However, due to very, very high cost of living in Silicon Valley, and difficulty buying a reasonably sized home, and given I will remain in Bay Area long term most likely (family all here), also need a property appreciation strategy to some extent, too.

In PA this does not go to an overage fund or surplus proceeds fund.. instead.. in an upset sale any amount bid over the minimum starting bid in the Upset Sale will be applied to liens against the property in order of position… since the min bid includes all municipal, back taxes and county liens.. then would it be correct to stated that this extra 10k would go toward the remaining Morgage amount (if applicable) IRS liens, cigarette and sales tax liens etc..? 

Cold-calling is all but a dead-art, but the principles remain. 

@Zac Gorski hopefully the renewal clearly states that all other terms and conditions remain.

Pref Rents are below "legal max" and can potentially remain there forever (or as long as that tenant exercises their legal right to renewals... allowable increases are based on the Pref rent as well.

. $160K and I have roughly 15 months remaining on the 5yr borrow period. 

Goal is to pay him for the house 20K ish have the mortgage for the remaining amount owed and not have to come up with 25% down for the mortgage. 

So if a loan has been in default for ten years, the earliest four may be uncollectable but the later six and the remaining balance are. 

Such situations really irk me, which is why I decided to look into this further (and assume I have the right case.)My feedback remains to speak to an attorney.

Depending on the type of Heloc you get its interest only payment for the first 3, 5 or 10 years then the remaining time will be a payment of principal and interest.