It would take 45 days to release the funds.

I have the seller sign a Letter of intent to Lease and To OptionThe letter of Intent covers...Address, Rental Term, Renal Payment per month, Security Deposit, Possession Date, Option Sales Price (could new appraisal), Option Money (usually 3% or $5K min), Representations, Warranties, Covenants, and Indemnification, Legal Effect, Notice of Intent to Assign, Option Period (45 - 60 days)I have them sign the letter of intent (LOI), it goes to my attorney, and the attorney prepares the paperwork.There is an option release disclosure document that discusses that the buyer will be responsible for the following fee’s to be paid out of escrow at closing, which are for the release of the recorded notice of option, the assignment of negotiated purchase price, and the negotiated rent.2.

If that number is low enough to wholesale it or sell it to a retail buyer then you're golden.You're going to need to put a COMPLETE short sale package together for the bank including a P&S agreement, Authorization to Release, Financial Statements and 2 years of the seller's tax returns along with a hardship letter explaining the reason for the default.

Stuff he's never seen but has been glad to deal with because he becomes that much more valuable of an attorney as I do an investor.So I say pursue this providing you are released of liability, it won't take up all or too much of your time and you don't have to put much money out.

Release contingency entirely?

I might have felt a little better if he didn’t.Even other major companies release statements about news reports that slander thier business.

The lender has to release their hold on the property before it can be transferred.

Here's a couple screenshots they provided of the planned release of the iPhone app-https://docs.google.com/present/view?

All of the information you need should be on the recorded Deed of Trust as that is what you are releasing.

I handle the actual negotiations with the banks.Hello;I would like to know if a homeowner agrees to sell me their home during the PRE-FORECLOSURE stage and they sign the authorization to release form for the asset manager/bank, Can or should I indicate that i'm an investor looking to purchase the home or do i indicate otherwise?