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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#1563 If a provision is included in a mortgage that will permit the lender to declare an entire loan balance due and payable if the property is sold this provision is commonly referred to as a prepayment penalty. Is this true or false ? Take yo...
03/12/2012
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#1562 If there is a provision in a mortgage that allows the lender to declare the entire loan balance due upon default of the loan by the borrower this provision is known as an exculpatory clause. Is this true or false ? Take your time. The solu...
03/12/2012
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#1561 When one is considering an installment note they also have to consider the fact that only the interest is being paid if this type of note has been assumed by the buyer. Is this true or false ? Take your time. The solution is posted below t...
03/12/2012
Former Car Wash Owner Indicted for Mortgage Fraud and for Fraudulently Obtaining $3.5 Million in Small Business Administration Loans U.S. Attorney’s Office March 09, 2012 District of Arizona (602) 514-7500 Financial, Fraud, Mortgage Fraud, Press Release PHOENIX—Joseph N. Gagliano, 43, of Sco...
03/09/2012
Former Countrywide Loan Officer Sentenced to 15 Years in Prison and Ordered to Pay $22 Million in Restitution U.S. Attorney’s Office March 08, 2012 District of Arizona (602) 514-7500 Fraud, Mortgage Fraud, Press Release PHOENIX—On March 7, 2012, Paige Kinney, aka JamieLee Lawler, 43, of Phoeni...
03/09/2012
This is what Mort Zuckerman of U.S. News said almost four years ago to the day. He was absolutely right. Nothing has changed.
03/08/2012
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This is typical of the crud realtors crank out in ads ! Makes me ashamed to be a real estate broker ! How about you ? Tell the truth. Stop being a phony cheerleader in a depressed market. Honesty is contagious. Lies breed contempt.
03/08/2012
South Delta Regional Housing Authority Executive Convicted U.S. Attorney’s Office March 07, 2012 Northern District of Mississippi (662) 234-3351 Fraud, Press Release, White-Collar Crime OXFORD, MS—Felicia C. Adams, United States Attorney for the Northern District of Mississippi, together wit...
03/08/2012