I have seen too many foreclosures from these types of structures i am sure there are/were some but in general the ones I have seen seem to be patient when it comes to repayment.

You just need to be patient.

They could be each their own mortgage or could be Assignments of Mortgage or Modification Agreements or Satisfactions/Release.

If number 2 does not answer to your satisfaction then tell them you will be calling their state real estate commission about what happened with your earnest money.If the REALTOR is holding your check or misplaced it they are not supposed to do that and it should be a real estate commission violation.

You might speak to your attorney if you don't get satisfaction or a check.....good luck

People make the mistake of believing all debt can be wiped out through a bankruptcy and this is not true.I know you didn't mention this I am just throwing it out there for other people.I would get rid of and pay off your high interest rate loans.This will shift away the bad debt and free up more funds for the good debt that is working on producing income instead of taking it away.Not a fan of paying extra to the mortgage.You would just be trapping equity that would not be growing at the pace of inflation thereby diminishing the value of the equity.Instead if you put that money to work buying properties in one of the best buying cycles ever in real estate you can work to create long term wealth.You don't want to over leverage but you also do not want money sitting on the side lines.Where people mess up is to not buy correctly and over leverage themselves in a bad way.I am very conservative.I do not want to hold something that was supposed to be a flip,wholesale whatever because it was a mistake and now I am stuck with it for awhile.I would rather keep throwing out what will seem like to any seller (bank included) a low offer.Then over time build up a QUALITY portfolio and not a QUANTITY one.You can get quality and quantity if you are patient and make good decisions.The problem is many hit a home run and then go overboard and get strike outs.A few bad properties can almost sink the good ones or at best make you break even when you should be cash flowing like a monster.Watch equity firms that raise capital.They know what they want,how much they will pay,and they do not deviate from it.Over time they build a quality portfolio that can weather many storms that happen in the real estate cycle.If you buy incorrectly and the margin for cash (if everything goes right) is small you are asking for a disaster when the market takes a turn.I see mistakes daily as a commercial listing broker and an investor from other people.I always try to learn how they made a mistake and what happened.I only have one property a 20 unit currently.I am looking for more but only under the right conditions.I have looked at property for years.

I see multiple SATISFACTION filings in 2015 with WMC in the indexed search, with current note holders like Nationstar, Deutsche Bank, etc.

As of right now I'm leaning towards giving the seller an offer contingent on my satisfaction of zoning, permitting, land use...

Perhaps what I need to learn here's a bit of patients, as well as humility.

Offer your number and be patient as in time the price might come to you