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

2014 

      Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Rachel Dollar is a California attorney who represents lenders in mortgage related litiga...
12/02/2014
Torrington Resident Sentenced to Federal Prison for Role in Real Estate Fraud Schemes, Obstructing Justice U.S. Attorney’s Office December 01, 2014 District of Connecticut (203) 821-3700 Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that   THOMAS PROVENZANO, ...
12/02/2014
Solon Man Sentenced to Nearly 11 Years in Prison for Defrauding Credit Union U.S. Attorney’s Office December 01, 2014 Northern District of Ohio (216) 622-3600 The former chief executive officer of Taupa Lithuanian Credit Union was sentenced to nearly 11 years in prison for leading a conspiracy t...
12/02/2014
Harrison County Prosecutor-Elect Pleads Guilty to Stealing $540,000 from Elderly Client U.S. Attorney’s Office November 26, 2014 Western District of Missouri (816) 426-3122 KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, and Chris Koster, Missouri At...
12/02/2014
$25,000 is 5% of what amount ? Put that grade school math to work here ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. It helps to keep your math skills shar...
11/30/2014
What is the annual interest rate on a 12,000 loan when the interest payments are 960 dollars semi-annually on the full amount of the loan ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you ...
11/30/2014
A house is worth 160 thousand and the furniture and appliances are worth 56 thousand. The owner has an opportunity to insure everything at 72% of the total value. The annual rate on the dwelling is 3.10 per 1000 and 3.65 on the personal property. If the premium for a 3 year policy is 2.5 times t...
11/30/2014
Mr. Brady spends 1250 dollars a month on the rent for the home he lives in. He could purchase the property for 98,000. The fire insurance is $225.00 annually. Taxes are $1464.00 a year. The upkeep of the home is 1.5 % of the cost of the property, and the annual depeciation is 2% of the property ...
11/30/2014
How many cubic yards of gravel would be needed to fill a trench 36 feet long, 9 feet wide and 18 inches deep ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. ...
11/30/2014
Marty Walker and Bob Gertz traded their properties. Walker's property was worth $142,250 and the market on Gertz's place was $173,500. The difference in the repective equities in the two properties was $20,150.70 The amount of equity that Walker had in his place was $49,012.50. Walker's equity i...
11/30/2014
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David Saks

May God Bless You, Always. David
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