Typically we can get a second released/satisfied for 6-10% UPB, in a short sale, which is usually in foreclosure by the first, and upside down on just the first....but that's a totally different story.

The seller is annoyed and wanting me to release the earnest money nonrefundable now.

Mostly quit claim deeds, tax deeds, release of mortgage and probates.

Get Power of Attorney for the property4b Have seller send “release of information" authorization to the mortgage holder on my behalf4c Seller changes mailing address on account to mine4d Include language that when I refinance, escrow goes to me5.Sell/dispose of home contents (he just wants to walk away; I intend to work with an estate sale company)6.

You could buy just one, but the lender would have to agree to release that one from the mtg., for a predetermined partial pay off.

This is something I will have to prove.This partner wants out, the only problem with buying him out is that if this development does not succeed and the bank does foreclose, he will no longer have any liability for a subdivision that failed due to his mismanagement.About 2 months ago the bank started dialogue with the partners about "Deed in Lieu" and was even negotiating a release price with the partners.In the mean time I sold 2 units in the subdivision, and created a 3 yr restructuring plan that will sell out the development and repay all bank debt.

was " Release your equitable interest for a fee on the closing statement".

However they are godawful expensive, $200 for a pack of twenty residential purchase agreement forms, and so many different types of forms might be needed, such as counteroffer forms, contingency release forms, ect.

If the contract were still in force, you could do that and use a release from contract and call the money being paid compensation for releasing the contract. 

A few docs off the top of my head;Authorization to ReleaseInsurance Cancellation RequestLetter Appointing ManagerTitle Holding Trust docsLoan Info Worksheet (Loan verification)Power of Attorneyas well as a disclosure to the seller stating that you are buying it subject to and that it may be called, that it will remain on their credit, and that it could result in a foreclosure - basically, a release similar to what the doctor has you sign which states he/she is going to do minor surgery on you, but you may die and that you should be aware of that worst case scenario going in.Again, tricky deals to do correctly.