Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

Can someone please explain how transactions are being made?

It depends on how the transaction is structured, and the history of the title and timing. 

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

However if you are getting the buyer yourself and need an agent to draft paperwork and work as a "transaction broker" - I charge 1% or $3000, whichever is greater. 

Could call the title company or transaction coordinator to validate.   

And you want the person you’re doing business with (your buyer or seller) to be someone you can rely on to work with you, not against you.This might seem like a silly word to use in the context of these very official business transactions, but I stand by it: You have to pay attention to vibe.You know when you’re not getting a good feeling from someone.

Recently, management changed it so both loans can be made with one payment versus two separate transactions. 

Title company processes transaction and finalizes sale.