I had a realtor that push me off to one of his juniors and it was the worst experience ever.

@Michael Rosenson, you need to narrow it down, there are performing and non-perfroming, and senior and junior and each has its own rule of thumb, though I love the comment by @David Faulkner ignoring rules of thumb. 

If you purchased a first lien foreclosure (and it sounds like you did) then anything junior to that lien was wiped out.

Typically, a below market value price can be obtained and because the foreclosure process wipes out all junior liens on the property, the title to a bank owned property is assumed to be guaranteed clear and marketable.

The failure rate for small businesses is huge.If you are interested in a restaurant, motel, or other small business, I suggest that you get down to your local junior college and sign up for some small business classes.SBA used to offer some really super nuts and bolts small business classes.

I do California junior lien position business purpose loans secured by CA single homes .I am looking for an  an Inter creditor agreement between the the 1st Lien  lender and junior lender ,  whereby 1st Lien lender allows Junior Lender  to foreclose and not foreclose Junior Lender  out while Junior Lender is foreclosing.Where can i get a simple agreement stating these terms and other related terms for a new purchase money loan or where i go as a junior lender where there is an existing loan in place.

I am considering selling my property to the current renter for a discounted price and carrying a junior mortgage for them.

Some states, including here in CO, have redemption rights for junior lienholders.

You would probably be better off purchasing at the auction since it is this close already that way you aren't stuck with some junior mortgages and other liens.

We currently have plenty of reserves for our properties (6 months total for all combined properties for full total income) with a separate cash reserve to aquire a deal once the right one presents itself Best, Junior