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
Former Title Company Employee Pleads Guilty to Conspiracy to Commit Bank Fraud U.S. Attorney’s Office September 04, 2013 Southern District of Texas (713) 567-9000 HOUSTON—Harris County resident Maria Eliza Garza has pleaded guilty to conspiring to defraud seven different Houston-area banks of mo...
09/04/2013
Chesterfield Man Convicted of Defrauding Military Personnel and Their Dependents U.S. Attorney’s Office September 03, 2013 Eastern District of Virginia (804) 819-5400 RICHMOND, VA—Vernon Matthews, 42, of Chesterfield, Virginia, pleaded guilty today to mail fraud, in violation of Title 18, United...
09/04/2013
Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Devolpment Federal Deposit Insurance Corporation Federal Housing ...
09/04/2013
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The kind of SNOB I'm talking about isn't the kind of SNOB that you'll see at Rigoletto. This type of SNOB is a Social Networking Object Bridge (SNOB) ( I coined the acronym) It keeps you connected to your social platforms with messages that reflect your activity. SNOB's deliver the messages acr...
09/03/2013
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#2340 A buyer paid $460,000 for the house. The lot was valued at $65,000. The mortgage was for $200,000. After all is said and done, how much equity does the homeowner have in the place ? A. $260,000 First of all, the value of the lot has...
09/01/2013
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#2339 Homeowner's purchase homeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false ? A. False Homeowner's insurance doesn't cover replacement beca...
09/01/2013
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#2339 Homeowner's purchase homkeowner's insurance because they know that homeowner's insurance will replace old furniture and roofs when these things need replacing. True or false ? A. False Homeowner's insurance doesn't cover replacement bec...
09/01/2013
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#2337 A mortgage broker told a homeowner that he could deduct the appraisal fee from his annual gross income for income tax purposes. Is this true or false ? A. False It could be considered a fraudulent misrepresentation of facts regarding the...
09/01/2013
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#2336 A homeowner insurance policy contained a provision for coinsurance along with coverage that insured the home for total replacement cost. The home burned down and the homeowner had to settle for the present cash value of property da...
09/01/2013
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#2335 A developer built a highrise building in the greater Memphis metropolitan area. This highrise includes residential units, office space and retail stores and is considered to be a planned unit development. True or false ? A. False A hi...
09/01/2013