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

2013 

                                                        #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
                                                        #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
                                                        #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
                                                        #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
                                                            #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
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
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David Saks

Broker / Industry Analyst
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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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