And speaking to the mayor today (small town), he knew all about the property and said that if the VA doesn't release it, then even after the house gets demolished, they cant sell the property and they would still have back taxes and yard fees to handle.

The press release is below.

Thirteen states posted a year-over-year increase in foreclosure starts in July, according to new foreclosure data released by ATTOM Data Solutions.

I would have an attorney draw up a mutual release and cancelation document and both of you sign it.

I would at least do that... see what you can see.Most lenders hire 3rd parties to verify work done then draw gets released.. at least I know Realty shares does this.And you have to when your lending to the general public like this.... these deals can go upside down easier than you think and 25 to 30% equity can get eaten up very quickly.. all those prime SF is a good place to be compared to other markets that are not as robust.. but I would certainly take a drive up.. maybe you will catch someone working on it and can walk in.

To me this is not a great fit for a lease option.I have one more separate and unrelated question re: lease options -- In your experience, how hard is it to do lease options when real estate agents are involved?

We just released our annual short-term rental report, and PCB is the most profitable area in the U.S. to invest in a vacation home.

You may not be able to see or find the release cord. 

Always do everything in writing, including asking to sign a release of lien upon your last payment to the GC.

They are managing a property I own in Cleveland, but wont release the rent money to me and will not inform me of what the status is with this property by providing timely reports.