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Updated almost 9 years ago,
HELOC and Seller Financing
I'm working on a seller financing situation where my seller states he only has a small HELOC on the property. Am I able to give him a down payment and transfer title to me and my seller still have the HELOC on his part? My guess is it needs to be paid in full for title to be transferred or assume the HELOC through lender or do a subject too deal???