If there were 3 people on the team the senior director might get 27k, the director 15k, the junior (new broker/agent) 8k.

If your bid was on a Junior lien, this gives you the chance to see that the more senior lien(s) won’t be getting paid - you don’t want to see that ;)

Anyway, the lien that is foreclosing is the most junior loan.

There is no excess enrichment.If the house doesn’t meet your reserve, you get the house and everyone junior to your lien receives nothing.

If not I tell them to move along to a junior agent few years in the business that will work on those terms as they are trying to make any sale happen. 

Quote from @Junior Francica: Quote from @Scott E.: NOI is $78,800. 

The wrap-around mortgage is a junior lien.

seems like the only optionnow you may be able to negotiate with the person who has the child support lien. or their heirs its an old lien .. they make take 1 or 2k and release it.I know my team here in PDX when we deal with these hairy deals they do wonders getting juniors to take minimal payments.. its all about working the phones and negotiating.and also Assuming the note is local to you.

When they put millions down to buy something they do not want the junior agent just out of real estate school or with just a few years experience working on small sub 1 million dollar commercial deals.So I have a very specific niche and clientele I focus on.

Wrap... we did hundreds of wraps.. and there is a DEED specific to these in CA.. called an All inclusive Deed of Trust.and in that document there is a notification provision that in the event that the first or underlying goes into default the junior ( buyer) is notified.. and further more there are provisions in that document to cure.. and to wipe out the sellers wrap equity if they are failing to make the payments on the Senior.. now frankly have not done one in years in CA..