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

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. Thank you, Rachel, for all you do to protect the industry. Rachel Dollar is a California a...
09/30/2014
  Most of My Blog Posts Are About Real Estate Fraud, And  the Swindlers Who Commit It. =============== ActiveRain Doesn't Want It On the Front page. ============= Neither Do I. ========= And Neither Do You. =============== Posts Like These Aren't the Usual Cheerleaders-for-Business. ========== Th...
09/30/2014
Former Klansman Pleads Guilty to Federal Hate Crime for Cross Burning U.S. Department of Justice September 30, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON— Timothy Flanagan, 33, pleaded guilty today in federal court in Nashville, Tennessee, for his role in the Apri...
09/30/2014
Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; 30 States Affected WASHINGTON — Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace...
09/30/2014
Crisp and Cole Co-Defendant Julie Farmer Sentenced to Three Years in Prison U.S. Attorney’s Office September 29, 2014 Eastern District of California (916) 554-2700 FRESNO, CA—United States District Judge Lawrence J. O’Neill sentenced Julie Dianne Farmer, 46, of Bakersfield, today to three years ...
09/30/2014
Internal Revenue Service Telephone Scam FBI San Diego September 29, 2014 Darrell Foxworth (858) 320-8302 The FBI’s Internet Crime Complaint Center (IC3) has received reports related to a telephone scam in which the caller purports to be an Internal Revenue Service (IRS) representative. Using int...
09/30/2014
  I sat down to practice for a couple of minutes at the Steinway in the concert hall at the university.   Have a great week ahead. -DS-  
09/29/2014
Beverly Lyn Carter This alarming tragedy has just come to my attention. More at this link: http://www.thv11.com/story/news/local/little-rock/2014/09/26/beverly-carter-missing/16257155/    
09/29/2014
Lenders are beginning to push the real strict risk thresholds here. This risk comes with a Higher Interest Rate, Loan-to-value is ususally at 80% to 85% of the appraisal, LTV might be as low as 75. And things are getting tougher by the minute.     "B" CREDIT Must Haves • Fair credit last 12 mont...
09/29/2014
Things get a bit stricter here, but it's safe to say that your still in good territory if you meet the following criteris. I spoke with one of the local lenders and he told me that these are a few of the things that they look for generally if your considered an A minus type borrower. • I've hear...
09/29/2014
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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.
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