It's junior to the bank debt.

Don't buy a junior lien at a foreclosure sale.

She has gained a two-year head start toward whatever she chooses to do in life, and will likely transfer to another college or university as a junior at age 18 to finish her BA degree.

If there are junior liens then you can buy the note, forclose and wipe them.

Then during the time you were under contract, the house went to sheriff sale and ownership of the house changed hands.Here in NJ, even if the bank agreed to your short sale offer, it would still be junior to the foreclosure in play.

It has total notes as follows:160-170k 1st80k 2nd6k 3rd for a total of 246-256kHow would you go about negotiating with Junior lien holders assuming this park will not sell for more than 80% (if that) of tax value given what I know about my area?

BEFORE you go any further see if that price is approved by the senior lender AND all other junior lien holders already and NOT just the seller.If it isn't you don't really have anything yet and the 500k isn't concrete.So call that listing broker or get you a buyers broker to research or you can call yourself.

You will need a servicer for both, and some knowledge going after the non performing ones, which based on Senior or Junior, have completely different workout strategies.

Liens recorded after the recording date of your mortgage lien are junior and can be cleared in a foreclosure. 

Jump forward to 2010, my then boyfriend and I moved in together to a rent controlled building into a junior one bedroom.