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Updated over 10 years ago on . Most recent reply

Sell via Owner Carry and keep HELOC
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?