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.

If the tenant is concerned for their health, you will immediately release them from the lease with no penalty for early termination.

The step by step videos in this program I find to be easy to get through they are sometimes as short as 4 minutes detailing a step in the wholesaling process or a tool that helps manage your sellers and buyers and then they give you an action to take... they only release a few videos at a time which to be honest was sooooo frustrating, like I may have complained... but I see now it was forcing me to just take whatever "action step" in that video was, so now 3 weeks in I still and not anywhere near done with the coaching and can say I DO NOT understand the whole process but I am failing forward with hopefully 4 deals in the next 4-6 weeks!

There really is no need to re-warrant good title if the cloud to title is released or expires, at that point you have clear title regardless of how property was deeded to you.

Typically, in this situation, I advise my property management clients (in Florida) to terminate the month-to-month tenancy of a tenant who is causing problems like this and to place a better tenant in the unit.As for the tenant who is requesting to get out of their lease, of course, you do not have to release them from a lease term on that basis, but look to your lease and state laws regarding their ability to terminate the lease (whether a lease term or month-to-month).