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Memphis, TN Real Estate News

By David Saks, Broker / Industry Analyst
Here's a Song That'll Make Your Autumn Breeze Feel a Little Warmer Michael Buble' "Home" Have a Great Day. -David-  
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  Federal Jury Convicts Real Estate Agent and Loan Processor on Racketeering Charges Defendants Were Among 91 Defendants Charged in Operation Wax House U.S. Attorney’s Office October 23, 2013 Western District of North Carolina (704) 344-6222 CHARLOTTE, NC—Following a week-and-a-half-long trial, a federal jury today convicted a real estate agent and a loan processor on all charges relating to a $75 million racketeering conspiracy, announced the U.S. Attorney’s Office for the Western District of North Carolina. Today’s convictions are the latest in Operation Wax House, an investigation that began in 2007 and has netted 91 defendants to date, 80 of whom have pleaded guilty or have been convicted following a trial. Nathan Shane Wolf, 42, of Charlotte, a licensed real estate agent in North ...
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By David Saks, Broker / Industry Analyst
    1. Don't trust any real estate agent that would steer you into using any particular vendor, home inspector, lender, etc. 2. Don't assume that you can't qualify for a loan if you refuse to use any real estate agent's vendor, home inspector, lender or other service provider. 3. Don't let any real estate agent persuade you to make false statements on any required forms such as a disclosure statement or any other form. 4. Don't let any real estate agent persuade you to borrow more money that will exceed your debt to income ratio limits or ability to repay any loan. 5. Don't let any real estate agent trick you into believing that you've obligated yourself to any real estate transaction before you've actually done so, such as signing a disclosure form which doesn't require you to commit ...
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By David Saks, Broker / Industry Analyst
You just can't beat ActiveRain ! Whether your a new or seasoned real estate professional, buyer, seller, investor, educator, banker, market pro, or just surfed in looking for some important resources to help you make an informed decision, it just makes good sense to become an ActiveRain member ! You'll make great, new friends from around the nation and enhance your skills ! Join Us !  It's Free ! You'll be very glad that you've made the decision to join ActiveRain ! Click the rising sun below to begin a great journey !
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By David Saks, Broker / Industry Analyst
It's a place where this great life, amidst the homes that make it so, is overseen by a worthy steward who calls himself Sam Miller.     Sam is the top selling agent in Knox County / Mount Vernon, Ohio, and he has been for the past 20 years.   That fact alone speaks volumes about his integrity, his committment, his professionalism and his loyalty.   Sam is a Real Estate Internet Professional (e-PRO) and Certified Residential Specialist (CRS), and a Graduate of REALTOR Institute.   Sam purchased his first home when he was 18 years of age.   He's dedicated to his profession..   20 years is a big piece of one's life.     There's nothing profound about Sam's listings to perplex the buyer.   There's nothing unclear or incomprehensible.   Nothing to hide.   Nothing to conceal.   Nothing to obs...
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By David Saks, Broker / Industry Analyst
The great 20th century philosopher and mathematician Bertrand Russell once said, “There are two motives for reading a book; one, that you enjoy it; the other, that you can boast about it.”   In a way, the same thing can be said of the great Gabe Sanders. I enjoy reading the things Gabe has to say, and I can boast that such a fine man is a part of the ActiveRain family of members.   I've always felt like I've had a bit of a connection to Gabe.   Gabe was a military pilot.   I was an airframe and powerplant mechanic when I was a kid in my twenties.   Gabe flew big transport planes for the Air Force during the war in Indo China, and later, jumbo jets.   I was a lieutenant in ROTC and the Civil Air Patrol and flew sorties looking for lost, small general aviation aircraft.   Gabe's family es...
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  Stardate Nov.9, 2012 Hilton Memphis Star Trek's Klingon Warrior Frank Chin & Me At the Piano singing "Let It Snow" by Sammy Cahn & Jules Styne. Filmed in Hi8mm note: the camera man recorded the date as 2013 instead of 2012 kplah ! Have a Good Laugh ! :-) -David-  
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Four Additional People Indicted in Federal Court for Participating in Nationwide Timeshare Telemarketing Fraud Scheme U.S. Attorney’s Office October 18, 2013 Eastern District of Wisconsin (414) 297-1700 United States Attorney James L. Santelle of the Eastern District of Wisconsin announced that a federal grand jury recently returned indictments against Tina M. Baalman (age 28), Jason D. Schultz (age 36), and Jessica M. Gilbert (age 24) of Green Bay, Wisconsin, as well as Jessica Weinhart (née Hensen; age 30) of Neenah, Wisconsin. Each defendant is charged with one count of conspiracy to commit mail and wire fraud. Each is also subject to enhanced penalties under the Senior Citizens Against Marketing Scams, or SCAMS, Act. In total, eight individuals have now been indicted for their role...
