“Gross negligence is the twilight zone which exists somewhere between ordinary negligence and intentional injury.”

Subsequently, I was pushed to the back of the line for my original intent, the Housing Inspection License.  

I have listed to several Bigger Pockets podcasts already and have done a lot of market research on AirDnA with the intention of buying our first house within the next few months!

Mutual release is only required in some states, and, like I mentioned above, we cover that with the contract.EMD lending is a viable business and is becoming even more so as sellers and agents start asking for more of a deposit to gauge intent.

Thanks for clarifying its not a foreclosure sale but instead, an REO sale (Which i suspected), which is for all intents and purposes, a regular real estate transaction between a buyer and a seller, which has rules and regulations for each transaction.So, as a banker that sells REO, i would ask myself what it is you are hiding.

My goals are long term growth over cashflow (at least breakeven and cashflow would be nice), I would like to buy properties with the intent not to sell, but to scale and continue to acquire more RE, and have the snowball effect pay off down the road in 5-10-15+ years, but again I'm open to all ideas. 

This intention can be expressed by the parties or implied by their actions.I would say that the signatures of both parties would suffice. 

As others have said, if you want asset protection then be intentional about it.

I'm sure you know this, many times things are left out intentionally or unintentionally. 

Don't get me wrong, they definitely have to pay you back; the question is did they offer to or do you have request it as that shows their true intent (at a time when the kid is no longer sick).I would also question the bank as to how they let the cheque clear when it was made out to someone whose name was not on the cheque.