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
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#2235 A man is applying for a conventional loan with an LTV of 90%. He has a monthly income of 3000 dollars a month. His total monthly recurring debt obligations equal 500 dollars. What is the maximum monthly mortgage payment that this buyer...
06/23/2013
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#2234 When we talk about a 2-1 buydown plan we're talking about buying down the interest rate at 1% for two years. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A 2-1 buydown pl...
06/23/2013
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#2233 When considering a bi-weekly loan, one of the disadvantages is that it will take more time to build equity. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. False Equit...
06/23/2013
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#2232 Private mortgage insurance is usually required if the loan-to-value ratio exceeds 80%. Is this true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. True PMI (provate mortgage insurance)...
06/23/2013
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#2231 A buydown is not an option when the lender is considering a way to help a buyer qualify for a loan. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The buydown will allo...
06/23/2013
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Here's Glenn Miller and the Band with "I Know Why" From the 1941 movie, "Sun Valley Serenade". Enjoy ! -David-
06/21/2013
Here's a great old toe-tapper ! It's the Cadillacs and "Speedoo" from 1955 ! Enjoy ! -David-
06/21/2013
Former Fugitive Pleads Guilty to Multi-Million-Dollar Sophisticated Fraud Scheme with Ties to Nigeria U.S. Attorney’s Office June 21, 2013 Eastern District of Virginia (703) 299-3700 ALEXANDRIA, VA—Tobechi Eyinna Onwuhara, 33, of Dallas, Texas, pleaded guilty today to charges of conspiracy to ...
06/21/2013
Waterford Man on Trial for Mortgage Fraud Offenses Pleads Guilty U.S. Attorney’s Office June 21, 2013 District of Connecticut (203) 821-3700 Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that Juan Velez, 60, of Waterford, pleaded guilty today before ...
06/21/2013
Florida Man Arrested in Connection with $8 Million Investment Fraud Scheme U.S. Attorney’s Office June 20, 2013 Southern District of New York (212) 637-2600 NEW YORK—Seth Beoku Betts, a principal of Betts and Gambles Global Equities LLC (Betts and Gambles), was arrested today on the charge of ...
06/21/2013