just out of curiosity, why can't your remove it?  

And two, it started my curiosity for real estate investing and sent me digesting everything I could about the real estate game for the last 18 months.

If you find that the property has some issues(overgrown, broken windows, etc) it might be worth a call to the city to verify if there are any outstanding violations as the fines can accrue quickly.

@J Scottjust out of curiosity, what happened were one to lose the PDF files stored on their hard drive (in case of a hard drive malfunction etc.)?  

Veronica, be aware that when you consider buying any junior mortgages or liens that the first mortgage note principal balance, accrued interest and all other sums due for it would have to be paid from the foreclosure proceeds upon confirmation by the judge before the second lienholder gets the first dime, and so forth for thirds, etc.

In MA and NH, we are not allowed to charge interest on accrued interest.

I am curious how you're shaping your offer just out of sheer curiosity, and how you will fund the turnaround to make it worth your while.

Keep in mind that most buyers of land will be investors so you will not be able to sell it for the full value as calculated by my technique.I am sure there are better ways to do this but I have never actually invested in vacant land so I just do it to satisfy my personal curiosity about land values in the various areas of Phoenix.

Nevada courts are also more cautious in piercing the corporate veil, although this benefit might not accrue to you if you get sued in California for liability arising from your CA rental property.

Now, if at the foreclosure auction the winning bid exceeds the amount owed to the bank (and all other lien holders in turn), then there is a requirement to pass along those excess funds to the defaulted borrower (former owner) as the accrued equity that they held.