@Raven Walker I would not recommend anyone to buy property with tax lien because tax lien holder may start foreclosing process once the lien passes 2 year redemption period.

Once the now performing, modified note has a 12-24 month payment history, the note holder should have an asset with a significant capital gain.Note secured by commercial property carry rather light regulatory baggage.  

How is the county allowed to auction the property, putting me in the position of title holder, only for the bank to take it away with no recourse?

Just to fully understand things, in the unlikely event that one would foreclose due to ground rent; after a foreclosure auction, you would only get the amount for the lien that was placed on the property (for the undue ground rent), then anyone else like a mortgage company would get their portions, then any left over equity would be given to the property holder?

Hi Mike,Purchasing a 2nd position lien only gives you the note holder the rights to collect payments per the note and mortgage for that specific lien.

But I have close to nothing to offer as collateral, and no liquidity for a down payment.I would search for an answer to this question if I could think of the right way to phrase it in a search string, it's probably a stupid question, but here goes:Would it be possible to offer something MORE secure, thus making lending to me less risky, than merely allowing them to become the 1st position lien holder?

Where should I be looking to find the 1st lien position holder?

The state these are in also plays a major role as in some states you just be licensed to be the mortgage holder etc.

Hi everyone, I am new to the real estate game and have some questions on whether or not I should be worried about how this transaction went down.I was brought on as a lien holder after the property was purchased, and I brought $50k to the table to do renovations. 

I am engaged to beautiful women from Bogota Colombia we are waiting for her visa approval hopefully within the next few months.