David Saks

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Education & Training - (retired) - 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

2012 

Man Charged with ID Theft To Obtain Two Home Loans Davionne Anderson, 41, Newark, New Jersey was indicted for allegedly stealing approximately $1.2 million from two mortgage lenders by using a stolen identity and false information to obtain two home loans, which he used to sell his home in Newark...
05/30/2012
Hells Angel Associate Sentenced for Mortgage Fraud Justin Batemon, 34, Hayward, Calif., was sentenced to 37 months in prison and ordered to pay restitution for his role in a multi-million dollar mortgage fraud scheme. The defendant pleaded guilty on Jan. 31, 2012, to conspiracy to commit bank and...
05/30/2012
Mortgage Professional Indicted for Defrauding Lenders Peter Vincent Capra, 55, Littleton, Colorado, was indicted by a federal grand jury in on May 23, 2012 on additional charges of wire fraud, mail fraud, and money laundering.  Capra is scheduled to appear in U.S. District Court on May 29, 2012 a...
05/30/2012
NOT A REALTOR ? DON'T WANT TO BE A REALTOR ? HERE'S ANOTHER GROUP WHERE YOU CAN HANG YOUR HAT. THE NAR-FREE ZONE CLICK THE LINK TO CHECK IT OUT.  
05/29/2012
Indictment Handed Down for Mortgage Kickback Scam Michael J. Smith, 31, Springfield, Pennsylvania, was charged by indictment with participating in a mortgage fraud conspiracy that caused losses of over $600,000. Specifically, Smith is charged with one count of conspiracy to commit wire fraud, two...
05/29/2012
Jury Convicts Fraudster of Elaborate Mortgage Fraud Scam Avinie Maurice Bates, III, 41, Miramar, Florida, was convicted by a jury in U.S. District Court in Panama City, Florida, on one count of wire fraud for his role in an elaborate mortgage-fraud scheme that spanned from Miami to Panama City. C...
05/29/2012
                                                          #1680 An appraisal, the expert opinion by a professional appraiser, is performed at a particular date and time in order to rend an estimate of value of a piece of real estate. The appraisal is based on a detailed analysis of the many and v...
05/28/2012
                                                        #1679 Anticipation is an appraisal theory that believes that value is something which is created by inflation. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo. A. False Anticipation is a principle...
05/28/2012
                                                         #1678 Ammortization is the process of paying off a short term loan which will end with the payment of a final installment known as a balloon. Is this fact true or false ? Please take your time. The solution is posted below the wildlife phot...
05/28/2012
                                                     #1677 An alienation clause is an item or provision included in a security instrument whcih will allow a lender to sell a home in a short sale if the borrower defaults on the loan. Is this fact true or false ? Take your time. The solution is pos...
05/28/2012
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David Saks

May God Bless You, Always. David
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