One often overlooked but important item as mentioned is finding out about additional junior liens Before making an offer.

As a general rule, all "junior" liens get removed at the sheriff's sale.

That's where I went to junior high and high school! 

As of now I'm working with my junior realtor (close friend & new to the industry) to source a property where the rent income will be able to cover debt service and operating expenses all while living in one of the units (therefore, removing the rental income of that unit from the equation).

I played major junior hockey in the "Q" (for anyone from Quebec or the Maritimes) for four years so started school a little late but am happy to have a full time job starting this month.

Junior lien came up in title report.

No profit or loss on this transaction since nothing has changed with property in the few weeks since sale.Here is the concern:There is an IRS lien on the property junior to the foreclosed loan, so the IRS has a 120-day right of redemption. 

My first job as a junior in high school was telemarketing for that company and I’ve had at least one foot in lending ever since.

If your local laws indicate that a mortgage lien is junior to a tax lien, the trustee likely made a mistake. 

The amount the junior will get is determined by the investor on the first.