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 

                                                     #1399 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 enti...
11/13/2011
                                                           #1398 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 ...
11/13/2011
                                                        #1397 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. Fals...
11/13/2011
                                                          #1396 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 ...
11/13/2011
                                                         #1395 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. theory A. False The basis is a figure which is used to calculate gai...
11/13/2011
                                                    #1394 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 i...
11/13/2011
                                                        #1393 When we talk about the bad debt/vacancy factor were 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 s...
11/13/2011
                                                  #1392 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 ...
11/13/2011
Utah Man Pleads Guilty in West Virginia to Charges Connected to Multi-Million-Dollar Mortgage Fraud Scheme  U.S. Attorney’s Office November 10, 2011 Western District of Pennsylvania (412) 644-3500   CHARLESTON, WV—A Utah man pleaded guilty today in federal court before U.S. District Judge Thomas...
11/11/2011
Tenth Person Pleads Guilty in Scheme to Fraudulently Control Condominium Homeowners’ Associations in Las Vegas U.S. Department of Justice November 10, 2011 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—A Las Vegas woman pleaded guilty today for her role in a scheme to f...
11/11/2011
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David Saks

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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.
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