A bigger problem for a short sale is getting the junior lien holders to agree.If there is a junior lien, you might trying making an offer to purchase it at a substantial discount, cure the foreclosure then start a foreclosure from the junior position.

Shorted lenders are used to having to pay off junior liens, usually for 8-10% of their balance.  

I don't think I'd consider being paid to not bid as an investment strategy, but...if you can make it work, more power to you.Personally, I like the more realistic strategies of buying short sales, junior liens, REO's or partnering with homeowner and rehab.

If you could purchase the mortgage note from the bank, you could foreclose and clear the junior liens. 

Hi,I wanted to confirm if a 2nd lien or any other junior liens are wiped out after an HOA foreclosures?

Right now, I am a junior at a university and have a research project for a statistics class that I am in.

The 1st must notify and name any junior liens in the foreclosure action judgement.  

@Neha Wadhwani Assuming the loan the bank is foreclosing on is first position, junior liens will be wiped off of the title, including the IRS lien. 

She had a sticker of our local junior college on her car. 

I'm a junior and do everything online which allows me to work 40+ hours a week.