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Assignment of Rents & Leases for HELOC

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On a Home Equity Line of Credit secured by second home, should an Assignment of Rents & Leases be prepared?

You are asking a very specific legal question and the answer will depend on what exactly you are trying to take as security/collateral for the loan and State law. You need to ask this question of your legal counsel.

First published on 10/20/2014

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