The “due on sale” clause, as its commonly referred to, is 2 paragraphs that are usually located in Fannie Mae and Freddie Mac “notes” (which is the specific form/instrument that outlines the terms of your mortgage).

I'd go with #1 or #2.Keep in mind that HELOC is best used as a short-term instrument. 

IE the sellers still on the hook for the mortgage and now does not have ownership of the asset.. it also can invoke the alienation clause in the debt instrument. 

But saying a contract, a legal instrument is professionally prepared means to any prudent person that the instruments were prepared or written by an attorney.

Texas Instruments!

You can still use the legal instrument of an assignment of contract, but not as a wide spread business practice.

Priority has nothing to do with loan balances and even the recorded date of the instrument.

(not just the militia).Anyway, what is worse, being killed by an instrument meant to kill or an instrument not meant to kill?

I never get bored with it and I LOVE the thrill of the hunt - finding the right deal.My wife is a week away from being a licensed realtor and she will be instrumental in the sense that I will have constant access to the MLS and REO properties.

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