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.

I'm really looking forward to the next couple real comp statistic releases to see if my "Boots on the ground" gut feeling holds true from a numbers stand point.

Google leasing companies in your area, I know the yellow pages are getting thinner, but they should be in a phone book under property or RE leasing.

You negotiate paying, say 5-10% of the outstanding balance at the closing, they put a demand into escrow along with a release, and it could work.

Also, you have to be careful regarding the inclusion of appropriate release language, should you want to sell one of the properties.More importantly, if you currently have low rate conventional 30-year financing, then beware of the higher rates and shorter terms associated with blanket loans from local/regional bank lenders.

We wrote up a property management agreement and she re-leased the existing tenants under her LLC's name.

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.