David Saks' Blog

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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 

HUD NEWS U.S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 13-055                                                                                  FOR RELEASE Shantae Goodloe                                          ...
04/30/2013
HUD NEWS U.S. Department of Housing and Urban Development – Shaun Donovan, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 13-057                                                                                             FOR RELEASE Brian Sullivan                                ...
04/30/2013
Update: FBI’s Ongoing Investigation into Letters Containing Ricin FBI Jackson April 30, 2013 Public Affairs Specialist Deborah Madden (601) 948-5000   During the FBI’s ongoing investigation into letters containing ricin addressed to President Barack Obama, Senator Roger Wicker, and a Mississippi...
04/30/2013
Dallas Residents Affiliated with Bridgemark Investment Group Plead Guilty Fraud Resulted in More Than $10 Million in Fraudulently Obtained Loan Proceeds U.S. Attorney’s Office April 30, 2013 Northern District of Texas (214) 659-8600   DALLAS—On the day before their trial was to begin in federal ...
04/30/2013
Two Former Special Agents with Department of Commerce-Office of Inspector General Plead Guilty to Submitting False Claims for Relocation Expenses and to Time and Attendance Fraud U.S. Attorney’s Office April 30, 2013 District of Maryland (410) 209-4800   GREENBELT, MD—Two former special agents w...
04/30/2013
    I posted this a long time ago. Warm weather's here. Time for a reminder. ========================= I just got home.   I was only gone for a few minutes.    I thought that I had a crisis looming overhead and that my heating / air conditioning unit had a serious problem.   It's getting cold (ho...
04/29/2013
Myrtle Beach Man Sentenced for Mortgage Fraud, Bank Fraud U.S. Attorney’s Office April 26, 2013 District of South Carolina (803) 929-3000   COLUMBIA, SC—United States Attorney Bill Nettles stated today that United States District Judge R. Bryan Harwell of Florence sentenced Joseph Robert Guernse...
04/29/2013
Vincent J. Garcia Sentenced to 27 Months in Federal Prison on Bank Fraud Conviction Albuquerque Real Estate Developer also Ordered to Pay $722,543.76 in Restitution U.S. Attorney’s Office April 26, 2013 District of New Mexico (505) 346-7274   ALBUQUERQUE—Albuquerque real estate developer Vincent...
04/29/2013
                                                     #2160 When funds are sought for single family mortgage loans those funds are usually provided by secured collateral in the form of treasury notes or existing equity in residential  or commercial property. Is this true or false ? Take your time....
04/28/2013
                                                           #2159 If the Federal Reserve Board buys government securities from investment securities groups on the open market the supply of available money will decrease. Is this fact true or false ? Take your time. The solution is posted below the ...
04/28/2013
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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.
Nothing will be published that has not been verified via the public record or consent provided.
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