david saks: Is Your Blog Violating Fiduciary Responsibility & Breaking the Law ? - 03/08/14 02:39 AM

As a real estate agent and broker you've been assigned a legal trust when you have a signed listing agreement on the table.
As a broker employed under the terms of a listing contract, or buyer agency agreement, trust and confidence has been given to you to protect the interests of your client.
This relationship of trust and confidence extends between you as the trustee of this confidence and your client who is the principal beneficiary of the confidence,
That trust is broken when you transmit information of a confidential nature, reserved for your client to anyone other than the … (10 comments)

david saks: ActiveRain 2014 Spring Meetup in Memphis - 03/04/14 12:15 PM
ActiveRain
2014
Spring Meetup in Memphis
 

 
Starbucks
1850 Union Ave
Memphis, Tennessee
  Saturday
March 29, 2014
11:30AM till 1:00 PM

 

You'll receive 1,000 points for your attendance !
Many thanks to:

Kerrie LaGuardia ActiveRain Community Manager
(6 comments)

david saks: Tune Time- Stuart, Florida's Vaughn Monroe "Red Roses for a Blue Lady" - 03/04/14 11:34 AM
Beautiful
Stuart, Florida's
Best Known Resident
Next to the Great
Gabe Sanders
was
Vaughn Monroe
(October 7, 1911 – May 21, 1973)
When Vaughn Retired He Spent the Last Days
Of His Life In Stuart
Here He Is With
"Red Roses For a Blue Lady"
Enjoy !
-David-
(3 comments)

david saks: A RESPA-Related Lawsuit Is Making News - 03/03/14 04:12 PM
 
A RESPA-Related Lawsuit Is Making News
Real estate columnist Ken Harney posted an article on Inman News last week ("Top-producing Long & Foster team facing class-action RESPA suit over alleged kickbacks") about a lawsuit filed last month against a high-producing team in Maryland:
*** BEGIN QUOTE ***
A federal district court's decision to certify a class-action suit against one of the highest-volume Realtor teams in the country should set off alarms for brokerage firms that have marketing agreements between themselves and settlement service providers, say RESPA legal experts. Not only is the class-action certification ominous in its own right, but it … (0 comments)

david saks: So You Think There's Less Fraud in the Real Estate Business ??? - 03/02/14 01:32 AM
 
You still believe that there's less fraud today in the real estate business ???
click the little red button
(4 comments)

david saks: House Payments Are Increasing - 02/24/14 05:07 AM
 
House Payments Are Increasing

According to a new Nashville Business Journal article, "The average house payment has risen
21 percent since 2012,
according to a housing affordability report from RealtyTrac."
The study was based on a study of 325 counties across the country to find the $865 "estimated monthly house payment for a median-priced three-bedroom home".
To read more, go HERE.
(2 comments)

david saks: John Glenn - This Day In History February 20, 1962 - 02/19/14 06:56 PM
February 20th, 1962
Will Always Be a Great Day in History
To Remember
 
John H. Glenn
Orbited the Earth
 
John Will Be 93 On July 18th
Remember Him February 20th !
And Happy Birthday to John's Wife, Annie !
-David-

 
(2 comments)

david saks: Tuesday's Tune - Bobby Darin "Don't Rain On My Parade" - 02/18/14 03:20 AM
 
The Late, Great
Bobby Darin

"Don't Rain On My Parade"
Enjoy !
-DS-
(2 comments)

david saks: Is This Video Suitable For Your Contest Roger ??? :-) - 02/16/14 03:32 PM
 
A Beatles Ballad
-DS-
 
:-)
 
(2 comments)

david saks: Coming Soon To A Theater Near You !!! - 02/15/14 04:22 AM
 
Here's a Sneak Preview....
 
(8 comments)

david saks: What Is Title Insurance ??? - 02/14/14 02:54 AM

Owning real estate is one of the most precious values of freedom in this country.
You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in … (4 comments)

david saks: Happy to Announce My Business Plan & New Year Resolution Is Working ! - 02/13/14 11:09 AM
I'm Extremely Happy to Announce That
 
My Business Plan and New Year Resolution
"No Drama"
For 2014
Is Working Like a Charm !
 

 
 
All  (and I mean All) The Bills Are Paid....
Including the Mortgage
Which I Burned a Long Time Ago...
 
I Can  Go To The Movies
When I Feel Like It
&
The Coffee Shop, Too !
Isn't That Groovy ?
 
