While the "Contract Clause" in the Constitution gives you the right to write a contract on a cocktail napkin and the "Statute of Frauds" gives you the "what's required", your being a Real Estate Agent typically requires you to.The good news is, among ALL of the things Realtors® need to know when wholesaling , the contract is the hands down EASIEST!!!

Home Foreclosure Rescue Scams http://www.ncga.state.nc.us/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_75/Article_5A.htmlSection 75-121.

Three things you need to look at.A Power of Attorney statute in most states has a prohibition against "self-dealing" and a daughter selling her mother's house would be presumed to be self-dealing, regardless of having the purest motive in the world.  

@Jon Holdman I have reviewed the statutes, as well as reviewed Victor Grimm's book on landlord tenant law in Colorado and have found no requirement for a 5 day grace period.

Someone may give you a price, but it won't be a "flat fee" really.I'd suggest you not buy notes of any kind until you're familiar with foreclosure statutes, costs, time lines and requirements for eviction and safekeeping of the collateral. :)   

Please DO NOT raise statute of limitations issue.

Combined with the 2 year statute of limitations on appealing overcharges, it seems JC rent control has far less teeth than it once did.

I recommend you work it backwards.Lots of opinions but very few have done the work.If you know of a property with C/E violations, pull up the documents and reverse engineer what was recorded, what was filed, under what statute(s) and authority it was recorded, etc. as for my opinion about the biases of the personnel, I'm not risking sides.

In fact I would be hesitant to lend on anything that was not being put together by a state licensed broker who is regulated by some level of suitability and statute requirements.

Search "Equity Purchase Statutes" for each state that you intend to buy in.In my state, CA, CC1695 applies to owner occupied sellers of 1-4 unit residential property while in default, pursuant to a non-judicial foreclosure.