David Saks: Dirty Real Estate Agents, Others In Jail & Not for Plagiarism !

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

Dirty Real Estate Agents, Others In Jail & Not for Plagiarism !

 

When you click the little red button below you'll find out that
 the real estate agents that are in jail, and agents being prosecuted, aren't in the hoosegow because they were plagiarizing blog content !
 
They got there because they're nasty swindlers that rip off buyers, sellers, investors, lenders and others !
 
They wreck banks, credit unions, and families lives.
 
Worst of all, some were
ActiveRain members.
 
You'll probably recognize someone if you've been an ActiveRain member or in the real estate business for a while.
 
Click this little red button to begin the sordid journey.

Real Estate Crimes
 
If you suspect that your real estate agent, mortgage broker, appraiser or anyone in the real estate business is committing
real estate fraud
contact the
Federal Bureau of Investigation
 



David Saks



Time&Temp Memphis

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

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May God bless you.

Comment balloon 14 commentsDavid Saks • October 08 2013 03:05PM

Comments

Great info David thanks for sharing.  Added you today after I read Noah's post featuring you.

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) almost 7 years ago

David, those that break the law should not be surpised when they have to pay the price for their actions.

Posted by Kathy Sheehan, Senior Loan Officer (Bay Equity, LLC 770-634-4021) almost 7 years ago

It's always great to hear from you, John. Hope all is well with you.

Posted by David Saks ((retired)) almost 7 years ago

So true, Kathy. I'm very happy to hear from you. Hope you have a fine week ahead.

Posted by David Saks ((retired)) almost 7 years ago

David you provide such interesting information

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) almost 7 years ago

Hello, David - I clicked on the red button and was disappointed to see one AR member there. Thanks for being vigilant.

Posted by Yolanda Hoversten, Broker - O Fallon, IL Real Estate (Berkshire Hathaway HomeServices Elite Properties) almost 7 years ago

Who else in ActiveRain will pass on important information and alerts about the criminals in this business, Hannah ?

I haven't found anyone else that does it regularly out of the hundreds of thousands of members.

The good guys and gals among the flock need to know !

ActiveRain should have a feature forum dedicated to real estate fraud alerts.

There's so much information, including new press releases about real estate fraud every single day, that I can't post it all in a timely fashion working alone.

Half of each day is spent researching real estate fraud and the other half lamenting about it and trying to overcome the slump that it creates in my energy level.

Posted by David Saks ((retired)) almost 7 years ago

Indeed, there are a few, Yolanda. Thank you for reviewing the press releases.

Posted by David Saks ((retired)) almost 7 years ago

David, I have contacted the FBI, to no avail.  I think in CA there was just too much fraud.

Posted by Gary Frimann, CRS, GRI, REALTOR and Broker (Eagle Ridge Realty / Signature Homes & Estates) almost 7 years ago

I forgot to mention that they not only wreck banks, credit unions and families-- they destroy those who remain behind and lower values for everbody else, often making it virtually impossible as of late for people to refinance and get a lower interest rate.  That's where I am today due to all the fraud in my neighborhood.  60 of the 600 homes in my gated, golf course subdivision were obtained by fraudulent loans.  NOD placed on them within 3-6 months, all 100% financing, and those 60 are just the real estate licensees who bought using 100% stated incvome loans.  Only available to O/O loans, and the MLS shows the house vacant, or has tenants.  One lady bought two $1M+ homes within 18 days of each other, using two different lenders.  Insane.

Posted by Gary Frimann, CRS, GRI, REALTOR and Broker (Eagle Ridge Realty / Signature Homes & Estates) almost 7 years ago

Our FBI field office has always been great, Gary. They have an outstanding commitment to protect the community. I'm very proud of what they do to combat fraud in Memphis. Because of racial tension, disability, familial issues, and lending practices fair housing is still, tragically, a terrible problem in the deep South. Racism is a disease.

Posted by David Saks ((retired)) almost 7 years ago

Incredible losses, Gary.

I've seen a great deal of fraudulent misrepresentation in Shelby and Fayette Counties over the many years that I've been licensed.

I've seen unscrupulous investors and dirty slumlords in the past seeking fraudulent means to obtain property for housing or profit.

Section 8 housing recipients committing fraud, crooked county officials who get kickbacks, and slumlords who benefit from the proceeds.

The predatory levels of taxation in this community are a catalyst to fraud.

I've researched so much fraud over the years that the business is scary. Very scary with licensed criminals by the hundreds and property managers with lengthy criminal records.

I've said this many times:

The more difficult it is to obtain financing for a home through new legislation, the more convoluted and sophisticated the crimes will become to defeat the measures that are in place to protect buyers, sellers and lenders.

A new class of the FBI white collar division is needed to combat real estate fraud.

Banks have less money to lend because of less interest in mortgage backed securities.

The public-at-large will never understand the alarming sophistication of the MBS market.

Real estate professionals have a much greater task at hand because of the egregious fraud that occurs every single day.

It's damned heartbreaking.

Posted by David Saks ((retired)) almost 7 years ago

I am again shocked and speachless. These peoples are the one ruin reputation of all professionals.

Posted by Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055, Homes for Sale in Plano, Frisco, Prosper, Allen TX (Texas Five Star Realty, Plano Texas) almost 7 years ago

They certainly are, Bahman. Booya on them.

Posted by David Saks ((retired)) almost 7 years ago

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