I'd be calling the bank to cut a deal to release the judgment, then you know what your bid will need to be.Jon could be right on it too, didn't see the 880, there is no way to really tell what the full story might be but if the value could have been a million plus it probably was a straight purchase and walk off

If you have a 4% interest rate, you may just let someone assume that and create a wrap mortgage on top to release your equity.

The only way for you to find out is by talking with the owner of the house and getting an Authorization to Release information.

Could be a roofer from another state or licensed in another state with contact info not correct or updated. if they are trying to deceive you into releasing funds yes fraud but I doubt a bank risk this for a tenants rent money.. they have been doing stupid things but this reward to risk factor would be crazy.

fast forward to closing time: Seller fled the country. takes me 10 months and countless visits to small claims court to get a court order to permit escrow/ title co. to release my EMD back to me.

You never let a tenant move in until section 8 passes the inspection first.If you let them move in and then section 8 does not like something it can take forever to release the funds.There are 24 hour notice items to fix and then items they give you say 1 week to fix.You need to make sure the tenants voucher will cover most of the payment as they usually never can make up the difference.

The additional money you may collect each month may not be worth it.Even in an active rental market, it still may take a month or so to re-lease the property.

I would imagine she would be willing, if not eager, to be released from the lease.I just caution you to consider of all the possibilities before you act.

Keep it up and I may start believing my own press releases ;)

there should be releases filed even if the loans were transferred...