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 

                                                      #1953 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...
12/09/2012
                                                           #1952 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 wildlife ph...
12/09/2012
                                                            #1951 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...
12/09/2012
San Francisco Man Sentenced to 12 Years in Federal Prison for Orchestrating Mortgage Fraud Scheme U.S. Attorney’s Office December 06, 2012 Northern District of California (415) 436-7200   SAN FRANCISCO—Sergio Gutierrez was sentenced Tuesday to 12 years in federal prison after a jury convicted hi...
12/07/2012
Florida CPA Sentenced for Role in Foreclosure Scheme Scheme Resulted in Many Victims Losing Their Homes U.S. Department of Justice December 07, 2012 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON—Barrington Coombs, 58, of Weston, Florida, was sentenced today to serve a y...
12/07/2012
Three Co-Conspirators Who Participated in Massive Mortgage Fraud Sentenced to Prison Defendants Worked with Shawn Portmann in Scheme That Crippled Pierce Commercial Bank U.S. Attorney’s Office December 05, 2012 Western District of Washington (206) 553-7970   Three former employees of now defunct...
12/06/2012
This is not real estate crime. I want you to see it, know that it happens in fair housing, and that it's a dirty crime. -David Saks- ========================================================================== Two Mississippi Men Plead Guilty to Committing Hate Crimes Against African-Americans U.S...
12/05/2012
Spokane Man Sentenced in Idaho Federal Court for Wire Fraud Defendant Ordered to Pay Restitution of $366,290.45 U.S. Attorney’s Office December 04, 2012 District of Idaho (208) 334-1211   COEUR D’ALENE—United States Attorney Wendy Olson announced today that Samuel Thomas Geren Jones, 32, of Spok...
12/05/2012
North County Loan Officer Sentenced for Mortgage Fraud Conspiracy That Netted $1 Million in Bogus Fees U.S. Attorney’s Office December 03, 2012 Southern District of California (619) 557-5610   United States Attorney Laura E. Duffy announced that Simon Saeid Koli was sentenced today in federal co...
12/04/2012
Detroit Resident Sentenced to Prison for Role in Mortgage Fraud Scheme U.S. Attorney’s Office November 30, 2012 Eastern District of Michigan (313) 226-9100   Jonas Rogers, 54, of Detroit, Michigan, was sentenced yesterday to 78 months in prison for his role in a mortgage fraud and identity theft...
12/03/2012
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David Saks

May God Bless You, Always. David
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