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Updated over 10 years ago on . Most recent reply

Jimmy Davis's profile image
Jimmy Davis's profile image
Jimmy Davis
  • from Wichita, Kansas
  • Member since Apr 11, 2013

User Stats

39
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10
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Jimmy Davis's profile image
Jimmy Davis's profile image
Jimmy Davis
  • from Wichita, Kansas
  • Member since Apr 11, 2013
Jimmy Davis
  • Wichita, KS
10
Votes |
39
Posts
Creative Real Estate Financing

Sell via Owner Carry and keep HELOC

Jimmy Davis
  • Wichita, KS
Posted

If I sell one of my properties via "Owner Carry" that I have a HELOC on would I have to pay off the HELOC that I have on this property? And...

Would my buyer's insurance policy that I would require satisfy my lendor's requirement of me having insurance on the property I have the HELOC on?

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