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 

                                                              #1654 In lease-option type situations the rent charged to the tenant is rarely higher than the fair market rent for the property. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. F...
05/13/2012
                                                      #1653 It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False Refinacing may...
05/13/2012
                                                               #1652 A seller will most likely consider using a seller second to supplement a new loan for a buyer when interest rates are high. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlif...
05/13/2012
                                                            #1651 A land contract may be used to finance the buyer's purchase of a home. This is the first mortgage. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. A. True The land co...
05/13/2012
Suspects in Multi-State Mortgage Fraud Scheme Charged in Chattanooga FBI Knoxville May 09, 2012 Media Representative Stacie J. Bohanan (865) 602-7250   Financial, Fraud, Mortgage Fraud, Press Release   Joshua O. Dobson, age 34, of Kimball, Tennessee; and Paul E. Gott, III, age 39, of Jasper, Ten...
05/10/2012
Lawyer for Coachella Valley Indian Tribe and Three Others Charged in Bribery Scheme Related to Projects at Spotlight 29 Casino U.S. Attorney’s Office May 10, 2012 Central District of California (213) 894-2434   Financial, Fraud, Indian Country, Press Release   LOS ANGELES—An attorney for the Twe...
05/10/2012
Three Defendants Indicted in Alleged $750,000 Mortgage Fraud Scheme Involving Three Residences in Chicago U.S. Attorney’s Office May 10, 2012  Northern District of Illinois (312) 353-5300 CHICAGO—A Chicago area real estate investor, the president of a Colorado real estate financing company, and a...
05/10/2012
Minneapolis Man Indicted for Mortgage Fraud in Connection with Burnsville Condo Project U.S. Attorney’s Office May 09, 2012 District of Minnesota (612) 664-5600   Financial, Fraud, Mortgage Fraud, Press Release   MINNEAPOLIS—Earlier today in federal court in St. Paul, a 43-year-old Minneapolis m...
05/10/2012
Mortgage Scam Perpetrated at Height of Financial Crisis Lands Fraudster in Prison for 7 Years James Delbert McConville, 61, Fremont, California, was sentenced to 93 months in prison, and ordered to pay more than $7 million in restitution for conspiring to commit mail and wire fraud related to app...
05/09/2012
Guilty Pleas Entered by 3 Defendants in Mortgage Fraud Case Craig Hudson, 40, Lynne Hudson, 35, and Eric Rivero, 39, all residents of Tampa, Florida, pleaded guilty to racketeering and conspiracy to commit racketeering for mortgage fraud related crimes. The defendants will be sentenced at a later...
05/09/2012
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David Saks

May God Bless You, Always. David
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