Shuffles papers to relative agent, whites out info/names/etc. swaps theirs in.

In other words, it would be a virtual swap-meet where everyone that's involved with anything to do with the local real estate investing industry could post their "wares".

So there’s some reason that’s keeping those out there who are saying “yes it works but it’s exactly the same as having a 0 balance HELOC” from actually doing it.As a side note, the way I do it is to swap the mortgage for HELOC entirely.  

He needed a place to rent for a year while he built a new home, so, we just did a house swap.

Plus, most banks allow you to swap a LOC to a Loan at any point without and fees.