Remind the closer to obtain a deed of release for the second transaction. :)

id take a walk on this 1 you will never get your money back on that let it go to auction the owner mite not like it but it be better on you some body mite get it less than what they want they owe to much some buddy is going to take a hit let it be the bank the owner is allready in trouble dont waste ur time 

I would much rather pay more for releasing than new leases.We look for 60+ properties as it is easier to afford on site payroll. 

Or if the Seller is pissed off, have the Seller give the Agent-Broker a fee of 1% to release the listing.

The mortgage issue caused the closing to be delayed once, but the seller informed the title company he would contact them to reschedule and have his mother present to sign a release on the mortgages at the closing.  

@Henry Holmes put a mortgage amount on the property for the value of improvements, you can release the loan at closing.

He's been involved with the small business software industry since the mid 70's, and remembers releasing his first commercial accounting software product when you had a one-floppy disk drive system, loading the program from one floppy and then replacing that with the other floppy to hold the data.

As long as you have escrow instructions that release your EM within the 10 day due diligence period with only the buyers  signature.Out west here once you put EM into escrow it takes buyer and seller to sign cancellation agreements to get your funds back.

I also have a list of appx. 50 potential motivated sellers (properties in probate) that I plan to mail out every Friday, and another list of b/w 50 - 100 potential sellers that I plan to mail out once a month (recipients of NOD.)Because my letters are individualized (in the body of the letters I mention their property address), I need to have all my letters be prepared by me - using mail merge, of course. 

I am a real estate investor and designer masquerading in an accountants body.