David Saks

By
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 

Former Council Chairman Kwame R. Brown Sentenced for Bank Fraud and Campaign Finance Violation False Documents Used for Home Equity Loan and to Purchase a Boat U.S. Attorney’s Office November 13, 2012 District of Columbia (202) 514-7566   WASHINGTON—Kwame R. Brown, the former chairman of the cou...
11/13/2012
Las Vegas Woman Convicted for Role in Mortgage Fraud Scheme U.S. Department of Justice November 09, 2012 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—A Las Vegas mortgage agent was found guilty today for participation in a mortgage fraud scheme that netted $1.2 million...
11/13/2012
White Bear Lake Man Sentenced for Fraudulently Brokering Loans in Mortgage Fraud Scheme U.S. Attorney’s Office November 09, 2012 District of Minnesota (612) 664-5600   MINNEAPOLIS—Today in federal court, a 38-year-old White Bear Lake man was sentenced for fraudulently brokering loans in a mortga...
11/13/2012
                                                         #1920 A developer subdivided and made some improvements to a 150 acre parcel of land. The developer created several restrictions, which, by design, were placed in the deed to affect the subdivision. These restrictions affect all of the owne...
11/12/2012
                                                      #1919 Once the underwriter has been able to verify the amount of a borrower's stable monthly income, the underwriter will then use a process which will employ gross multipliers to determine whether or not the income is adequate enough to repay...
11/12/2012
                                                        #1918 The quality of a loan applicant's income generally depends on whether or not it's taxable income in the decision making process for the underwriter, and not as much the dependability of the income. Is this fact true or false ? Please t...
11/12/2012
                                                        #1917   Stacy is a college student that is buying her first home. She doesn't have enough money for the closing table so her parents have graciously offered to give her 4000 dollars to close with as a gift. In this situation the loan underwr...
11/12/2012
                                                              #1916 When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years. Is this fact true of false ? Take your time. The so...
11/12/2012
                                                            #1915 Frederick and Marlene Silverman have a monthly housing expenditure of 1500 dollars, their monthly credit card payments equal 200 dollars, and they have a car note of 225 dollars. They have a monthly income of 5500 dollars. What is ...
11/12/2012
                                                           #1914 A rule of thumb for a lender when considering a loan application is that the borrower should have been continuously employed on the same job for a  minimum of five years. Is this true or false ? Take your time. The solution is poste...
11/12/2012
Rainmaker
1,570,074

David Saks

May God Bless You, Always. David
*
*
*
*
Spam prevention

Additional Information