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
2011
10 Indicted for Georgia Mortgage Fraud Scheme 10 individuals were charged by a Fulton County Grand Jury for their roles in perpetuating mortgage fraud in south Atlanta, Georgia. Victor Shackleford is charged with fourteen counts of Residential Mortgage Fraud; Wayne Pettway is charged with twelve ...
11/15/2011
Jury Convicts Fraudster of Mortgage Elimination Scam Andrew Hamilton Williams, Jr., 60, Hollywood, Florida, was convicted by a federal jury of wire fraud and conspiracy to commit money laundering in connection with his participation in a massive mortgage fraud scheme which promised to pay off hom...
11/15/2011
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Detective uses his access to law enforcement info and tries to get away with ID theft....."The Same Name Game" --------------------------------------------------------------------------------------------------------------------- Former Joplin Police Detective Pleads Guilty to Wire Fraud U.S. Att...
11/15/2011
Final Defendant Sentenced in Mortgage Fraud Case Hewitt Prepared and Submitted False Loan Documents in Furtherance of Scheme U.S. Attorney’s Office November 15, 2011 Northern District of New York (315) 448-0672 ALBANY, NY—Richard S. Hartunian, United States Attorney for the Northern District o...
11/15/2011
Tucson Loan Officer Indicted in Mortgage Fraud Scheme U.S. Attorney’s Office November 15, 2011 District of Arizona (602) 514-7500 TUCSON, AZ—A federal grand jury in Tucson returned an indictment against Juan Delgado of Tucson, Ariz., charging the defendant with four counts of wire fraud. Accor...
11/15/2011
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Home Prices Keep Dropping Home prices fell in nearly three-quarters of U.S. cities during the third quarter from a year ago, according to the National Association of REALTORS. The median price for previously occupied homes sold during the July-to-September quarter declined in 111 out of 150 metro...
11/14/2011
Seven Krahl Construction Executives and Employees and Two Others Indicted in Alleged Billing Fraud and Kickback Scheme U.S. Attorney’s Office November 11, 2011 Northern District of Illinois (312) 353-5300 CHICAGO—The principal owner and six top executives and employees of a former general cont...
11/14/2011
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#1391 An assumption fee is a fee that a lender will charge a borrower for assuming that his or or loan will be approved. Is this fact true or false ? Please take your time with this extremely difficult answer, and consult with an expert if you think...
11/13/2011
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#1391 An assumption fee is a fee that a lender will charge a borrower for assuming that his or or loan will be approved. Is this fact true or false ? Please take your time with this extremely difficult answer, and consult with an expert if you think...
11/13/2011
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#1400 When we consider the words broker and REALTOR® are they alike or unrelated ? Take your time. The answer is posted below the photo. A. The terms are unrelated . A broker is a real estate licensee and a REALTOR® is a membe...
11/13/2011