And Best of All....
I Sleep Better...And Dream In Technicolor  :-)
 
Hoooray !!!
 
How 'Bout You ???
 
(4 comments)

david saks: Isaac Sidney "Sid" Caesar (September 8, 1922 – February 12, 2014) - 02/12/14 03:58 PM
Isaac Sidney "Sid" Caesar
(September 8, 1922 – February 12, 2014)
Sid's Immortal
Here He Is With
Carl Reiner & Howard Morris
The Three Haircuts
Zab Gezuntehay, Sid !
-David-
(8 comments)

david saks: Tennessee Real Estate Commission Tough on E&O & Fingerprinting Agents - 02/11/14 06:19 AM
There will be two (2) new rules of the Tennessee Real Estate Commission, specifically Rule 1260-01-.16 and Rule 1260-01-.17, which will be effective on May 8, 2014. 
 
A copy of the new rules is available for review on the website of the Secretary of State at http://tn.gov/sos/rules_filings/02-06-14.pdf
 
The new rules include a rule relating to the ramifications for failure to maintain errors and omissions insurance as required by Tenn. Code Ann. § 62-13-112 (as amended by Public Chapter No. 84). as well as
Also a new rule expanding upon the new requirement of Tenn. Code Ann. § 62-13-303 … (4 comments)

david saks: MidWeek Movie Review - "Nebraska" - 02/06/14 01:14 AM
 
 
Magnificent !
Heartwarming !
Brilliant !

(10 comments)

david saks: Quote for the Day - " Anything Less Than Prime Is Slime ! " - 02/05/14 12:14 PM
"Anything Less Than Prime Is Slime!"
David Saks
On Subprime (now "nonprime") Lending
 SUBSLIME Loans Are Coming Back !
According to a recent Bloomberg/BusinessWeek article, more executives are working to revive the subprime lending market, though the loans now are called "nonprime" and require as much as 30 percent down.
Lenders believe this niche holds opportunity for growth (???) as stricter federal standards keep millions of Americans with bad credit out of the mortgage market.
Nonprime loans go to the riskiest borrowers -- including those with low credit scores, high debt loads, or an inconsistent income.
To … (2 comments)

david saks: That Filthy Beast Is Rearing It's Ugly Head Again !!! - 02/05/14 02:04 AM
It's Rearing It's Ugly Head Again With a New Name !!!
Subrpime Is Now "NONPRIME"
Arrrrggggghhhhh!!!!
 
According to a recent Bloomberg/BusinessWeek article, more executives are working to revive the subprime lending market, though the loans now are called "nonprime" and require as much as 30 percent down.

Lenders believe this niche holds opportunity for growth (???) as stricter federal standards keep millions of Americans with bad credit out of the mortgage market.
Nonprime loans go to the riskiest borrowers -- including those with low credit scores, high debt loads, or an inconsistent income.
To read more, … (4 comments)

david saks: A Great Man Died - 02/04/14 12:32 PM
A great man died.
 
 
He came to Memphis in July of 1991 to dedicate the
National Civil Rights Museum.
 
When this man raised his voice the sound of peace could be heard around the world.
 
Racial inequality, the horrors of war, the injustices upon mankind were stilled by the courageous sound of his voice and the trusted banjo he held in his hands for many decades.

 
On that historic day in July this man called me at home and asked me to have ice cream with him, his wife and their … (3 comments)

david saks: Dookied Pampers - 01/26/14 05:01 PM

Do you check out the neighborhood for your buyer ? If not, maybe you should start. It's rather naive to believe that sex offenders, drug dealers, meth labs, burglaries, robberies, auto thefts, home invasions, vandalisms, domestic violoence, identity theft, rape, arson, gun crimes and work-place violence only occur in low to middle class income regions.
Some of the worst crimes and offenses are committed in multi-million dollar high rises, on the grounds of some of America's most luxurious properties and neighborhoods, in fabulous gated communities and in grand condominium districts.
In 2002 the Federal Bureau of Investigation's Uniform Crime Report estimated … (12 comments)

david saks: Crye-Leike Real Estate Pulls Memphis-Area Listings from Zillow, Trulia - 01/26/14 04:32 AM
 
(5 comments)

 
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.The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component. Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component. Please see the Department of Justice Legal Policies at:http://www.justice.gov/legalpoliciesPlease contact David with any questions.
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