Though that path splits into either senior or junior liens, each totally different, with different hazards & opportunities. 

Hi Everyone,My parents have a $200K junior lien on a house valued at about $1M. 

I've heard that this junior mortgage will get wiped out and that they will then receive nothing if that happens when it goes to auction.I would greatly appreciate any experts advice and guidance on this.

And for what it’s worth, an HOA debt Is superior to a second mtg or other junior lien.

It will not include multiple loan amounts unless a junior lien is foreclosing and has already paid off a senior lien.3.

The borrower may obtain one such postponement.ReinstatementDebtors may reinstate up to five days before non-judicial foreclosure sale.JuniorJunior lien holders may no longer redeem, so they may try to protect themselves by (1) advancing funds to bring the senior loan payments current, then foreclosing for the sums advanced; (2) bidding at the foreclosure sale so the price will be sufficient to payoff the senior and the junior liens; or (3) acquire the property by bidding at the foreclosure.

Downside I can see is that it might be a junior lien and get wiped out in forclosure/bankruptcy.Thoughts?

You will notice that even your reply you answered you own question to the mortgage liens.Quote [ Pursuant to Section 3712 of the Revenue and Taxation Code, the tax deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except: ] end quotefree of all encumbrances of any kind before the sale, except: What follows, the exceptions, do not list a mortgage lien as an exception so they are cancelled as part of the sale.Basically what is not cancelled is any lien from any governmental taxing authority.As far as the IRS redeeming a property, this would only be done when their lein is considered in a junior position to the other liens.

I had a question on the possibility of buying a junior lien and I must admit I am unsure where to start.

Very curious about this course and strategy. Anyone use this or have experience in investing as this course material talks about? Reviews and feedback would be greatly appreciated.