David Saks' Blog

Follow me
By
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 

  #2541 When the FHA considers the application of the local loan ceiling for the making an FHA loan, the decision is based on both the costs of mortgage insurance and the debt-to-income ratio of the borrower. Is this fact true or false ? Please remember to take your time. The solution is posted b...
01/26/2014
Crye-Leike Real Estate Pulls Memphis-Area Listings from Zillow, Trulia Citing concerns about the accuracy and freshness of listings and ads for competing agents on Zillow and Trulia, Crye-Leike Real Estate Services says it’s pulling the roughly 3,000 listings the brokerage represents in the Memp...
01/26/2014
International Law Enforcement Efforts Result in Charges Around the World Against Operators and Customers of E-Mail Hacking Websites U.S. Attorney’s Office January 24, 2014 Central District of California (213) 894-2434 LOS ANGELES—As part of an international law enforcement operation involving Ro...
01/24/2014
Missouri Man and Woman Sentenced for Violating Civil Rights of Family in Racially Motivated Arson U.S. Department of Justice January 24, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 Acting Assistant Attorney General Jocelyn Samuels for the Civil Rights Division and U.S. Attorn...
01/24/2014
Rockville Man Sentenced in Mortgage Fraud Scheme U.S. Attorney’s Office January 23, 2014 District of Maryland (410) 209-4800 GREENBELT, MD—U.S. District Judge Peter J. Messitte sentenced Edgar Galdamez, age 37, of Rockville, Maryland, today to 18 months in prison, followed by three years of supe...
01/24/2014
Brockport Financial Adviser Indicted on Mail Fraud and Bankruptcy Fraud Charges U.S. Attorney’s Office January 23, 2014 Western District of New York (716) 843-5700 ROCHESTER, NY—U.S. Attorney William J. Hochul, Jr. announced today that a federal grand jury has returned a two-count indictment cha...
01/23/2014
Lake County Man Indicted in Alleged $3.2 Million Mortgage Fraud Scheme Involving Properties in Chicago’s Englewood Community U.S. Attorney’s Office January 22, 2014 Northern District of Illinois (312) 353-5300 CHICAGO—A Lake County man who operated two real estate–related firms was indicted on f...
01/23/2014
Second Man Pleads Guilty to Fraud Involving Real Estate Loan U.S. Attorney’s Office January 22, 2014 Southern District of Ohio (937) 225-2910 CINCINNATI—Dwayne H. Means, 46, of Cincinnati, pleaded guilty in U.S. District Court to conspiracy to commit bank fraud in connection with a loan to buy a...
01/23/2014
Former Virginia Governor and Former First Lady Indicted on Public Corruption and Related Charges U.S. Attorney’s Office January 21, 2014 Eastern District of Virginia (804) 819-5400 RICHMOND—A federal grand today returned a 14-count indictment against former Virginia Governor Robert F. McDonnell ...
01/22/2014
Davenport Man Sentenced to 12 Months in Prison for Wire Fraud and Money Laundering U.S. Attorney’s Office January 21, 2014 Southern District of Iowa (515) 473-9300 DAVENPORT, IA—On January 17, 2014, Charles Arthur Ruhl, Jr., age 59, of Davenport, Iowa, was sentenced to 12 months and one day of i...
01/22/2014
Rainmaker
1,572,727

David Saks

Broker / Industry Analyst
Contact The Author

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.
Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component.
Please see the Department of Justice Legal Policies at:
http://www.justice.gov/legalpolicies
Please contact David with any questions.

Photos © & Licensed by Nova Development