On a quiet street, a 10 minute walk to a major metro line and a 20 minute walk to the heart of the city and one of the most popular restaurant/night scene neighborhoods.Up for Sale: Bank foreclosure condoThis is a "junior" 1-bed, ground floor condo with 1 parking space and a back and front entrance.

I hope we arnt going to have that junior high explanation of how marginal tax rates work

Usually some kind of gross lease is used.What the property is worth and how it can be financed depends on the strength of the tenants credit and who is guaranteeing the lease and terms for primary ( years ). 3,300 space is almost  a junior box size.

If you tried to foreclose on them, your forclosure would have to be subject to existing liens, and you would be a junior lienholder to the bank that holds your original mortgage.

You need the end buyer to sign a promissory note that will be secured by a junior lien after closing.

As a senior in high school I got into the mortgage industry as a junior loan officer and fell in love with the atmosphere of my work place, the money I was making, and the fact that I was helping others achieve their goals.

Here its quite short and the only redemption rights are for junior lienholders.After the auction, the highest bidder owns the property.

We were juniors and seniors by that time.

Taking in what I do know in my limited knowledge, one route might be to buy a performing junior lien off of FCI Exchange in order to actually get some paper in my possession. 

I do occasionally bid at sale to protect my junior line position.