Updated almost 10 years ago on . Most recent reply
Getting a HELOC on a Sub2
Gooood morning Biggerpockets!
I currently have several properties obtained "subject to", and am currently exploring options to utilize their equity to fund other non-RE projects.
While my POA on the trust allows for it, would obtaining a HELOC on a "subject to" property trigger the Due on Sale Clause? Or send up red flags that would catch the lender's attention.
How much communication/involvement is there between a bank and a lender when a HELOC is associated with a property?
Lloyd Stanton.
American.