However if it is under water the bank might bid up to the property value or less to entice third-party bidders as they generally do not want to own the property. yes if you win the bid with no lien surviving, then you should have clear title.

Chris in CA  and with a current RE Broker license you May bring in up to 10 parties to a fractionlized DT / mortgage / note WITHOUT any PPM reg A reg D. the broker uses the CA real estate agencies disclosures for these transactions over 10 and yes you need to then move to some sort of PPM Reg A B C D or what have you.. this is HML i started in back in the early 80s every loan we made was fractionlized. 

Don't get me wrong: Your agent should explain the terms and conditions and ensure you are comfortable with what you are signing, and they absolutely should make sure all parties understand the timelines, key dates, and deadlines. 

@Jade BryantAre both sets disgruntled or just the evicted party?

Hardest part is starting but you are on a good path.

I use 3rd party apps that have a better layout. 

I too am pretty good with the math, so that part I feel pretty good about.

The interesting part is that this property:1.

But isn’t that…“Real estate agents must make a “reasonable effort to ascertain all material information concerning the physical condition of every property for which he or she accepts agency” and disclose this “to their client or principal and when appropriate to any other party to a transaction.” ??? 

Most note investors outsource the work including having a licensed 3rd party servicer.