HOA Foreclosure what happens with the mortgage

[Jack Honey]

There is a HOA foreclosure i am interested in purchasing at the auction (Texas). I've been doing my research and i know in Texas there is a 180 day redemption for HOA (Home owners association) and 90 day redemption for COA (Condo owners association). I know to ALWAYS get title research done before buying anything.

From what i understand from looking around is that when you purchase a HOA/COA lien at the auction its subject to the mortgage, or any other liens that has superiority to it.

If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure

1) Notify the lender of the situation and payoff the mortgage

2) Don't do anything, rent it out and let it get foreclosed on

3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)

4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)

This is the one I'm not so sure about

5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental play

my question is, is #5 doable?

Thanks in advance for the help.

Jack