David Saks' Blog

Follow me
By
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

2011 

                                                   #1359 Under the Real Estate Settlement Procedures Act (RESPA) a lender may pay a kickback to a builder for sending a buyer in. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False A lender ...
10/17/2011
                                                  #1358 Under the Real Estate Settlement Procedures Act (RESPA) a lender is allowed to pay a referral fee. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Under RESPA lenders are prohibit...
10/17/2011
                                                     #1357 Under the Real Estate Settlement Procedures Act or RESPA, a lender is required to give an applicant for a loan a good faith estimate (GFE) of the closing costs associated with the loan within seven days of the application. Is this fact tr...
10/17/2011
                                                      #1356  When charges are calculated, the charges in a real estate transaction that are payable by or to a party to the closing will be found in the Truth In Lending Statement (TILA). Is this fact true or false ? Please take your time. The solut...
10/17/2011
                                                          #1355 Federal legislation that will prevent discrimination against an applicant because of their race is RESPA. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False The ECOA or the E...
10/17/2011
                                                         #1354 One of the best ways available to compare loan costs is to use a formula that examines the lender's yield. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The best way to compare ...
10/17/2011
                                                      #1353 It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Refinacing may...
10/17/2011
                                                           #1352 A seller will most likely consider using a seller second to supplement a new loan for a buyer when interest rates are high. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife ph...
10/17/2011
                                                            #1351 A land contract may be used to finance the buyer's purchase of a home. This is the first mortgage. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. True The land co...
10/17/2011
Former Towson Title Company Employee Pleads Guilty to Filing False Tax Returns After Embezzling More Than $382,000 U.S. Attorney’s Office October 14, 2011 District of Maryland (410) 209-4800 BALTIMORE—Collette Snyder, age 42, of Timonium, Maryland, pleaded guilty today to filing false tax return...
10/14/2011
Rainmaker
1,572,727

David Saks

Broker / Industry Analyst
Contact The Author

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/legalpolicies
Please contact David with any questions.

Photos © & Licensed by Nova Development