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

2015 

  Identity Theft Protection Tips You Can Use     Don’t carry your Social Security card or any documents that include your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN). Don’t give a business your SSN or ITIN just because they ask. Give it only when required. Pro...
01/26/2015
  FRAUD FILES     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 onl...
01/26/2015
Loan Broker Sentenced to Five Years in Prison for Defrauding Investors of More Than $17.4 Million Also Obstructed Grand Jury Proceedings U.S. Attorney’s Office January 23, 2015 District of Maryland (410) 209-4800 BALTIMORE, MD—U.S. District Judge J. Frederick Motz sentenced Mervyn A. Phelan, Sr....
01/26/2015
              Do your clients get a free ride and tour of the subdivision in your sedan on Sunday while their children are screaming and rubbing their chocolate-stained hands on the upholstery of the back seat of your car ?     Do you find yourself handing out brochures about lead based paint, bu...
01/26/2015
Realtor Association’s Defamation Suit Against Member Andrea Geller Headed to Trial With a defamation suit filed more than two years ago by the Chicago Association of Realtors and its CEO against a member who questioned the handling of the association’s finances heading to trial in March, colleag...
01/25/2015
    "Wind Beneath My Wings" from Samo Kiterij   Written in 1982 by Jeff Silbar & Larry Henley   Have a Great Day   -David-  
01/25/2015
If you bought a house for the listing price less 20% and sold it for the listing price, what percent of profit would you make ? Take your time. The answer is posted below the wildlife photo. A. 25% Here's an example for you. Let's say we bought the home with a listing price of 500 thousand dolla...
01/25/2015
A piece of land 500 feet by 350 feet had a sidewalk laid around it by the owner. The sidewalk encompassed the entire lot and a curb was placed along the lot lines. The sidewalk cost $32,000 and the curb was $20 per lineal yard. What was the total cost of the sidewalk including the curb ? Please ...
01/25/2015
A builder / developer has 5.25 acres of land. He wants to divide the land into lots 60 feet wide by 100 feet deep. 36,690 square feet of land is required for street construction With all of the above considered, how many lots could be derived from the tract of land ? Take your time. The answer i...
01/25/2015
Arnold got his tax bill today and it was $4903.00. The tax rate is 42 mills per dollar. The property is assessed at 58.25% of it's value. What is the actual value of Arnold's property ? Take your time. The solution is below the wildlife photo.   A. $200,408.75 4903 tax billdivided by0.042 mills=...
01/25/2015
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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.
Nothing will be published that has not been verified via the public record or consent provided.
The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component.
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