Hi Marlin,We have 2 daughters living in Lynchburg, one just graduated and the other is a junior.

While I am sure this topic has been discussed, for some reason my search of bidding guidelines for notes has not yielded any information other than for bidding on HUD homes.I have traditionally focused on NP junior liens.

My dad was always interested in real estate, and I wallpapered, tiled, painted, did yard work, etc, all before leaving junior high school.  

The only time you'll see a lender bid over the total debt is when that lender is a junior lender behind a foreclosing senior loan and they are bidding to protect their interest.

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:HOA or condo feesCode Enforcement for debris removal or mowingDemolition or Environmental Based LiensState child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgagePersonal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgage

Genrally, assuming it's a first Mtg being foreclosed, all the other Private liens-junior Mtg.s, judgments, etc.that occurred after the Mtg being foreclosed was recorded-get wiped out.  

Again look here on BP and to your REIAs for recommendations and referrals for good title companies.Also, any proceeds from the sale go to junior liens and then to the borrower.  

A college degree has nearly become a necessity in today's business world and will serve you proudly and greatly in your future endeavors, whether or not the job requires a college degree.By the way, what year are you in--freshman, sophomore, junior?

Rates are $175/hr for junior partner and $250 for Senior.

But when I stop working the W-2 I do not want to be reliant on my fixed military retirement, 401k and SSA income to continue the life or better that I have now.And my grandmother passed at 94 and she was as sharp and fun loving as anyone her junior.