There are multiple junior liens that would be in line to collect the excess funds they would have gotten in a proper auction.

The agents or their brokers might be willing to get paid via a promissory note and junior mortgage on the property.

The way most accounting firms operate is that the "preparation" of the return is done by a junior employee in the firm(those with 0-4 years of experience).

In my view, this type of junior loan is particularly unsuitable for an IRA investment.And getting behind a hard money loan is particularly high risk whether or not you are doing it in an IRA.

I have a daughter at University of Arkansas and another living with me as a junior in high school.  

Trying to do my job in the Navy as a Nuke Electrician while trying to invest in real estate, especially if you're more junior to your team. 

I foreclosed on a junior loan I had on a underwater property in Southern California,took it to public auction and no one bid so it went back to me,then evicted the previous owner.

I used to jump from roof to trampoline back in junior high at a friends house.Lots of fun.Sometimes we got hurt.

From what you wrote I think the most likely scenario is the junior bid on this property.

I am a 'freshman' with junior-entry credits.