Yes- the junior  liens very often will allow a "short sale" to satisfy the lien ( depends on whether Auction.com is doing the crying), you must buy Title insurance to make certain the title is clear.That said, here is what happens at the auction.

My only real exposure to real estate is a few books that I've read on the topic and I was actually referred to these forums by reading one of Brandon Turner's books and this looks like a great place to begin my real estate education :)I'm just your average guy that is fed up with a 9-5 job and looking to become financially free in my future, but even more than that to get rid of the boss and free up my time to do the things I enjoy most, so I guess you can say I am highly motivated to look into this new venture.My present time goals are to educate myself about the real estate world while connecting with those who are where I want to be and hopefully finding someone who can mentor me in this area.And my next goal after that would be to acquire a multi-family home here in Orange County that would allow us to live rent-free or cheap in the same home.Thanks for stopping by.

Any junior liens or judgement get wiped out, though they may have some redpemption rights (they do here).

[AFFILIATE LINK REMOVED BY ADMIN] He is being endorsed by our real estate club president's mentor here in Los Angeles.

I recently heard from one of my mentors that with the market the way it is, he said he would put the starting price at 25% below ARV.Just curious also, but how many other 5 day auctions have you done?

Right now though I just do not know where to start as far as what I should know (Vocab), Connections, Mentors who already invest, and the mind set.

Has anyone experienced enrolling in the Chicago School of Trading options mentoring program?

.- Up to $3000 to junior lien holders for release of their lien.- A minimum of 90 days and up to 1 year to market and sell the property.- No foreclosure may commence during the marketing period allowed above.- Servicers may not lower agent commissions after an offer is received.- Standardized paperwork- Servicers may not charge borrowers fees to participate.- the Short Sale Must Fully Discharge the borrower !!!!

But I got an email from her(how she got my email I don't know)that she's offering free commercial investment videos which will probably lead to her offering $30K for mentoring/partnering again.

What about getting your RE license(a lot of the topics you listed will be covered in depth at your classes), go to some REIA meetings in your area, ask a lot of questions, build relationships with some of the attendees and perhaps get a mentor, read a lot on BP......I think if you do all this, your cost will be FAR LESS than $12,000.Its just a thought.....