This means that before a potential buyer is allowed to enter negotiations, and certainly before sensitive financial information is released, the seller and or his agent will want to be convinced that the buyer has the ability and willingness to complete a purchase.  

I would bet that a recorded lien would cloud the title to the point that a title company would not issue title insurance on the property without a lien release. 

Still looking for a property that has the ability to cash flow along with some built in equity to combat against future decline in property prices, which according to HAR.com latest press release it's already happening.

@Nehemias Ponce It's not a requirement to monitor it -- there are automated tools like Lending Robot that will buy the notes for you within seconds of when they're released.

That said, you could always request an Authorization to Release in order to be able to check the status of the mortgage.  

This took a long time mainly because title company required that previous sub2 owners sign a release form. 

They come pre-charged for up to a 25 foot line set so all you have to do is install it and release the charge.

once I assign my contract to the buyer, doesn't that release me from all the risk if me and the seller do our due diligence to find this buyer?

Hi, I need to obtain the building financials for a unit I am interested in purchasing but the management company is not allowed to release since the current owner is in default and will be going through a foreclosure at some point in the future.  

Just release them from the contract and offer to return the security deposit IF they vacate within a week, rent is paid up through the end of the month(October since you're giving them a week), and they leave it as clean and undamaged as you gave it to them.With only a month in it's likely you won't have much to do to prepare it again.Then fix your lease for next time.Brian