David Saks' Blog

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Industry Observer - TN LIC# 290452
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. Please join. Membership in ActiveRain will enrich your life !

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
  Happy Holidays -David-
11/22/2011
      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
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
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
                                                         #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
                                                              #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
                                                            #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
                                                                                   #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
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David Saks

Broker / Industry Analyst
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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
Nothing will be published that has not been verified via the public record or consent provided.
The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component.
Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component.
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