David Saks' Blog

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Industry Observer - 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

2013 

Two Alabama Real Estate Investors and Their Company Sentenced for Their Roles in Bid-Rigging and Mail Frauad Conspiracies Involving Real Estate Purchased at Public Foreclosure Auctions U.S. Department of Justice May 20, 2013 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888   WASHINGTON...
05/21/2013
Man Pleads Guilty to Conspiracy Involving Embezzlement from Turnberry Associates U.S. Attorney’s Office May 20, 2013 District of Nevada (703) 388-6336   LAS VEGAS—A man has pleaded guilty to conspiracy to commit fraud for his role in the embezzlement of nearly $5.6 million from Turnberry Associa...
05/21/2013
  Eleven important neighborhoods covered courtesy of MAAR
05/20/2013
  Here's a snapshot of April's numbers for you from MAAR  
05/20/2013
Former Owner of Spring Hill Construction Company Sentenced to 36 Months in Prison U.S. Attorney’s Office May 17, 2013 Middle District of Tennessee (615) 736-5151   Stephen McLaughlin, 46, of Pelham, New Hampshire, former owner of EquipLinq, Co., a Spring Hill construction equipment company, was ...
05/20/2013
Orlando Woman Pleads Guilty to Making False Statements in Connection with a Residential Loan and Mortgage U.S. Attorney’s Office May 17, 2013 Northern District of Florida (850) 942-8430   PENSACOLA, FL—Chantal M. Lanton, 37, of Orlando, Florida, pled guilty today to two counts of making false st...
05/20/2013
                                                             #2190 If the seller agrees to include the dishwasher in the sale of the home for 250 dollars the seller should include this item in the HUD-1 report. Is this true or false ? Please take your time solution is posted below the wildlife ph...
05/19/2013
                                                        #2189 When a residential appraiser starts looking for comparables and a sales comparison approach is used he's interested in homes that have been occupied for at least two out of the last three years. Is this fact true or false ? Please reme...
05/19/2013
                                                         #2188 A contract to build a new home is signed with a builder to build a luxury home costing 675 thousand dollars in a neighborhood of homes valued 150 thousand dollars and less. The new home will lose value. This loss of value is known as ...
05/19/2013
                                                            #2187 When we speak of an appraiser collecting data which is accumulated in a general manner the appraiser has conducted an analysis of the building as well as analyzed the site. Is this true or false ? Take your time. the solution is po...
05/19/2013
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David Saks

Broker / Industry Analyst
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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
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