False statements on a loan app is a federal offense, so they could probably send a lot of people to jail if they take all those cases to court.

Also, he had just admitted to multiple counts of felony fraud.Lying on a mortgage application (including those for home equity products, which are second mortgages) is generally a federal offense and is usually investigated by the FBI, sometimes assisted by state law enforcement.

In MD the real estate commission would take refusing to make on offer because you as a broker don't like the terms a very serious offense. 

(no offense VAs =)I've also known guys that rushed out to get a VA in place for $200+ per month before they have any call volume.  

You indicated earlier that these actions were criminal offenses.  

Thanks everyone for responding...I sincerely appreciate your honesty and frankness...no offense taken. 

No offense, but your site needs a lot of work.

To that end, the IDFPR has authority to initiatedisciplinary proceedings against licensees for violations of the Illinois Real Estate Act of 2000.The IDFPR may “refuse to issue or renew a license, may place on probation, suspend, or revokeany license, reprimand, or take any other disciplinary or non-disciplinary action as theDepartment may deem proper or impose a fine not to exceed $25,000 upon any licensee underthis Act . . . for any one or combination of” the grounds for discipline set forth in §20-20 of theAct, 225 ILCS 454/20-20.Additionally, a licensee may be subject to both civil penalties and criminal liability for theunlicensed practice of real estate brokerage:Any person who practices, offers to practice, attempts to practice, or holds oneselfout to practice as a real estate broker, real estate salesperson, or leasing agentwithout being licensed under this Act shall, in addition to any other penaltyprovided by law, pay a civil penalty to the Department in an amount not to exceed$25,000 for each offense as determined by the Department. 225 ILCS 454/20-10(a).Any person who is found working or acting as a managing broker, real estatebroker, real estate salesperson, or leasing agent or holding himself or herself out asa licensed sponsoring broker, managing broker, real estate broker, real estatesalesperson, or leasing agent without being issued a valid existing license is guilty ofa Class A misdemeanor and on conviction of a second or subsequent offense theviolator shall be guilty of a Class 4 felony. 225 ILCS 454/20-22.It is a fundamental principle under Illinois law that parties can agree to any terms, and can contract in any situation, as long as there is no legal prohibition or public policy that dictates otherwise.Contracts for the sale of lands, tenements, or hereditaments or any interest in or concerning them for a term longer than one year must be in writing to satisfy the Frauds Act.

I looked at a lot of yellow letter examples and to me for this area and owner income range I felt the typical in your face letter would be to "low brow"(no offense to anyone). 

The most egregious offense, IMHO, is the Wholesalers that use contracts to require BOTH an EMD and a non-refundable deposit on top of that.