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
Man Indicted for Submitting False Information to Lender Adebowale Sheba, 41, Franklin Township, New Jersey, has pled guilty to mortgage fraud. Sheba admitted that he used an alias and false employment and earnings information to obtain mortgage loans in the amounts of $278,950 and $235,000 for th...
07/03/2012
Real Estate Firm Owners Admit Stealing Over $600k from Sellers Joann Smith, 47, and her boyfriend, Wayne Betha, 42, Ewing, New Jersey, who ran a real estate firm, pleaded guilty to stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifyi...
07/03/2012
Couple Sentenced for Mortgage Fraud Crimes Paulo Montenegro, 45, and his wife, Rosana Pereira, 48, Weston, Massachusetts, have been sentenced in connection with fraudulently obtaining tens of thousands of dollars in Section 8 public housing subsidies and defrauding mortgage lenders. Pereira and M...
07/03/2012
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FBI Informant Charged with Mortgage Fraud Paul R. Tomko, 39, Cleveland, Ohio, a former paid cooperator for a federal law enforcement agency, is the subject of an eight-count indictment for mortgage and student aid fraud. Tomko was charged with one count of conspiracy to commit wire fraud and two ...
07/03/2012
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#1730 When we consider the right to control or use property or real estate, and to freely dispose of the property as we see to it at will or through a deed, these rights are incorporated into what system ? Take your time. The solution is posted be...
07/02/2012
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#1729 When we describe something as unique it's considered to be scarce ? Think of dissimilar and anything marked by dissimilarity. True or false ? Take your time. The solution is posted below the wildlife photo. A. False If it's consi...
07/02/2012
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#1728 If a tenant farmer decides to build a hen house and a building for his tractor, who do these buildings belong to ? Take you time. The solution is posted below the wildlife photo. A. The tenant. If the tenant constructs a building o...
07/02/2012
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#1727 If the buildings were blown to smithereens, vaporized, bombed, imploded or torn to pieces and the land is still there, what example has been established by recognizing that the land still in place ? A. The indestructability ...
07/02/2012
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#1726 If a landowner has posted a "no trespassing" or "no hunting" sign on his or her property, what stick in the bundle of legal rights is this person exercising ? A. The right of exclusioon. The right of exclusion gives the landowner ...
07/02/2012
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#1725 When we consider the methoda of annexation, adaptation and the type of agreement, these are considered the legal tests for determining whether or not an item is land or real estate ? True or false ? A. False The method of annexa...
07/02/2012