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

2013 

                                                          #2165 When we talk about a budget mortgage we're talking about a mortgage that allows for the greatest discount level possible given the size of the loan and other variables. Is this true or false ? Take your time. The solution is posted b...
05/05/2013
                                                   #2164 A developer has seven parcels of land and found out that he needs some more money to finish the project. In order to secure a loan and the additional resources needed to finish the project the developer offers all seven parcels of land as c...
05/05/2013
                                                     #2163 If a provision is included in a mortgage that will permit the lender to declare an entire loan balance due and payable if the property is sold this provision is commonly referred to as a prepayment penalty. Is this true or false ? Take yo...
05/05/2013
                                                    #2162 If there is a provision in a mortgage that allows the lender to declare the entire loan balance due upon default of the loan by the borrower this provision is known as an exculpatory clause. Is this true or false ? Take your time. The solu...
05/05/2013
                                                    #2161 When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer. Is this true or false ? Take your time. The solution is posted below t...
05/05/2013
Congratulations to Kerrie Greenhalgh on her marriage. This is for you, Kerrie ! The late, great Friedrich Gulda does the Door's .
05/05/2013
Folsom Man Sentenced for $6.9 Million Investment Fraud U.S. Attorney’s Office May 03, 2013 Eastern District of California (916) 554-2700   SACRAMENTO—United States District Judge Garland E. Burrell, Jr. sentenced Sacramento developer David Romo, 42, of Folsom, today to 10 years and one month in ...
05/03/2013
Former Treasure Valley Woman Sentenced for Theft from Financial Institution Defendant to Pay $100,272.32 in Restitution to Bank U.S. Attorney’s Office May 02, 2013 District of Idaho (208) 334-1211   BOISE—Season Heather Hymas, 27, of American Fork, Utah, was sentenced today in United States Dist...
05/03/2013
  New Haven Attorney Involved in Mortgage Fraud Scheme Sentenced to 21 Months in Prison U.S. Attorney’s Office May 02, 2013 District of Connecticut (203) 821-3700   David B. Fein, United States Attorney for the District of Connecticut, announced that David Kinney, 54, of Woodbridge, was sentenced...
05/03/2013
New Haven Attorney Involved in Mortgage Fraud Scheme Sentenced to 21 Months in Prison U.S. Attorney’s Office May 02, 2013 District of Connecticut (203) 821-3700   David B. Fein, United States Attorney for the District of Connecticut, announced that David Kinney, 54, of Woodbridge, was sentenced ...
05/02/2013
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David Saks

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