David Saks is a musician, retired real estate broker, and long-time ActiveRain member.
David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet.
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ARCHIVED BLOG POSTS
2011
Man Sentenced for Scheme Involving 200 Properties Nathan Daniel Jesh, 34, Rosemount, Minnesota, was sentenced for his role in a mortgage fraud scheme involving at least 200 properties, principally in north Minneapolis, and mortgage proceeds of approximately $35 million. United States District Cou...
11/22/2011
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Do your clients get a free ride and tour of the subdivision in your sedan on Sunday while their children are screaming and rubbing their chocolate-stained hands on the upholstery of the back seat of your car ? Do you find yourself handing out brochures about lead based paint, buyer agency...
11/21/2011
What is pre-approval ? Well, in short, it's a lender's practice of approving a borrower for a determined loan amount. This in turn allows the buyer to search for a home with the confidence they need, along with the ability to share that information with the seller, and demonstrate that they're f...
11/21/2011
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The FBI sent me this great note about protecting yourself this Holiday Season. I want to share it with you. =============================================================== In advance of the holiday season, the FBI’s Internet Crime Complaint Center reminds shoppers to beware of cyber criminals an...
11/21/2011
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Freddie Mac reported that average interest on 30-year home loans climbed 4 percent from 3.99 percent a week earlier. 15-year fixed mortgages averaged 3.31 percent compared to 3.30 percent; and one-year adjustable-rate mortgages up to 2.98 percent from 2.95 percent. Five-year ARMs reversed the up...
11/21/2011
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#1410 A local construction company recently purchased 75 acres of land and decided to build a number of storage facilities on the property for the storage of building matrerials and machinery. What is the most significant and notable condit...
11/20/2011
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#1409 When we talk about a REALTOR®, what kind of a person are we referring to ? Please take your time. The answer is posted below the wildlife photo. A REALTOR® is a member of the National Association of REALTORS®, which is also the n...
11/20/2011
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#1408 When we consider the supply in the real estate markets, between the options of demographics, population, employment, and government financial policies, which one of these has the most impact ? A. Govermnment financial policies. The...
11/20/2011
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#1407 Appraisal, financing, property management and development may all be considered example of what ? A. All of these things are considered specializations within the real estate industry. Property management is ...
11/20/2011