Can a seller take out a draw on a second mortgage after accepting an offer according to Utah law?

In Utah, a seller can access a draw on a second mortgage even after accepting an offer, which aligns with the provided answer. A draw from a second mortgage essentially allows the seller to access equity they've built up in their property. This can be beneficial for sellers who may need funds for various purposes, such as making repairs or covering moving expenses.

It is important to note that for the seller to take out a draw, the second mortgage must permit such actions, and there may be stipulations based on the terms of the mortgage itself. In practice, when a seller enters a transaction, their financial situation, which might include a second mortgage, does not inherently restrict them from accessing their home equity.

While the other options suggest limitations or prohibitions regarding draws from a second mortgage, they do not accurately reflect the legal position that allows sellers certain access to their equity. In summary, the ability to take out a draw grants flexibility to sellers and is permissible under Utah law, provided there are no conflicting terms from the lenders involved.