A set portion of the closing proceeds to be held in escrow by a third party until released by both you and the seller.3.

If you are considering it tenant abandonment then you should make good efforts to re-lease the unit and the former tenant would be responsible for their own rent up to the point when the new tenant's lease starts. 

Banks generally release that information too.

We walked away and the seller eventually sold at the end of May 2021 and will still not sign the mutual release.

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I'd give the deposit back to them and ask them to sign a release for both you and them. 

However, only your accountant knows all the facts and the sale may potentially not be subject to the $3,000 annual loss limitation if it is a section 1231 / 1245 / 1250 asset.Furthermore, many taxpayers think they have a loss when in reality they have income(they forget to reduce the basis by the accumulated depreciation).In addition, you may have suspended passive losses that may be released upon sale.

I also have a large HELOC line available on my personal residence.Despite their language (above) the bank involved is (at least in my preliminary discussions) pitching a fit and indicating that if I use the HELOC to bring additional funds to the transaction or do 3 mortgages (pay down with my cash and then refi to get funds to do the next 3 and then the final 2) that it deems either strategy as equivalent to directly (and in the first instance) refinancing with another financial institution and will not release my collateral unless I pay their penalty.I am prepared to call this a mistake on their part and am seeking legal advice, but I am interested if anyone else has been through a similar episode.I don't get how they think I should be stopped from mortgaging my personal residence and then bring those funds as equity into the LLC's (the actual borrowers) to pay them (the bank) off.   

(btw, no such legal thing as a service "dog")  HUD, however has allowed service animals and forced landlords to accept them.Under pressure from the NAA, HUD recently released guidelines on how to deal with emotional support animals.