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Georgia Resident Indicted on Cross-Burning Charges U.S. Attorney’s Office October 18, 2013 Southern District of Georgia (912) 652-4422 SAVANNAH, GA—Gene Hoyt Vandiver, 34, of Richmond Hill, Georgia, was indicted earlier this month by a federal grand jury sitting in Savannah on charges related to the burning of a cross in his neighbor’s yard. Vandiver was charged with one count of interfering with housing rights and with one count of arson. Vandiver had his initial appearance in federal court before United States Magistrate Judge G.R. Smith on October 10, 2013. According to information presented in court, Vandiver, who is white, allegedly burned a cross in the yard of his neighbor, whom Vandiver believed to be African-American. Vandiver also left a sign in his neighbor’s yard with a rac...
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MEMPHIS, Tenn.- The Shelby County Sheriff's office is investigating the death of a woman found dead in a PUD-attached home at 7700 Shadowland Drive. Sheriff's Deputies say that around 3 pm Sunday a woman was found dead in the home. The woman, according to deputies is Hispanic and in her 40's. She was found by officials from the mortgage company who had come to the home to change the locks. Deputies are waiting for an autopsy to determine the cause of death.  A preliminary investigation indicates that the body had been in the house for lengthy period of time.  
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By David Saks, Broker / Industry Analyst
Every Day You Wake Remember Those Who Died In the Terrorist Attack On 9/11   Not Just Once a Year... But Every Single Day, Minute And Hour of Your Life   Find the Time to Thank Our Fire Department and Police For What They Do To Protect America   And Give Thanks to God For This Great Nation We Live In.   -David- ps...we rebuilt the World Trade Center...with the memories of our loved ones....and heroes...
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By David Saks, Broker / Industry Analyst
    #2410 Particular conditions may arise that require an environmental impact statement to be prepared because of the events demanding it. This requirement is known as CERCLA, the Comprehensive Environmental Response, Compensation and Liability Act. Is this true or false ? Take your time. The solution is posted below the wildlife photo.   A. False The requirement to prepare an environmental impact statement is regulated by NEPA, the National Environmental Protection Act and requires the preparation of an environmental impact statement whenever an action is taken by the federal government, and that action will be considered to have an important consequence or change on the environment.
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By David Saks, Broker / Industry Analyst
#2409 Zoning ordinances may be designed to control the types of religious preferences that are acceptable within the area in consideration. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Zoning ordinances are government regulation of the uses of property within certain areas as defined by the ordinance and are regulations that may deal with the use of the property, the way a building is constructed, and the height of the structure.
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By David Saks, Broker / Industry Analyst
#2407 When we speak about the police power of a local government we're usually referring to the government's power to create special taxes which will tax all property owners for the purposes of providing a secure police force and the addition of police protection. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False Police power of the government allows the government to pass zoning laws and laws which are designed to protect the safety and well-being of it's citizens.
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By David Saks, Broker / Industry Analyst
#2406 When areas of a property are demarcated because their use is deemed unfit with the local ordinances this is know as creating a setback. Is this true or false ? Take your time. The solution is posted below the wildlife phpto. A. False When the property area is separated because it's usage is deemed unfit with zoning this process of separation is know as spearation by a "buffer zone".
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By David Saks, Broker / Industry Analyst
#2405 A judgement lien will always take a priority over a property tax lien regardless of how much time has passed since the judgement lien was recorded. Is this true or false ? Take your time. The solution  is posted below the wildlife photo. A. False Property tax liens will always retain the first order of priority over all other liens. Property tax liens are specific liens (they attach to specific property) and they're involuntary (the lien is issued by the law and without the consent of the property owner).
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By David Saks, Broker / Industry Analyst
#2404 A type of document, which is recorded, which informs persons interested in buying a property that the property could possibly become liable to a judgement issued against it in a lawsuit is known as a writ of attachment through satisfaction of habendum clause. Is this true or false ? Take your time. The solution is posted below the wildlife photo. A. False The type of document we're referring to is know as lis pendens. Lis pendens is latin for "in pending" which is constructive notice given to an interested party that the property may be affected by the outcome of a pending lawsuit. Habendum Clause is latin for "to have and to hold" which may be included after the granting clause in a deed and will describe the real estate variety.
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By David Saks, Broker / Industry Analyst
#2403 A judge ruled in a pending lawsuit that a lien is to be placed on the defendant's home which will place a hold on the property as security if a judgement is ruled against the homeowner. The court's action is commonly referred to as a prescription for adverse judgement. Is this true or false ? Remember to take your time. The solution is posted below the royalty free wildlife photo. A. False The court's ruling is known as an attachment. An attachment is a lien imposed on the property which will remain in effect while the final result of the lawsuit is being awaited.
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