Chance are they released the servicing of the loan to them instead.

The following characteristics are required to meet Freddie Mac’s criteria for a student housing loan: Supporting college/university has 8,000 or more students; student housing properties located within close proximity (1) to multiple schools that have a combined student body of 8,000 students or more will be considered; Purpose-built student housing properties; must have a minimum of one bathroom for every two bedrooms, and each apartment must have a separate full kitchen; Stabilized garden, mid-rise and high-rise apartment properties that are greater than 50% occupied by student tenants; andProperty is located less than two (2) miles from college/university or on a public transportation route. (1) IRV will pipe in here to grammatically correct Freddie Mac.

As it is a great "How to" on what to do and why.2) My favorite book that is not is the Bible is a series of books, of which only two have been released: The Rational Bible: Genesis & The Rational Bible: Exodus both are by Dennis Prager.  

Until 1979 most mortgages were assumable, which made low downs through owner financed wraps possible.The real nothing down deals today consist of some variation of getting a non conventional loan and having the seller carry back a second; somehow convincing the seller to finance the whole transaction; or finding a partner to put up the down payment for half the equity.If you buy property at market value and finance 100%, you’ll have negative cash flow unless you were able to purchase an income producing property way below market, or there is a very high risk factor, such as a tenant moving out of a hard to release property, or a property in an area of declining values, or in a war zone where collecting rent is a life threatening experience.

My Question is can we have the release cured through the sellers proceeds at closing or does the owner need to straighten this out prior to closing.

In our market, when there is one lease, any signor on the lease can be held fully accountable or released from the owed money.

I’ve faxed a release to the RM company to get the full payoff and rate of interest accrual.

Municipalities and Governing bodies couldn't keep up if it were 2-3 years.

Using escalating earnest money (maybe even released earnest money) to the seller can convince them to wait for you.4.

It’s typical for title companies to add a few days of per diem or “pad” the payoff to ensure that the recipient of the payoff have enough to payoff and release the lien.