The offended parties are the owners who lost it ( if they had no junior liens or judgments) or any junior ..The First Lien holders that are the ones foreclosing 95% of the time are not entitled to ( at least in the states I work in) to any money above their stated opening bid.Overages at the sales are handled different ways in different states.

Let us know how it works out - I would love to create a stacked financing with my own personal taxable funds taking the senior low return position and my IRA taking the junior high return position.  

Im with you in encouraging the new bidder to determine if property is occupied and if so, by owner or tenant as it affects the eviction timeline, hence the budget.To be candid, should you ever see me at a foreclosure sale, for instance, it's because I'm either trying to protect my junior position or assure over-bidding, perfect title (via foreclosure) or liquidate an asset for which I've determine a trustee sale is the preferred method.

It seems we'll have a pretty junior bunch.

I make this recommendation after putting 5 kids through college, all of whom lived off campus during their junior and senior years. 

As mentioned above, typically when a junior lien forecloses, any surplus goes to any subsequent junior liens then to the owner. 

(I purposely did not mention my local community college, Joliet Junior College because JJC is credited as having established the first community college, and they would likely know that.)"... you probably want to find a CEO who is a bit more in tune with the educational system he's competing against."

Second, think Family/Members vs Roommates.Room size and occupancy/room aside, families are cohesive and sometimes junior moves back in - - so what.  

Now mortgages and other junior liens will fall away on a tax lien sale, but normally the mortgage company will step in before it gets to that point and pay the taxes themselves.Most states also have redemption periods for these types of foreclosures.

Junior Matthews Look at your exit strategy, not your personal preference, 3-5 years flies so fast you won't even know it.