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 litigation...
12/23/2014
Canadian Man Sentenced to Seven Years in Prison for Swindling Elderly Victims in $8 Million Telemarketing Scam from the Philippines U.S. Attorney’s Office December 22, 2014 Northern District of Illinois (312) 353-5300 CHICAGO—A Canadian man who cooperated with U.S. law enforcement and voluntaril...
12/22/2014
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  Merry Christmas ! Happy New Year ! Save a home for a family today. -David- (ps...I'm not a singer, just a piano player, but I try) For Joe Cocker(20 May 1944 – 22 December 2014)
12/22/2014
A lot 70 feet wide by 150 feet long sold for 40 thousand dollars. How much did the lot sell for by the square foot ? Remember, the answer is below the wildlife photo. Try not to peek if your stuck. Give it a minute. Have fun ! Take you time. The answers are below the wildlife photo. A. $3.809524...
12/21/2014
                          The owner of an investment property has seen a return on net income of $30,000 a year over the last five years. He's also charged off depreciation during the last five years. Let's agree that 5% is a fair return on profit for this particular property. What would be a rea...
12/21/2014
Aloan was assumed for fifty thousand dollars with a down payment of 15%. The loan balance is payable at the rate of $7.50 per thousand per month which also includes an annual interest payment at 5.5%. What are the monthly payments ? The answers along with the solutions are posted below the wildl...
12/21/2014
Diane Duncan, a saleswoman, is working on a 50/50 split commisssion basis with your brokerage. She sells a property for 15% less than the listing price of $1,700,000. The commission schedule with your brokerage calls for 6% on the full selling price of the listing. Diane has to pay another sales...
12/21/2014
Sharon only had $6,500 in cash. The house lot cost $65 per front foot of fifty feet and the house cost was $108,280. She was approved for a mortgage for the balance. If her interest was 5% annual interest, payable semi-annually, what was the amount of the first semi-annual interest payment ? The...
12/21/2014
The assessed valuation of a fifty foot lot was $105 dollars per front foot. The house was assessed at $65,000. The tax rate is 48 mills. What are the yearly taxes ? The answers and corresponding solutions are posted below the wildlife photo. Please take your time.   A. $3372 First, let's find ou...
12/21/2014
Here's a land problem for you. How many acres are there in the W 1/2 of the SW 1/4 of the SW 1/4 of a section ? The answers are posted along with the solutions below the wildlife photos. Please take your time. A. 20 Acres We know that a section contains 640 acres. Therefore 1/4 of the section eq...
12/21/2014
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David Saks

May God Bless You, Always. David
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