David Saks' Blog

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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

2012 

                                                     #1973 A principle which is considered under appraisal guidelines that holds that value may be created by the expectation of benefit to be received at some future point and time is known as the Principle of Anticipation. Is this fact considered ...
12/24/2012
                                                         #1972 An item in an instrument used for the security of a home purchase that will allow the lender to declare the entire debt of the loan due and payabe immediately if the borrower defaults or breaches the agreement is known as the Principl...
12/24/2012
                                                     #1971 Acceleration is the process of declaring an entire loan balance due because a borrower defaulted on the loan or, if there is an alienation clause in the loan, the borrower sold the home without the lender's approval. Is this fact true or ...
12/24/2012
Webster Groves Attorney, Clergyman Will Spend the Rest of His Life in Prison for $56 Million Ponzi Scheme U.S. Attorney’s Office December 21, 2012 Western District of Missouri (816) 426-3122   KANSAS CITY, MO—David M. Ketchmark, Acting United States Attorney for the Western District of Missouri,...
12/21/2012
Former Executive Director of Taos County Housing Authority Arraigned on Federal Theft Charges U.S. Attorney’s Office December 20, 2012 District of New Mexico (505) 346-7274   ALBUQUERQUE—This morning, Carmella Martinez, 41, and her husband Paul G. Martinez, 43, both of Arroyo Seco, New Mexico, w...
12/21/2012
Director of Operations of North Bergen Housing Authority Pleads Guilty to Extortion U.S. Attorney’s Office December 20, 2012 District of New Jersey (973) 645-2888   NEWARK—The director of operations for the Housing Authority of the Township of North Bergen, New Jersey today admitted extorting em...
12/21/2012
Con Man Sought After Failing to Appear for Sentencing on Charges That He Defrauded Homeowner Victims Out of Millions of Dollars FBI Los Angeles December 20, 2012 Public Affairs Specialist Laura Eimiller (310) 996-3343   A San Gabriel man who was scheduled to be sentenced on Monday but failed to ...
12/20/2012
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12/20/2012
Jury Finds Oakland Man Guilty of $3.3 Million Fraud Scheme U.S. Attorney’s Office December 19, 2012 Northern District of California (415) 436-7200   OAKLAND, CA—Keith Aaron Vann, 42, of Oakland was convicted by a federal jury Monday of conspiracy to commit wire fraud and mail fraud, wire fraud, ...
12/20/2012
Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role in Mortgage Fraud Scheme U.S. Department of Justice December 19, 2012 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—A Las Vegas real estate agent was sentenced today to serve 70 months in prison f...
12/20/2012
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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.
Nothing will be published that has not been verified via the public record or consent provided.
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