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 !



Sarah Walker was beautiful. She was the mother of two children. She sold homes for a living. Everyone loved her.  She was at work in her office in a model home in a beautiful new subdivision in McKinney, Texas at 5700 Conch Train.A couple visiting the model home came by at 1:23 p.m. on July 8, 20...
Two Mississippi Women Sentenced for Their Roles in a Conspiracy to Commit Racially Motivated Assaults, Culminating in the Killing of an African-American Man Run Over by a Truck U.S. Department of Justice April 09, 2015 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON—The Jus...
Cleveland Man Indicted on Fraud Charges Related to $1.2 Million Purchase of Richfield Home U.S. Attorney’s Office April 08, 2015 Northern District of Ohio (216) 622-3600 A Cleveland man was indicted on bank fraud charges related to the fraudulent purchase of a Richfield home for nearly $1.2 mill...
Six Individuals Indicted in Mortgage Fraud Scheme U.S. Attorney’s Office April 08, 2015 Southern District of Florida (313) 226-9100 Six individuals, from Miami and Brazil, were indicted for participating in a mortgage fraud conspiracy. Wifredo A. Ferrer, U.S. Attorney for the Southern District o...
Wentzville Man Sentenced on Fraud Conspiracy Charges U.S. Attorney’s Office April 06, 2015 Eastern District of Missouri ST. LOUIS, MO— JOHN YORK was sentenced to 21 months in federal prison on charges of conspiracy to defraud the United States through his business, The Mortgage Store, Inc., in 2...
   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....
When a real estate agent considers himself an employee or an independent contractor the consideration will have an impact on whether or not the broker will have to pay social security or income taxes. Take your time. The solution is posted below the wildlife photo. Is this true or false ? A. True...
It is extremely importaqnt that all real estate agents understand the concepts of contract law, agency, and property laws. Is this true or false or is this something which only concerns a member of the legal profession ? Take your time. The solution is npoted below the wildlife photo. A. True All...
What is traditionally considered to be the last step in a real estate transaction ? Take your time. The solution is posted below the wildlife photo.   A. The closing Closing is generally considered to be the last thing that takes place in any real estate transaction. All monies are excvhanged, ti...
When a salesperson is acting as an employee and is not acting as an independent contractor that salesperson has the right to advertise property under their own name. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False If the salseperson is an employee...

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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