Also, if you did intend to foreclose, it can be even more effective to buy an assignment of any liens that are Junior to yours, at a steep discount. 

People very junior in the industry2.  

If I had started my junior year, I would be so much farther ahead than I am right now.

If i can't, how do i know all of the junior liens have been notified and the proper process followed?

I was wondering if anyone has any hands on experience working with a bank to pay off the first lien on a property after they have bought a property at a foreclosure on a junior lien.

Let me explain my situation:I am currently entering my junior in college.

@Ryan SnelsonIn almost all cases county tax liens eliminate junior liens as to your interest in the property.

We would work as the multifamily (senior/junior broker) team.

That said if you're buying a 2nd position note make sure you have updated information on the status of the 1st as interest/late fees could add up fast and quickly erase your equity as a junior lienholder. 

It has a Department of Revenue lien (on a junior position) that brings our cost of acquisition higher that we want to pay for the property.