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 

                                                               #1676 After someone has signed a document and formally declares to a public official, like a notary, that they have signed the document voluntarily and without any coercion, this is known as longanimity of a truthful attestation. Is t...
05/28/2012
                                                       #1675 Deferred interest is the transfer of interest or ownership in a property from one party to another. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Alienation is the transfer...
05/28/2012
                                                      #1674 Expenses that have been applied but have not yet become due and payable, and seller's accrued expenses that are credited to the buyer at closing, are known as accrued items of expense. Is this fact true or false ? Please remember to take...
05/28/2012
                                                     #1673 A principle which is considered under appraisal guidelines that holds that value may be created by the expectation of benefit to received at some future point and time is known as the Principle of Anticipation. Is this fact considered to ...
05/28/2012
                                                         #1672 An item in an instrument used for the security of a home purchase that will allow the lender to declare the entire debt of the loan due and payabe immediately if the borrower defaults or breaches the agreement is known as the Principl...
05/28/2012
                                                     #1671 Acceleration is the process of declaring an entire loan balance due because a borrower defaulted on the loan or, if there is an alienation clause in the loan, the borrower sold the home without the lender's approval. Is this fact true or ...
05/28/2012
Mitigation Analyst from Home Elevation Program Sentenced U.S. Attorney’s Office May 24, 2012 Eastern District of Louisiana (504) 680-3000   Financial, Fraud, Press Release, Public Corruption   NEW ORLEANS—Wanda Acker Williams, age 33, of New Orleans, Louisiana, was sentenced to six moths of home...
05/25/2012
Title Agent Arrested for Failing to Pay Off Prior Mortgage Marie L. Girard, title agent, has been arrested for misappropriating $584,000 from an escrow account intended for paying off a prior mortgage.   Girard, while acting as a title agent for Girard Title, obtained a refinance mortgage in the ...
05/24/2012
Owner Found Guilty in Mortgage Modification Scheme Isaak Khafizov, 25, Queens, New York New York, a former owner of American Home Recovery (“AHR”), a mortgage loan modification business, was found guilty in Manhattan federal court of conspiracy, mail fraud, and wire fraud, in connection with a sc...
05/23/2012
R.E. Project Manager Pleads Guilty to Construction Fraud Recardo S. Lewis, 61, Norfolk, Virginia, pled guilty federal court to conspiring with others to defraud the Bank of the Commonwealth by submitting fraudulent draws on a multi-million construction project in Virginia Beach, Virginia. Accordi...
05/22/2012
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David Saks

May God Bless You, Always. David
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