Make sure to address the security deposit transfer. 

Therefore, there may be consequences such as transfer tax etc.

No transfer fee.What are your thoughts on this existing note?

@Brian Webb When you take out the replacement HELOC, the balance that you have on the initial HELOC will transfer over to the new one.

The one that probably has a "due on sale or transfer" clause in their contract?

Any formal closing process or deeded it over should have triggered a transfer stamp to get the final water bill paid before you took ownership!

I transferred from this line of credit account to our business account and then wired from our business account to the closing attorney’s escrow account.

Sounds like the property will need to go through probate before it can transfer to anyone else.

The price trends look good in your area...and it looks like it just transferred in August of this year?...

My closing agent oversees the paperwork so that there are no mistakes in securing the loan (the promissory note, which spells out the terms) to the property, filing the deed with the county, collecting the transfer taxes and getting the monies to the right parties.