Initially, every law or regulation on the books is initially considered in enforcing and prosecuting any violator, from murder to J-walking.

There are several successful prosecutions nationwide on people doing this exact same thing.

Call me cynical, but I see them prosecuting a bunch of financial lightweights & ignoring the big fish who really did the damage.That said, I was happy to see a $500k IRS Lein filed against the original purchaser of my house - at least he's out of commission for a few years!

So in other words good luck getting the guy prosecuted.

I'd be surprised if the electric company doesn't prosecute for utility theft.

The second person's charges appear to be dismissed in leiu of other prosecution.

They say McLeod forged signatures, lied on loan applications and altered appraisal reports.Prosecutors said they believe McLeod is the first to be prosecuted for "prohibited activities" by a foreclosure consultant.

Here is a link to where a couple was prosecuted for putting properties in land trusts and selling them without being licenced in the State of Ohio.http://www.com.state.oh.us/real/documents/2007Summer.pdf

If violating the dosc was illegal lenders would have a clause stating they will prosecute any offenders.

That will not be prosecuted as a crime and your insurance will not cover it.