I've attached a pic with some details on the HomeStyle loan.

So their attachment to the property is clearly very strong.

You should be able to find a simple interest calculators online that will show you the result of doing it this way.Not all lenders provide this; some attach a checking account and you would then manually/electronically transfer your income into the HELOC and the monthly expenses out of the HELOC into the checking account in order to pay expenses (this is referred to as a 'sweep account' to use their banking terms).

A community pool area will be attached..... 

Please see attached Flip Calculator infor.

Also attaching image here for others to view. 

Purchase price: $80,000 Cash invested: $9,000 this was the first piece of property o clock to build up my buy an island by second piece of property join mortgage together and I am not working on buying a third piece that is attached.

This means no strings attached (refundable, paid at closing, applied to purchase price, etc).How much is the consideration he is willing to pay you?

First they need to win the lawsuit, then they need to attach your interest in the property (depending on how title is held this is not automatic), and then they need to levy/foreclose.

Attached are updated pics.