If the broker wants to be nice they can release the seller from the contract.

All; The mortgage is only "extinguished" provided the clerk sent notice to the mortgage holder, if they were not given prior notice you'd better hope they are happy just going after the surplus and releasing the mortgage.

Eric,I can't speak for all HML's, but our process is as follows:1. 3rd party appraiser to determine ARV2. repair funds are released in draws, based on % of completion

There is a company call 2N out of Europe that does what you describe; directory lookup, dial out to phone (using VOIP), door release on signal.

Especially in estate transactions that is often done by releasing the amounts of offers to people with emotional attachments and possibly partial interest in the property.You might have done little more than help some of the heirs set the price they will have to pay to the other heirs to get the property.Also if an agent says to the seller...

does HUD record a release or satisfaction?

Hi @Casey CarrollWatch highly litigious states like NY, NJ, MA, DC, VA, MD, FL, CA, OH, etcLots of lawyers, better to get on title than lease option and assign or you will be charged with brokering agreements and acting as a fiduciary agent without a license.I use an option release, and I do not assign, just charge an option release fee.NC is good for licensed Brokers to do lease purchase. 

Just in time to celebrate Apr 15th Tax day!

I wish you much success on your new adventure and look forward to celebrating with you!

But not a good Housing affordability index:https://research.stlouisfed.org/fred2/You can even make a dashboard on the site with whatever you want to track, and the data will update automatically when the new data is released by the respective source!