Sounds to me like someone is saying an "as is" contract releases them of disclosure requirements which is not true, but even if there is lead, asbestos, radon, under sized wiring, contaminated water, broken sewer lines, leaky roof and no working mechanicals, you bought the place!

Seems the morgage has been paid but 'not released'.

It would be nice if we didn't gift a bunch of bloated idiots tax dollars to allow them to be so choosy, but that is a different topic for a different thread and day.Giving a buyer a financing contingency in a contract is like extending them credit and the seller should have every right to do some homework on them.

If either party released private info, now they are breaking their responsibility to their customer.

Keep in mind that if you have paid for an appraisal the 2nd lender may not be able to use it unless the 1st "releases it" to them.

See this SEC press release for just ONE example of the SEC views it: http://www.dora.state.co.us/securities/pdf_forms/pressreleases/yates-press.pdf

Wikileaks is at war with B of A and going to release thousands of pages of bad info.

Get an authorization to release information signed by the seller, provide it to the lender, and speak directly with the lender.

Basically says the release is active upon payment.

Clearly I'm an investor who submitted the authorization to release form.