After all, they cosigned for a couple loans when I was just a junior sailor in the Navy.  

The foreclosure sale wipes out all junior liens to that mortgage, but you need to be sure that sale is for the first mortgage foreclosure. 

It was about my junior year in college when I first got interested in real estate, so great timing!

Hello all, I am from the Pittsburgh area where I am still in college working on my junior year at a mechanical engineering degree.

California allows creating a JADU (junior accessory dwelling unit) up to 500sf carved out of the existing house and a separate ADU up to 1200sf that can be a garage conversion.

That said, if there is no recorded junior lien, there is nothing to wipe out; and, if there is a recorded junior lien, it will be extinguished.Regarding the money... the first lender has already been paid the funds represented by the partial claim, so the foreclosing lender (not the auction purchaser) will be the one paying HUD.

If the vendor is carrying a smaller portion of the financing - say 10%, enabling the purchaser to make a downpayment of 15% rather than 25% - then the purchaser would offer a second mortgage to secure this financing and it would be registered on title junior to the financing of the primary lender (i.e. in second position).

How's your credit, @Junior Shay?

@Junior Shay excited for you to get started!

If it really was a TAX auction, and not just a judicially ordered sale, it wipes out all junior liens.