If foreclosure was initiated you should of received notice as you are a lien holder.

One of the best ways around this is to become your own broker; have you thought about marketing to seller finance note holders?

All food for thought.

Jen Simbolw you may want to consider starting with REO properties which you can inspect vs. auction where it is sight unseen and may have title issues.At an auction you also have to be very careful to ensure the senior most lien holder is initiating the foreclosure.

After putting the plane in the hanger we all went to a great Mexican food place for dinner and margaritas.

Actually, those that purchase in brokerage circles, or directly from the holder,  NPNs or PNs that don't understand how and why a loan was originated and how it was underwritten and who can't underwrite it under it's current condition isn't an educated investor, but a gambler. 

Misleading any investor or lender by the way can be fraud.Maybe it's a seller puffs up the books, maybe a borrower tries to show more than they have, maybe a note holder shows higher values to influence investors to jump into their investment pool.       

Just like a manager at say a fast food place, if the employees are falling behind, you step up to the register and fill in.

You are over-analyzing and parsing words from a 2-sentence side note I made in like an 8 or 9 paragraph post...something I was just throwing in as food for thought, not trying to re-write the rules of national and international commerce.This was intended to only be posted to my Bigger Pockets blog, but apparently my assistant posted it to the general postings or something.  

Just food for thought :)