenced to 135 Months for Defrauding More Than 1,600 People U.S. Attorney’s Office July 24, 2013 District of Arizona (602) 514-7500   TUCSON, AZ—On July 23, 2013, Anthony Mark Boscarino, 47, of Tucson, Arizona, was sentenced by U.S. District Judge Cindy K. Jorgenson to 135 months. Boscarino pleaded guilty January 23 and February 27, 2013, to 43 crimes including fraud, money laundering, and tax evasion. Boscarino was involved in multiple frauds using his Internet sports handicapping site that operated under several names, including Mike’s Lock Club.  He solicited victims to invest in gambling junkets to Las Vegas, in an oil well project in Louisiana, in collateralized mortgage obligations and several other scams. He was ordered to pay restitution of $6.5 million to the 1,68...
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By David Saks
((retired))
  Real estate fraud comes in all kinds of ways.     Fraud for housing.   Fraud for profit.   It takes place all over America.   It happens everyday.   In every town.     Every city.     It destroys banks.         Communities.     Neighborhoods.   Families.   Lives.       You want to know just how damned bad it is ?   Click this button.   It must be stopped ! NOW !
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