At least then you could do a non-judicial foreclosure.

It would increase the amount of time delinquents have to pay or quit to 10 judicial days.

It just isn't possible for a person to judicially foreclose, eject, and quiet a title on the property without an attorney.

We were going to have a formal inspection done before making an offer just to be crystal-clear on what we would be dealing with, but the realtor suggested we save some time and money by having a contractor take a look to help us determine the repairs required, and subsequently how much we should offer.Is this pretty standard practice as far as "due diligence" goes? 

I would suggest a good SOW (Statement of Work) and some form of agreement if you want to get formal that outlines your expectations, like when the contractor can expect to be paid, project timeline to complete specified work. 

ME, a silly ape with a big mouth with an ego from hell, a cute butt sure, and crazy hair, but with no formal SEO knowledge other than that I developed myself which Google seems to be loving to no end!

Not only that, but due to the terms of the "gift" repayment being a verbal agreement that generally won't (nor should it) be agreed upon in a formal contract; family will likely be the most willing to make such a trust-based agreement. 

Hi all,Do anyone have a template available to use when making a formal offer ?

Who knows, you may even find a  partner or someone hire into a small start up while you start a formal education?   

I'm always extra cautious from any lender online, due diligence is important...Originally posted by @Jay Hinrichs:that sounds too good to be true frankly.. caution unless this is a personal friend or family member if its a private lender you met on line.. good chance you will lose any up front money you give them too good to be true terms from on line lenders or someone posting on facebook linkdin  or BP  ( on BP they will send you a PM)many times are fake.. and just want your up front fee and as much as they can squeeze out of you.usually they need 500 up front or something like that for an app fee.. they string you along and then right before closing all of  a sudden they need a grand or two.. then you send that in then they say there is a problem with the file we cant close sorry bout that. and you have formally been scammed.