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

2013 

                                                        #1997 When we talk about the intitial basis we're referring to the basic reason why a buyer wanted to buy a home in the first place. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. Fals...
01/07/2013
                                                          #1996 An adjusted basis would be a property owner's basis in the property which includes expenses for improvements minus any deductions for depreciation. Is this fact true or false ? Please take your time. The solution is posted below the ...
01/07/2013
                                                         #1995 The basis is the carbon copy of a mortgage document. Is this fact true or false ? Please remember to take your time. The solution is posted below the wildlife photo. theory A. False The basis is a figure which is used to calculate gai...
01/07/2013
                                                    #1994 A balloon mortgage is a contract for the purchase of a home which is delivered to the buyer by the lender by a lighter than air method of transportation known as a balloon. Is this fact true or false ? Please take your time. The solution i...
01/07/2013
                                                        #1993 When we talk about the bad debt/vacancy factor were referring to an income approach to an appraisal whereby a percentage will be deducted from a property's expected gross income and an estimate of the income that is most likely to be s...
01/07/2013
                                                  #1992 An audit in real estate means the ability to hear, in audible terms, the price of the property in a normal speaking voice. Is this fact true or false ? Please take your time as I know this question is a difficult one. Of course, if you just ...
01/07/2013
                                                          #1991 A listing agreement stated that it will expire on June 18th, 2009. If the owner dies on June 15th the owner's death will effectively terminate the listing agreement. Is this true or false ? Take your time. The solution is posted belo...
01/06/2013
U.S. Dept. of Housing and Urban Development                            U.S. Census Bureau Brian Sullivan                                                                                     Robert Bernstein                                 Office of Public Affairs                                   ...
01/05/2013
Munoz Sentenced to 41 Months in Federal Prison After Pleading Guilty to Wire Fraud, Money Laundering in Connection with Property Fraud Scheme Near Park City U.S. Attorney’s Office January 03, 2013 District of Utah (801) 524-5682   SALT LAKE CITY—Mauricio R. Munoz, age 49, of Sandy, who pleaded g...
01/04/2013
Leader of Multi-Million-Dollar Real Estate Fraud Scheme Pleads Guilty to Fraud and Money Laundering Defrauded Investors in Multiple States and Abroad; Defendant Faces Up to 25 Years in Prison U.S. Attorney’s Office January 03, 2013 District of New Jersey (973) 645-2888   TRENTON—An Ocean County,...
01/04/2013
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David Saks

May God Bless You, Always. David
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