Cohen Highley, the firm that I mentioned, has a partner who specialises in complex cases, then some junior lawyers and then finally a group of paralegals who do most of the representation of clients at the Landlord and Tenant Board.

Any overage created by bidders going above the amounts owed to you goes to (a) junior lien holders, (b) owner of the property or his heirs when owners are dead, or to the party the heirs signed the property over to prior to the sale.  

I'd expect he'd end up with (something like) 30-35% of the redevelopment side, and 50% of the brokerage side (which he'd be starting).I'm hesitant to give up a big chunk of the future businesses, which I wouldn't have to do if I hired a normal employee, but I'm confident he'll bring a lot more value to the table than a typical person would.What have your experiences been with having a business partner and/or bringing a 'junior partner' type on after your business was already established and doing fairly well?

I began taking classes my junior year in high school while juggling school and varsity soccer.I sold my first house for $580,000 just a month after graduating high school at 18 years old.

Hi @Robert Murphy  welcome to BP.Analyst is a good entry level position and some brokers might even offer you a junior associate position right off the bat for commercial real estate sales.If you're not already involved, start checking out NAIOP and the International Council of Shopping Centers (ICSC).Best of luck!

Sometimes the foreclosing lien is a junior lien and the value of all liens exceeds value, so another situation that would call for a short sale.

Other plays: buy the junior debt, control the equity, claim surplus, etc. 

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.

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

.- 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 !!!!