heloc: 3 reasons HELOCs create title headaches - 07/13/12 03:15 AM
Home Equity Lines of Credit (HELOCs) may be difficult to obtain in today’s market, but not too long ago, everybody had one.  Recently, a series of closings were delayed in our office due to issues with HELOCs, and I expect that dealing with HELOCs will only get worse.   
There are several reasons why HELOCs often cause title nightmares, and keeping good records can help avoid settlement delays.
Issue #1:  Funds on a HELOC can be redrawn Unless a request to close and terminate the account is made, the account remains open.  This differs considerably from a traditional mortgage.  When a first … (0 comments)

 
Todd Ewing, Founder & CEO (Federal Title & Escrow Company)

Todd Ewing

Founder & CEO

Washington, DC

More about me…

Federal Title & Escrow Company

Address: 5335 Wisconsin Ave, NW , Suite 700, Washington, DC, 20015

Office: (202) 362-1500

Fax: (202) 362-5901

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