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
2012
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#1585 When a developer declares that he or she plans to build a mixed-use development, which includes a beautiful shopping mall, and this development will occur adjacent to your lot which is zoned commercial, property values start to increase becau...
03/26/2012
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#1584 When an appraiser is using an income approach to value mortgage payments are generally figured in as part of the property's operating expenses. Is this fact true or false ? Please take your time. The solution is posted below the wil...
03/26/2012
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#1583 When an appraiser considers the early phases of a property's life cycle they're referring to the phase which is commonly referred to as the phase of appreciation. Is this fact true or false ? Please take your time. The solution is pos...
03/26/2012
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#1582 When we speak of the highest and best use of a property we're generally speaking of the best way that a property could benefit the community and satisfy the needs of the neighborhood. is this fact true or false. Please remember to ...
03/26/2012
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#1581 The Uniform Standards of Professional Appraisal Practice endorse the use of letter reports when communicating with a client. Is this fact true or false ? Remember to take your time. The solution is posted below the wildlife photo. A....
03/26/2012
Noted Scientist Sentenced to 13-Year Prison Term for Attempted Espionage, Fraud, and Tax Charges U.S. Department of Justice March 21, 2012 Office of Public Affairs (202) 514-2007/ (202) 514-1888 Breaking News, Counterintelligence, Financial, Foreign Counterintelligence, Press Release WASHINGTO...
03/22/2012
Appraisals May be Required when Calculating Loss in a Mortgage Fraud Case Speaking at a hearing in Washington, D.C., the Appraisal Institute urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. The Appraisal Institute is the n...
03/21/2012
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Real Estate Developer Admits Mortgage Fraud Richard Cartegena, 43, Oldsmar, Florida, pled guilty to mortgage fraud conspiracy charges for his role in a scheme whereby false loan packages were submitted to lenders. Cartegena is a developer of La Encantada Villas, Tampa, Florida. He faces a maximum...
03/21/2012
Executive Sentenced for Sophisticated Mortgage Scam Nicole G. Hathaway, 34, New Kent, Virginia, former President of Mortgage Solutions II, was sentenced to 33 months in prison for her involvement in a two-year mortgage loan fraud scheme. Mortgage Solutions II was a Virginia limited liability corp...
03/21/2012
Woman Arrested for Forging Signatures on Deeds Aruna Kumari Chopra, 63, Modesto, California, was indicted by a federal grand jury on March 15, 2012. The indictment charged her with two counts of mail fraud and two counts of aggravated identity theft. The indictment was unsealed following her arr...
03/21/2012