Need FSBO help...

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Hello all. I have an opportunity to purchase a house from my friend's cousin for the current amount owed on the loan. She currently has ARM finincing, and is about to lose the house because her mortgage is about to jump. Because of a divorce issue, refinancing is out of the question. Anyway, I would really like to help her out, and would like to make this as painless as possible for the both of us. So, I was just wondering if there was anyone out there that could give me a generic process for going about this, i.e. necessary steps (appraisal, title check, etc.) and also the necessary forms involved. As for a purchase agreement, is it legal to use forms published by my local real estate commission, or are these only for licensed real estate persons? By the way, this property and I are in New Mexico.

Thanks,

Parallon