Let it be known if payments can't be made because expenses remain too high, things go away.

@Mark ElliottThe property is outside of city limits and remains under the jurisdiction of the county.

As far as your first question, I can't say for sure because I don't know enough about foreclosures/bank owned properties, but I believe they put homes on the market to recoup the remaining balance on the loan, not to put that remaining balance on another buyer..

But I would say that to me this seems to be a very unprofessional approach on the part of the agent to, in essence, try and intimidate you into remaining silent when you established a connection with the sellers that could have benefitted you.

Still, the 2% rule of thumb remains achievable in most of Baltimore. 

Both Ohio and Nevada have great opportunities.I will add this "Credo of Real Estate Investors" to inspire you not to quit in the middle of your 12 month commitment to yourself, your family and to me.And remember my conditional guarantee:  If you remain coachable, implement the training, do the marketing, network at REIAs, practice the negotiation skills with sellers and buyers and agents, get off your butt and off your computer, talk to people every day about being private lenders  and JV money partners for your business, talk to me 2 hours per week for 52 weeks, etc, another words implement the training I give you, and for any reason you do not recoup your $7000 training investment with me over 12 months, I will refund your money AFTER 12 MONTHS.  

But I'd happily remain dumb if I could undo some of the deals I've done.  

What does lenders expect a consumer to do with their remaining 60% of income?

Pay it when your mortgage is due :) If you ever pay extra pay as close to that paydate as possible as interest accrues based on balance remaining.

As we told you in your other thread, the first mortgage remains attached to the property.