So, that being said, there has to be some process that can be worked thru to release the property for sale.

- Are you looking to do a partial lien release without losing your incredible interest rate so that you can sell off a couple of the future townhomes and hold onto a couple?

I'm remodeling in phases, so two tenants got 30 days, two (including tenant referenced above) got 90 days, and 1 got a re-lease offer.  

Can you release the ban? 

I would ask the title company to get the lien release and new lien drafted and executed and held by title to be recorded.

For example, in Florida, a mortgage is no longer a lien on real property 5 years from the date of maturity, if the date can be ascertained from the face of the mortgage or 20 years from its recording if it can't.In any case, I suspect you'll probably need to pay the lien off and obtain and record a release of the CIT DOT if you want to get a new loan.

It's essentially an automatic EMD release clause in your contract, so that you don't need to run after the buyers for them to sign the release.

If the payment is "advanced rent", the PM can only release the money as each month accrues.

One of the "devilish" investors I once worked with actually devised 2-step bidding strategy involving 1st win by OO, then deliberate release BOM with loss of escrow deposit, at which time it would fall right into the lap of the investor who would submit a bid the NIGHT BEFORE status in MLS changes to BOM.

The notice of interest coupled with the power of attorney allowed me to embed myself within the deal where the seller couldn’t go around me and sell to any Buyer nor could a buyer bring an offer to the seller behind my back and buy the property without me releasing the notice of interest.