The press release I saw talked about passing deals off to realtors for listing on the mls or to their investors for purchasing.

We have a procedure in place for adding and releasing parties from a rental agreement.It seems to me you do not need any documentation from the non paying tenant.  

They were begging for us to release the $.We have taken the siding away from them and are doing it ourselves with a carpenter friend.We also will take away the brick work and stone on the front of the house. 

Identify all your possible liens, and get the date they were recorded, and instrument number.2. locate all the lien releases.

You can search that on BP as we've made several posts about them.RE is unique unlike other asset widgets, it must be valued individually which is cumbersome in financing multiple units can get expensive so after the fact you don't want to be in a position to refinance.Watch out for the deed of release requirements for any one property as well.Any type of program that blankets a group of marketable assets will have issues with releases of security interests so ensure that any release required meets your timing needs with respect to equity held and collateral amounts pledged. :)

After a period of time, as the legal process works itself out, each party can work to get released from the claim etc but no attorney will look at a property with a mortgage and just assume no equity thus no lawsuit.

And only with an offer, they would release the accounting of the business.

Is this finally a release of the large number of homes that have been backlogged in New Jerseys long bankruptcy process or is it a large number of homes being put up for sale by those underwater that are just trying to move on or is there another reason?

In combining the loans, will you still be able to release the properties individually if you sell one?

Otherwise this becomes a crap sandwich for you.Rather than an option, it would be my preference to buy property now, sub-2, get authorization of release of info so you can communicate with lender/servicer, and give seller a pre-determine time to remain in possession while you work your checklist of items to complete, starting with yard and exterior house renovation.