In my opinion, anyone selling a list of loans to anyone with people that are delinquent but NOT in foreclosure, are asking for a boatload of state and federal lawsuits for violation of civil and potentially criminal statutes.

You indicated earlier that these actions were criminal offenses.  

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.

Seems everyone tries to circumvent real estate laws, that those are the only applicable laws in real estate.......absolutely not, you have the uniform commercial code, you have civil law and torts, advertising issues and fair dealing with the federal trade e commission, you have the securities and exchange commission in raising money, we have a string of consumer protection laws and all of this seems to be totally ignored by newbie wholesalers, not really addressing you Dio, but all of them on BP.A contract that is made to accomplish an illegal act is not a valid contract and that can be conspiracy as in conspiracy to commit fraud or some other criminal act!

Hi Alan in Florida is close to Ohio but not the same, in Florida there's criminal charges if you always a sign especially without a license. 

individuals accused of (real estate brokering) unlicensed activity may receive a “Notice to Appear” that requires an appearance in criminal court.

There has even been reposts of criminals using open houses to case the house for valuable.

I'm pretty sure getting a license is pretty easy, well, if they have a criminal record, maybe not so easy

My explanation: Cold weather kept the criminals inside for a few weeks.

Hence, why I am trying to find a system to simplify the process:-)I practice immigration, criminal, and some personal injury law - car accidents.