It's up to the homeowner to get it removed after paying the fine ( a release of lien filed by the same POA).

In some cases the seller may be able to get released from the listing agreement by merely asking to be released.  

Do they release that funding as a draw or as a credit?

Tim,You will only be able to release the losses from THAT property.

If you do not like it then the broker can release you to go somewhere else that is a better fit.

The lender on record is bankrupt.Mortgage Release: Date: 6/23/08.

We use our own agreements. agreements that we use with the seller of the following :Letter of intent to lease or purchase, a rental agreement that is pro landlord, an option to purchase agreement, memorandum of option, seller acknowledgement, sale and purchase agreement,  escrow instructions  Agreements we use for the tenant buyer: Earnest money agreement for property inspection and for earnest money, option agreement to the seller, lease to seller, assignment of lease, assignment of option, option release document, disclosure to tenant that we are not the seller/owner but acting as an assignee-assignorThese agreements are for lease option assignments and lease option sandwiches where we are in the middle of the agreements.

Put in a few thousand after they do and you'll be able to release at the market rent.Interested to hear how things go so please keep us posted!  

BUT, after explaining the situation, he was amicable and agreed to a $50 fee to cover his gas/time, and obviously wouldn't be releasing any paperwork. 

You have to get a mutual release agreement signed by both parties and sometimes the broker.