I first became interested in real estate when in my junior year of college, a professor of mine told us about how he bought a home at every base he was stationed and was making $10k a month.

If it's a junior lien holder, still, they aren't going to bid anything after their total debt but other bidders might get into a frenzy thinking they are getting a screaming deal (If they didn't do their homework about other liens).Even where its a run of the mill senior lien holder foreclosure, they still won't bid over total debt but, they might set the opening bid lower than total debt if their analysis shows the property to be worth less than total debt.

Title report via escrow on this property showed a junior lien taken out at the same time as the senior lien from the same bank (Country wide).

My daughter has one semester left before graduating college at the University of Arkansas.I spent much of my time raising my daughter because of my flexible schedule including softball, gymnastics, junior and high school band, daycare place, and piano lessons just to name a few. 

Mom and dad are probably footing Junior's bills and will be more likely to pay up to avoid a hit on their credit.

Generally, any junior mtgs (recorded after the one foreclosing was recorded) get wiped out.

I swear at times I feel like I'm in junior high school.

Wouldn't the junior lien holder also have this same option? 

@Tom Gimer  if the bid increase it goes to the owner of the property or next in line if their are junior liens bank cant keep anymore than what they are owed..

When getting a HELoan or HELOC, you are putting your house up as collateral should you default and that lender takes a junior lien position to your current mortgage and property taxes.