Second, the renovation/construction budget is usually structured on a draw schedule, where the funds are held in escrow and released as work is committed.

He said it has certainly calmed down a bit in the last year and a half to 2 years but that it may get rowdy again when the trouble makers are released from prison or find their way back.

. - Multiple unrelated fund mangers with deep experience (so one can't get hit by a bus)- Lends at conservative LTVs, stage-gates release of funds based on project milestones.- All loans are in first position, with senior rights.- Lends only to experienced borrowers- Has good liquidity - 1 year lockup or lessThe problem is that no fund meets all of these criteria.

Most sellers won't release all of this without a contract in place, nor should they.   

You can ask NACA to release it, but they can tell you no.

For example, in California, a Buyer has to actively release contingencies throughout the process.

The book is in the bookstore on BP and will officially be released this Thursday the 28th and it is packed with information on how to protect your capital investment and make sure you handle things legally and thoroughly.

This ^^^^^^ Get an unconditional lien release from all Subs, don't let the GC just say they've all been paid...and have him give you one as well.If your GC wants out and you are even with the money thing (he is paid up to date for all work completed?)

We consulted with various underwriters and all said they would call for a release if this came up in a title search.  

My title co. recorded my deed, but did not release my funds to the seller's mortgage co.