Finance
A Virginia borrower who received a HELOC on their home and later wants to sell must:
ATransfer the HELOC to the buyer
BPay off and close the HELOC before or at closing since it is a lien on the property✓ Correct
CLeave the HELOC open for the buyer
DNotify VREB
Explanation
A HELOC is a lien secured by the property. Before conveying clear title, the seller must pay off the HELOC balance and obtain a release of the lien.
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