You and Rick are correct that it's a pos property and not worth the time, but my curiosity and love of real estate detective work is having a hard time dropping it.

The 2% rule, often discussed here, peaked my curiosity as to what returns BP members seek and achieve. 

Account ClosedJust out of curiosity, Eric, I have three questions.1.

You want real motivation not just folks looking to get retail pricing or calling out of curiosity .

Thanks for the input just out of curiosity what does AFH stand for?

Calculating the mtg balance is an educated guess, if in default also….late fees, accrued interest, insurance placed, court costs, property taxes, etc. 

If not, no dues/assessments transfer to the new owner except for those that have accrued since the day the auctioneer said "SOLD".

But take this scenario:Property worth about $100,000$50,000 mortgage$10,000 lien that you purchased and accrued interest for a year, was not redeemed, and after the year waiting period (it's a year here in Kentucky) is up and you proceed with a foreclosure.I have trouble understanding that in a situation like this with such equity and value in the house, that your $10,000 lien somehow wipes out the $50,000 mortgage.

Out of curiosity.

Once total down payment is accrued, title transfers and I seller finance the remaining principal balance.