After the repairs were made they released the funds after an inspection was done.

SEO is a great way to push yourself to the top of the rankings, but too many people fall into the pitfalls of SEO scam companies that charge you an arm and a leg to put a few links around.Of course, no company is ever going to release their search rankings, but there are quite a few things that go into the optimization.

Who do they release the funds too?

Verbal offers don't mean much - if you are a serious buyer/negotiator -PUT IT IN WRITING along with a copy of a check (I always use what we call a "Skinny Contract", this is a one page document.)Show the seller what he will receive over the period of owner financing --if seller took back $100,000 @ 8% interest, interest only payments, paid monthly with a balloon at the end of 60 months - would look like this 8% x $100,000 = $8,000 a year ($666.66 a month for 60 months = $40,000 plus the principal balance in a balloon payment of $100,000 - so the seller get his equity of $100,000 plus $40,000 in interest) these facts can be very motivating.Seller needs to know about capital gains and the benefits of seller financing and installment reporting.Seller can use the financing note as a down payment or other real estate or sell the note at a discount.Seller can split the note - 4 $25,000 notes or 2 $50,000 notes - again these notes can act as down payments deposits on other real estate, sold or retained as monthly income or given to relatives as gifts.When seller financing is accepted - you may want to consider the following agreements or clauses: Always build in a discount in the event you pay the note off early (big savings here).Always make the mortgage a First Subordinated mortgage - this means that if you refi - you can place the seller's mortgage in 2nd position - since a lenders usually wants to be in first position.Make that mortgage fully assumable with release of liability - that means when you sell the property, your buyer can assume it, and you are released from the obligation (this is good)When selling the property - you can do a wrap-around - meaning if your interest to the seller is 5%, you can wrap the mortgage at a higher rate - like 10% - that means you are making 5% on money you owe - this is sandwiching the mortgage (this is good - never stop negotiating)Build in a clause that allows you to walk the mortgage to another property with equal or greater equity - this is called substitution of collateral.

Mold will react to the attack and release spores.   

A key thing to find out about the program you are thinking about moving forward with is if the lender offers partial releases, meaning that if you were to want to refi or sell one or more of the properties and still keep the other properties in the loan.

If you're searching for 'blanket loans' I would recommend asking the bank if they can do a separate release for any property that you might sell that was financed with this 'blanket loan'.I'm in PA - I've had great success with S&T bank with their portfolio loan program, but I don't think they lend in Jersey.  

Aloha,We include essentially that "consent to release" wording on our rental application, which becomes part of the tenant file when approved.

I'd be pretty darn happy walking away with $3k so making $216k would be a celebration!

Ideally your paperwork is looked at by an attorney before you use it with any seller.As a wholesaler, you don't need to worry much about the closing as you will be getting paid a release fee instead of closing on the agreement yourself.