The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal? 

I'd love to learn more about your goals so we as a BP community can offer advice and guidance. 

The sponsors’ goals included “protecting naturally occurring affordable housing” from teardowns, decreasing “gentrification” and lowering property taxes for homeowners.

Analyze each city's rental demand, property prices, and your personal goals to make the best choice.

I'm reading up on books and articles on how to do this but sometimes it's easier to join social groups or talk to people close to me that have done it before.Right now my goal is to get pre-approved for a loan and to learn from others.

The key is to generate a solid list that starts with high equity homeowners and you can layer on top other filters like Notice of Default, downsizer, absentee owner, etc.In my experience, the goal isn't to make someone consider an offer on their home, they're either going to be interested in selling or not, you can't control that, but you can control trying to figure out is they have any interest and finding out their motivation.

I've been exploring options for a multifamily property, single-family homes, and even a luxury condo that could work as an Airbnb.My primary goal is to find an investment that has good potential for profit and tax benefits for this year.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

I love the "Monopoly full-time" goal—gotta respect the hustle.I’m right there with you on the buy-and-hold strategy; cash flow is the name of the game.

I have a different goal from new investors.