The entry price is high in both but that is because of outstanding historical appreciation. 

In other words, I understand I will become responsible for any outstanding debt(s) or payments due, such as association dues/debt liens/city violations etc; but is the original home loan also something I will become responsible for?

If you go the trust route, they can help you do it anonymously which will also avoid triggering the due on sale clause of any outstanding mortgage. 

Outstanding balance 220k.

Outstanding balance 220k.

It sounds like the option some lenders offer to lock the rate of an outstanding balance on the HELOC.

-bought for 180K-conservative value today 250K (potential net from sale - 50K)-conservative potential rent - 2000 / mo (potential net monthly cashflow - $800 /mo-currently a small pocket neighborhood with no through streets that feeds into a great elementary school and good middle-high school "Problems:"-our street, currently a dead end is about to become a through street that will become a major shortcut for another 300 or so house development to our West to get to the highway and the grocery store.

This is poor and toxic behavior imo  the fact is though, that S8 are just people no different than anyone else, some are wasting air while most are outstanding humans.

Per the foreclosure records the bank foreclosed on the property as it had an outstanding mortgage of $186k.

It appears the bank simply winterized the house, but later the water company shut off from the outside due to an outstanding balance of 154.