Could I take cash from my HELOC, transfer it to my checking/savings account, and that be my reserve?

People will start looking to relocate especially if they are getting a job transfer.  

We paid full price for it which wasn't ideal, but my wife became pretty emotionally attached to it and it is in a good location for a family home, great area etc ( but I know I didn't get a great deal on price)Unfortunately or fortunately, I am being transferred to the UK at short notice,and my long term plans for the house are up in the air.

This information definitely makes me feel much more confident. I

Repairs Needed:Flooring - Vinyl Wood 1200 sq ft$1,200Floor Underlayment$260Floor - Tile 350 sq ft$580Flooring Adhesive$200Floor Trim$435Paint All Walls$450Bath/Shower Remodel (2)$1,400Oven$800Dishwasher$530Microwave$150Washer/Dryer$600Refrigerator$1,300Crown Molding$350Concrete Driveway$2,500Surprises$2,000Expected Repairs$12,755Closing CostsBroker Commision$1,000Broker Admin Fee$250Title and Transfer Fees$500Misc Expenses$250Total Buying Costs$2,00075% ARV$107,946Minus Expenses$14,755MAX OFFER$93,191First off, did I do these number right?  

I charged everything on cards that rack up points quickly and then balance transfer everything to a 0% interest card.

If your wife is on the title but not on the loan the bank has no incentive to transfer the loan to your wife and let the mother off the hook.

Assure them that they can strike out any of these numbers for confidentiality.  

,To expand a little on @John Errico's post, in most cases, a document or item you need - such as a transfer stamp, Certificate of Occupancy, etc. - is required in order for the closing to go forward.

If nothing else, you make sure the property doesn't transfer without you being in the loop.