I've been researching tax deed auctions recently, and I've noticed that there is a minority of properties that come to auction that do not get claimed by the lien holder, nor any investors at auction.These properties are then put into a category entitled "Lands Available", where they remain for a finite period of time (I think up to 7 years where I am from) with the city.  

Good advice from the "holders" in this thread.  

Hello All,Wondering if someone has advice for me. I am on the board of my building which is a condo and one for the owners has walked away from her apartment and owes the building and the bank 6 years of mortgage a...

have the owner or title company get in contact with the last lien holder to obtain a copy of the lien release.

However, many newbies don't realize is that you have to pay off All the other certificate holders to do this.  

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:Code Enforcement for debris removal or mowingDemolition or Environmental Based Liens State child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgage Personal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgageOther Judgments outside of the ones listed above

The property can be sold, but the lien holder will have a higher payoff amount and you might be better off negotiating the lower amount as a sale price.

We require her to carry the insurance and the insurance company has our LLC listed as lean holder so they will notify you if they don't pay, cancel or change coverage.We have next to nothing in the property and so the cash flow is nice.I would recommend this niche of the real estate market because the price of admissionis so low.

I also believe the changes go into effect next year and will cause a lot of mortgage holders to now be in a flood zone and they will be obligated by the banks to pay that high flood insurance to FEMA. 

Well I would contact the senior note holder if possible and see if you can buy their note at a discount, else wait for the FC auction.