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 

U.S. Attorney Caps Multi-Million-Dollar Mortgage Fraud Investigation with Almost Five-Year Prison Sentence for Utah Ringleader 166 Months of Total Imprisonment Handed Down for Illegal Property Flipping Scheme in Putnam County U.S. Attorney’s Office November 05, 2012 Southern District of West Vir...
11/06/2012
  Ellicott City Title Agent Sentenced to Two Years in Prison for Stealing Over $684,283 from Mortgage Escrows U.S. Attorney’s Office November 02, 2012 District of Maryland (410) 209-4800   BALTIMORE—U.S. District Judge Ellen L. Hollander sentenced Sandy P. Kim, age 43, of Ellicott City, Maryland,...
11/05/2012
  Two Florida Residents Sentenced for Roles in Foreclosure Rescue Scheme As Part of Scheme, Lied to Homeowners Facing Foreclosure That They Could Stay in Their Homes U.S. Department of Justice November 02, 2012 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—Lisa Wright, 4...
11/05/2012
                                                           #1910 Credit report fees, loan origination fees and appraisal fees are all costs that show up in the loan's APR. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False Points paid by the loa...
11/05/2012
                                                 #1909 When a portion of a borrower's monthly mortgage payment is held to be applied later towards property taxes and insurance the money will be held by a trustee. Is this true or false ? Take your time. The solution is posted below the wildlife ph...
11/05/2012
                                                        #1908 If the lender agrees to guarantee a specific interest rate for a specific period of time this is known as discounting the float. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. False I...
11/05/2012
                                                    #1907 Fees that normally pay the overhead costs of a lender are the loan discount fees associated with the loan. Is this fact true or false ? Take your time. The soultion is posted below the wildlife photo.   A. False Fees than pay the lender's ...
11/05/2012
                                                            #1906 What factor is most likely to influence the demand for real estate ? A. Employment opportunities and the wage levels offered. If wages are low and the opportunity for employment is scarce, the demand for real estate becomes low. If...
11/05/2012
                                                                #1905 When a lender takes a loan application the most important thing the lender is concerned with is the applicants employment history for the last 15 years. The applicants current housing expenses are of little interest. Is this tr...
11/05/2012
                                                         #1904 One of the best ways available to compare loan costs is to use a formula that examines the lender's yield. Is this fact true or false ? Take your time. The solution is posted below the wildlife photo. A. False The best way to compare ...
11/05/2012
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David Saks

May God Bless You, Always. David
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