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 

Sales Summary These sales summaries reflect locally recorded data compiled from deeds that were recorded in Shelby, Fayette and Tipton Counties. *Bank sales represent all warranty deeds recorded in Shelby,Fayette and Tipton counties where the seller was a bank, reo company, or other similar insti...
08/08/2013
Verona Man Charged with Making False Statements U.S. Attorney’s Office August 07, 2013 Western District of Wisconsin (608) 264–5158   MADISON, WI—A federal grand jury in the Western District of Wisconsin sitting in Madison returned the following indictment today. You are advised that a charge is...
08/07/2013
Longtime Fugitive Sentenced to 11 Years in Federal Prison for Massive Fraud and Identity Theft Scheme Linked to Foreclosure Scam U.S. Attorney’s Office August 05, 2013 Central District of California (213) 894-2434   LOS ANGELES—A fraud artist who was a fugitive from justice for more than a decad...
08/07/2013
West Hartford Attorney Pleads Guilty to Participating in Mortgage Fraud and Money Laundering Conspiracies U.S. Attorney’s Office August 06, 2013 District of Connecticut (203) 821-3700   Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that GABRIEL SERRANO...
08/06/2013
Joplin Man Pleads Guilty to Disaster Fraud Related to Tornado Benefits U.S. Attorney’s Office August 05, 2013 Western District of Missouri (816) 426-3122   SPRINGFIELD, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Joplin, Missouri man pleaded ...
08/05/2013
                                                                       #2300 When we consider the words broker and REALTOR® are they alike or unrelated ? Take your time. The answer is posted below the photo. A. The terms are unrelated . A broker is a real estate licensee and a REALTOR® is a membe...
08/04/2013
                                                     #2299 A beneficiary is someone who is a decendant of Benny Fish. Is this fact true or false ? Please remember to take your time. The answer is posted below the wildlife photo if it's too tough for you. A. False A beneficiary is a person or enti...
08/04/2013
                                                           #2298 A bearer is one who searches for objects that reflect the life of a bear when decorating a home or staging. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo.   A. False A bearer is ...
08/04/2013
                                                        #2297 When we talk about the intitial basis we're referring to the basic reason why a buyer wanted to buy a home in the first place. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. Fals...
08/04/2013
                                                          #2296 An adjusted basis would be a property owner's basis in the property which includes expenses for improvements minus any deductions for depreciation. Is this fact true or false ? Please take your time. The solution is posted below the ...
08/04/2013
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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.
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