David Saks' Blog

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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

2015 

Attorney Pleads Guilty to Bank Fraud Charge U.S. Attorney’s Office February 09, 2015 Western District of Pennsylvania PITTSBURGH—An attorney has pleaded guilty in federal court to a charge of bank fraud, United States Attorney David J. Hickton announced today. Erik Sobkiewicz, 51, of 432 Morewoo...
02/09/2015
Construction Worker Sentenced to Federal Prison for Cocaine Delivery U.S. Attorney’s Office February 09, 2015 Southern District of Illinois (618) 628-3700 A St. Charles, Missouri, resident was sentenced to federal prison for unlawful distribution of a controlled substance on February 6, 2015, th...
02/09/2015
  REAL ESTATE   FRAUD FILES       “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”   ― David Saks ...
02/09/2015
Virginia Beach Woman Sentenced to Two Years for Mail Fraud Found to be Stealing Hundreds of Thousands of Dollars from Local Construction Companies U.S. Attorney’s Office February 09, 2015 Eastern District of Virginia (757) 441-6331 NORFOLK, VA— Paula G. Akers, age 51, of Virginia Beach, Va., was...
02/09/2015
McLean Woman Sentenced to More Than Two Years in Prison for Mortgage Fraud and Tax Fraud Conspiracies Two Crimes Caused Actual Losses Exceeding $1 Million U.S. Attorney’s Office February 06, 2015 Eastern District of Virginia (703) 299-3700 ALEXANDRIA, VA— Yeon Han, 53, of McLean, Virginia, was s...
02/08/2015
If a home is assessed at 80% of it's value and it's value is $800,000, and the combined tax rate is equal to $42.50 per 1000 dollars of valuation, what is the total annual tax amount ? Remember to take your time. The solution is posted below the wildlife photograph. A. $27,200 Let's find out wha...
02/08/2015
A lot measuring 100 feet by 108.9 feet would be would be equivalent to what portion of an acre ? Please take your time. The solution is posted below the wildlife photo. A. One quarter of an acre. Let's multiply 100 feet times 108.9 to find the total square footage of the lot, which is 10,890 squ...
02/08/2015
A commercial lot is assesed at 60 thousand dollars. The tax rate has been established to reflect $15.55 per $1000 of assessed valuation. What is the amount of the property tax ? Take your time. The answer is posted below the wildlife photograph. A. $933 If the property's assessed value is 60 tho...
02/08/2015
A broker has 1.87 acres of land listed with himlisted with him for sale at 22.50 per square foot. What was the total selling price of the acreage ? Take your time. The answer is posted below the wildlife photo ? A. $1,832,787 We know that there are 43,560 square feet in an acre of land, so multi...
02/08/2015
  What are the two most important factors to be considered when determining the tax rate ? This is a real toughy, so make sure you take your sweet time and think it over real carefully before you scribble your answer down on your scrap paper. A. The assessed value of the property and the tax mill...
02/08/2015
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David Saks

Broker / Industry Analyst
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