Your states law will OUTLINE how the process CAN go to keep it the same between any/all banks, but ultimately the bank gets the final say on when they can/want to actually carry through the foreclosure process.

Instead of being responsible for drawing up something you are not familiar with why don't you explore outlining the terms and parameters of the finance structure and get an attorney involved to ensure it is done correctly?

This is possible, but you have to present the investment opportunity in a way which outlines how and when you will do this.

I think people always think that they cant get ahead in life because they are not smart enought or dont make enought, but in truth if you take just what you are working with and make a goal outline you will be alot better off in life.

I use the method @Barbara Leicht outlined for tenants who need to use money orders or cash. 

In efforts not to re-invent the wheel, I was wondering if you would share you "wheel," or at least share a outline of your "wheel?"

For instance, you may need legal help to establish an agreement outlining the rights and obligations for your investor and you.

Listen to Gary on this one...I was the listing agent on a property where what appeared to be a small amount of mold was found during the inspection that turned into an approximately $15,000 job with two ripped up bathrooms and a month of remediation...Quite a learning experience and two jam packed files of disclosures that outlined every step of the way of the process.Guess we did a good job because it's been four years since that happened and we did not get sued.

As a broker I would guess that you would get a quick outline of their buying criteria and ask if it is ok to call if you come across something in their wheelhouse.

There is a lot of value to a PRO membership; you can find the benefits at http://www.biggerpockets.com/proI think that perhaps I need to work with Brandon Turner to put together a comprehensive blog post to outline the perks behind the perks.....