Then you look at what debt is remaining.

I always recommend investors look at more specialized 1st position Helocs that are tied to zero balance sweep accounts.

Whether you want the lease to remain month-to-month or fixed is up to you.

That is to say I can draw on them for 10 years and after that the remaining balance transfers to a fixed term loan for the balance of time without the ability to draw more principal.

The case concerned a bankruptcy debtor who was granted a discharge of her personal liability on the mortgage loan in question, but the lien securing the loan remained on the property.

If it is only a tax lien sale it will remain intact. 

We ReFi'd into a very specialized 1st position line of credit that's tied to a zero balance sweep checking account.

.- You still have an outstanding mortgage that is under your name, so are you expecting them to use their proceeds to pay half of the remaining balance?

Tied up in all that is a substantial investment into my website, that does bring in income (I teach online all over the world) to bring in more students via a marketing and a rebranding effort, but that would open up a cash flow, every month, in and of itself. 

Same, with loan paydown, since I need usable cash rather than it being tied up in equity.