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
2013
Attorney Sentenced to 30 Months in Prison for Role in Mortgage Fraud Scheme U.S. Attorney’s Office June 03, 2013 District of Connecticut (203) 821-3700 Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, today announced that Joseph Kriz, 50, of Wilton, was sentenced...
06/04/2013
May 3, 2013STATEMENT FROM HUD SECRETARY SHAUN DONOVAN ON THE PASSING OF SEN. FRANK LAUTENBERG (NJ) WASHINGTON – U.S. Department of Housing and Urban Development Secretary Shaun Donovan issued the following statement today on the passing of New Jersey Senator Frank Lautenberg: ...
06/03/2013
Former Employee of Atlantic County Timeshare Consulting Firm Admits Conspiring to Defraud Timeshare Owners U.S. Attorney’s Office May 31, 2013 District of New Jersey (973) 645-2888 CAMDEN, NJ—A former employee of The Vacation Ownership Group LLC of Pleasantville, New Jersey admitted to conspir...
06/03/2013
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#2210 Credit report fees, loan origination fees and appraisal fees are all costs that show up in the loan's APR. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Points paid by the loa...
06/02/2013
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#2209 When a portion of a borrower's monthly mortgage payment is held to be applied later towards property taxes and insurance the money will be held by a trustee. Is this true or false ? Take your time. The solution is posted below the wildlife ph...
06/02/2013
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#2208 If the lender agrees to guarantee a specific interest rate for a specific period of time this is known as discounting the float. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False I...
06/02/2013
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#2207 Fees that normally pay the overhead costs of a lender are the loan discount fees associated with the loan. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo. A. False Fees than pay the lender's ...
06/02/2013
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#2206 How much is one half divided by two thirds ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. Good luc...
06/02/2013
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#2205 When a lender takes a loan application the most important thing the lender is concerned with is the applicants employment history for the last 15 years. The applicants current housing expenses are of little interest. Is this tr...
06/02/2013
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#2204 One of the best ways available to compare loan costs is to use a formula that examines the lender's yield. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The best way to compare ...
06/02/2013