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 

New Jersey Company Pleads Guilty to Role in Bid Rigging Scheme at Municipal Tax Lien Auctions Investigation Has Yielded 11 Guilty Pleas U.S. Department of Justice December 19, 2012 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—A New Jersey company in the business of rec...
12/19/2012
Former Head of City Agency Sentenced for Stealing Federal Funds U.S. Attorney’s Office December 18, 2012 Western District of New York (716) 843-5700   BUFFALO, NY—U.S. Attorney William J. Hochul, Jr. announced today that Timothy Wanamaker, 47, former head of a city agency responsible for oversee...
12/19/2012
Three Men Involved in Central Coast Mortgage Fraud Scheme Sentenced to Prison and Ordered to Pay $2.4 Million in Restitution U.S. Attorney’s Office December 17, 2012 Central District of California (213) 894-2434   LOS ANGELES—Three men who participated in a complex mortgage fraud scheme operated...
12/18/2012
 I posted this a lond time ago. You can make some new year resolutions with it.  ===========================================   The Ten Commandments of Federas Capitas Realisma 1. Thou shalt not lie to the bank. Not a good thing to do in a nation undergoing dramatic new legislation to protect bank...
12/17/2012
                                                       #1970 This phrase, "If you have great credit you could get great loan terms", would red flag the requirement under the Truth In Lending Act or TILA. True or False ? Take your time. The solution is posted below the wildlife photo. A. False Thi...
12/17/2012
                                                          #1969 A federal law that prohibits lenders from making high cost predatory home equity loans is known as Equal Credit Opportunity Act or the ECOA. Is this fact true or false ? Please take your time. The solution is below the wildlife photo...
12/17/2012
                                                       #1968 Loan flipping is prohibited under the Real Estate Settlement Procedures Act. Is this fact true or false ? Please take your time the solution is posted below the wildlife photo. A. False The Real Estate Settlement Procedures Act or RESPA...
12/17/2012
                                                             #1967 When we talk about an impound waiver we're discussing a practice that involves charging points or processing fees that are out of the ordinary. Is this fact true or false ? Please take your time. The solution is posted below the w...
12/17/2012
                                                      #1966 Steering involves charging a borrower processing fees or points to close that are higher than usual because the lender is steering the borrower away from a conventional loan. Is this fact true or false ? Please take your time. The soluti...
12/17/2012
                                                         #1965 A loan secured by a fleet of tractors to purchase additional farm equipment would be covered under the Truth In Lending Act. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False...
12/17/2012
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David Saks

May God Bless You, Always. David
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