I recently refinanced a zero balance HELOC to decrease rates (5.75->3.75) and two months later I've found that the first HELOC was never closed. I confirmed the new bank is in 3rd position by looking at the Land Records.
The new bank was 100% aware of the first HELOC. Their closing checklist had "Close HELOC" on it.
Can this create any negative problems for me?
Any thoughts on what I should do
1) Leave it as-is
2) Contact first bank to close HELOC
3) Contact second bank to tell them they've screwed up
4) Max out both HELOCs ($300k) and travel ;-)