Of course, there are strategies and games the pro HOA auction buyers play with the mortgage holders afterwards, as discussed with the attorney you referred me to, but the mortgage remains.

if you look at the data, most areas appreciate about in line with inflation.  

The HUD laws are in place to prevent flipping due to over inflated home values for a quick profit, mostly mortgage fraud issues.

Thank you so much for paying your rent on time every month and taking such great care of the property.As you can imagine, over the last year our expenses on the property have increased because of taxes, insurance and inflation etc (especially the HOA fee has been increased significantly).

Perhaps he is using disinformation to encourage you to remain an investor in NYS so he can continue to get commission from you as buyer agent.

Use your positive cash flow to pay down/off your remaining 20% principal over time.  

That means that inflation and maintenance eats into your profit margin.We personally don't look at 1 or 2%.

It is being foreclosed against an estate, and the amount to be raised/remaining on the mortgage is $30k.

Just watch out for his advice on the dollar, inflation and gold.

A wraparound mortgage  - This is a variation of a seller second mortgage wherein  the seller remains obligated to pay the underlying first mortgage and continues to make payments on the first mortgage loan,and the buyer makes payments to the seller on a new mortgage loan that is subordinate to, and wraps around, the first mortgage.