David Saks: Why Are Scores of Real Estate Professionals In Prison Or On the Way There ?

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Why Are Scores of Real Estate Professionals In Prison Or On the Way There ?



Click the link below this line to discover the answer.


David Saks

Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.


Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.





"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


  Real Estate Crimes


Click "HERE" For Today's Question



TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis



America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 16 commentsDavid Saks • December 16 2011 11:04PM


David, I have caught a few of your posts before in this series, but I am now subscribing because you have exposed so many frauds.  Congratulations on your research, it is extensive.

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) about 8 years ago

Thank you, Don.

Posted by David Saks ((retired)) about 8 years ago

Oh my!  This is certainly an eye-opener!  Thanks for the comprehensive list David.  I am definitely going to spend some time reading this.  

Posted by Lisa Dunham, Associate Broker, Alexandria Virginia Real Estate about 8 years ago

It'll take you a lifetime, Lisa.

Posted by David Saks ((retired)) about 8 years ago

David, honest real estate professionals have much to overcome--these bb's are the bad apples.

Posted by Pamela Seley, Residential Real Estate Agent serving SW RivCo CA (West Coast Realty Division) about 8 years ago

Great information, and we do appreciate your efforts in digging up all of this, David.  It is great to see how some of the stories we have heard about a few years ago, has now a final story with the conviction and punishment of those in our neighborhoods!

Posted by Dan Hopper, Denver Realtor / Author / Advocate/Short Sale (Keller Williams Realty Downtown LLC) about 8 years ago

I'm always upset about it on one hand, Pamela, and on the other proud that the FBI and DOJ are working overtime. It's tough for the righteous within our profession because of the criminals that lurk within our ranks. With pay option arms resetting and a new wave of foreclosures, 2012 will be a challenging year. Criminals are always looking for new ways to exploit distressed homeowners.

Posted by David Saks ((retired)) about 8 years ago


I too thank you for your efforts and have subscribed to your blog, cheers cvc

Posted by Curtis Van Carter, Your Napa Valley Broker Extraordinaire (Better Homes & Gardens Wine Country Group) about 8 years ago

Thank you, Dan. Lot's of work ahead for all of us to make it right. The DOJ can't do it alone. We have a responsibility to the business as a whole which goes far beyond the Realtor® brand. Many nights I can't sleep wondering if it ever will be right for good agents who've dedicated their lives to making integrity minded decisions for their brokerages, colleagues and clients. It's extremely painful reviewing the dozens of indictments, sentences, charges, lists of victims, losses to lenders and so very much more distressing information involving real estate fraud every single day. Closing attorneys, real estate agents, appraisers, straw buyers, lenders, and others involved in fraudulent real estate transactions all in prison. The crime base is growing and pandemic. It has to be stopped. Our nation seems nearly helpless and at the mercy of the most catastrophic wave of real estate, banking and financial fraud ever known to mankind.

Posted by David Saks ((retired)) about 8 years ago

Curits, I'm honored to know you, and thank you for subscribing. As a physicist, as indicated in your fine profile, you understand the perils of working with accelerators. A beloved childhood friend, also a physicist, was killed by radiation exposure working on the SLAC accelerator in Menlo Park several years ago. The tree in the photo below was planted in his memory at SLAC and a tribute to him at this link:

Hugh Steckol

Hugh Steckol

My sincerest hopes for a happy holiday season and good year for you, Curtis.

Posted by David Saks ((retired)) about 8 years ago

David -- Thank you again for keeping this information flowing.

May you and yours enjoy this holiday season.

Posted by Steven Cook (No Longer Processing Mortgages.) about 8 years ago

Wow. That list kind of made me sad. I cannot imagine why someone would want to risk everything on any of that. Honesty is really the best policy.

Posted by Lindsey Hasford, Bringing you home... (Edina Realty) about 8 years ago

David, it never ceases to amaze me that people seem to think that rules were made to be broken and that so many don't 'do unto others as you would have them do unto you'

Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) about 8 years ago

Thank you, Steve. Many thanks for sharing your kind thoughts, and very happy holidays.

Posted by David Saks ((retired)) about 8 years ago

Getting worse, Lindsey. It's a silent disaster. Thanks for your note.

Posted by David Saks ((retired)) about 8 years ago

The people who believe that the rules were made to be broken , Vicki, are the same people dining on peanut butter and jelly sandwiches behind barbed wire fences and guard towers. Glad to hear from you.

Posted by David Saks ((retired)) about 8 years ago

This blog does not allow anonymous comments