@Michael Junior Hey Michael, is the property going to cash flow for you?

I know that in California, specifically San Diego, cash out refi's are happening all the time after junior ADU and regular ADU's are built.

Depending on the property & the college students, I would be more comfortable with renting to juniors and seniors.

The reason why the first lien holder does Not get paid, is because any lien holders junior to the foreclosing lien get wiped out, so they get paid from any proceeds.  

Thanks for the shout Junior. 

I'm still a junior investor, but as I grow and have the time to build relationships elsewhere, I will eventually move away from Baltimore because of the crime and headache factors. 

You will have to foreclose on the property, which is a good idea-since tax sales are "buyer beware", and you want to get rid of junior liens, if any.

Just like investors would not buy a certain property because it appears to be a dog the broker/agent should put systems in place to create many leads so they can funnel it down to their exact target business criteria and throw away the rest.Some brokers have junior agents in commercial and throw the flaky and over demanding buyers to them.

If they have a house worth $100K and owe $1000 in taxes there is a 99.99% chance there are one or more liens on the property and your "lien" would be junior to these liens.

On the other hand, if those assets are leveraged, any award in a lawsuit is still in a junior position to the original lender, making those assets much less attractive, particularly if there is a decent amount of leverage on them.