The difficulty from what I see is that these sorts of scams are mostly small and local police are ill equipped to investigate and prosecute especially since most of the criminals are not local.

I predict there will be criminal and SEC civil prosecutions of some of these syndicators.

One of the reasons lenders don't like seconds behind them is in the event of a default they cant just get a Deed in Lu from you.. they have to prosecute a full foreclosure to remove the second from title so they can resell..

And development buy land prosecute subdivision lots or change zone to commercial this works well also for funds with cash.

Saying it's a waste of resources is no different than the police in big cities saying they're not going to investigate or prosecute shoplifters any more because it's too much trouble.

I have been hearing this question more and more lately  Yeah, the court case is interesting because I think there's this sense that no one ever really gets prosecuted for mortgage fraud, that if you make your monthly payment, no one will ever come knocking.

Just refer him to a HUD counselor for free and move on.These rent backs from the former owner the Feds have been going after investors and prosecuting for stuff like that.

Every investor has a different tolerance level for prosecutions. 

I know I was a HML as big as these boys ... you can forgetta bought it. the cost of prosecuting a PG is way too much to be relevant in one off HMLs. it really depends what state they are lending in..

I see you always posting these long winded diatribes, but are you able to point to specific instances of a mobile home park operator being prosecuted for said infractions?