Heating: The 11K/yr oil bill is a strong indication there is no insulation in this building (just your standard, for the day, two layers of lath-n-plaster ... if it is a wooden building).

Basically how this works is you are signing an agreement to buy a property subject to your inspection on this property and the potential repairs meeting your standards.

I would have my Oregon Attorney draft the Note the TD was just on a standard TD form... these type of deals I would recommend to any lender they work great.

That all being said, if one doesn't hold himself or herself to a high standard and has no problem walking away from a deal or doesn't think he or she is stealing when late on a payment, maybe such clauses are not in the best interest of those who lend you money or secure their equity with a note they expect you to pay on.

Standard agreement language.

This is pretty standard stuff.

I can't imagine loan standards getting tighter than they are.

It's just I prefer self-education way more than the "standardized" education.

Bill GulleyAnd with the new international banking standards imposed by the Basel III that U.S. banks must comply with by 2015, lending will probably just stay tight.

Otherwise pretty much the standard, cut down on restaurants (dollar menu), old car (liability ins. only saves a ton), Goodwill clothes, now living in one of my rentals.