I think too many people confuse being nice with releasing people from their agreed upon responsibilities.  

Tom Anderson Interesting that they won’t release financials.

My friend and I are looking to go into buying a townhouse together from a lady that wants to release it back from us.

Have them sign a piece of paper that releases them from the lease, but acknowledges that you had the mold issue professionally mitigated and testing didn't show a hazardous condition.

Then once it's confirmed, they will release it and usually just deduct the fee from the draw.

You cannot 1031 into properties you already own or to pay down a  loan on a property you own.You're lender is probably giving you a partial release when you sell in exchange for a certain % of the net proceeds from the sale of the one unit.While it is conceivable that you could do a 1031 on this sale I think you need to look closely at the issue of intent.  1031 is only available for properties you have purchased with the intent of holding for productive use. 

They aren’t called Constitutional addendums, but amendments.Addendums are separate forms that are part of the contract beforeit is ratified and amendments come after it’s ratified.Contingency release formA contingency is, simply, a condition.

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

If the terms do not address this precise issue, the Trustee might be consulted about releasing the auction purchaser (and refunding the deposit) given the pending litigation.

In my state the only way it can be disbursed is with a signed agreement agreeing to the release and distribution by all parties involved in the transaction, or by court order.