David Saks

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Education & Training - TN LIC# 290452 (retired)
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

2014 

      Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Rachel Dollar is a California attorney who represents lenders in mortgage related litiga...
12/30/2014
U.S. Attorney Charges Hoover Man for Role in Ponzi Scheme That Bilked Millions from Investors U.S. Attorney’s Office December 29, 2014 Northern District of Alabama (205) 244-2001 BIRMINGHAM—Federal prosecutors today charged a Hoover man with fraud and money laundering in connection with an illeg...
12/30/2014
real estate fraud: Another Real Estate Investor Pleads Guilty to Bid Rigging and Fraud - 12/29/14 09:12 AM Northern California Real Estate Investor Pleads Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions Investigations Have Yielded 51 Plea Agreement and Five Indictments to Date WAS...
12/29/2014
Northern California Real Estate Investor Pleads Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions Investigations Have Yielded 51 Plea Agreement and Five Indictments to Date U.S. Department of Justice December 24, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHING...
12/29/2014
Mr. Schmalz is going to exchange his home for a farm in Missouri owned by Mr. Lubinsky. Mr. Schmalz agrees to allow Mr. Lubinsky, the owner of the 240 acre farm, $600 an acre against the cost of Mr. Schmalz's home, which is listed for $235,000. How much cash difference will Mr. Lubinsky owe Mr. ...
12/28/2014
The Marbelz's decided to build a house 33' 6" x 45' 6" which also includes an offset for the family room which is an additional 5'x15'. If the cost to construct the house is $128.50 per square foot, how much would it cost to build the house ? The answer is posted below the wildlife photo. Please...
12/28/2014
We know that there are 1600 square feet in a house, and that the garage is 20 feet by 30 feet. The cost of building the house is $110 per square foot. The cost of building the garage is $40 per square foot. The 50 foot lot on which the house is going to be constructed costs 150 dollars per front...
12/28/2014
A lot measuring 90 feet wide by 120 feet deep sold for $80,000. A. What was the price per front foot ? B. What was the price per square foot ? Answers posted below the wildlife photos. Please take your time. A. $888.89 B. $7.41 Let's first find the front foot price by dividing 90 feet (the front...
12/28/2014
Mr. Sezimeche leases a storefront to Mr. Dewertsby with a percentage lease. The lease calls for a monthly rental of $3000 and 5% on the gross yearly business over 800,000 dollars. How much rent would Mr. Sezimeche receive yearly from Mr. Dewertsby if Mr. Dewertsby's gross business was $1,400,000...
12/28/2014
A promissory note for $17000 is dated April the 15th 2008 and has an annual interest rate of 5%. The interest is paybable quarterly. None of the interest has been paid yet so a notice is sent to the borrower requesting interest due on January 15th, 2009. How much interest is now due as of Januar...
12/28/2014
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David Saks

May God Bless You, Always. David
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