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 !!!!

I am a junior at ECU in Greenville NC.

Junior liens are not automatically nullified.

In FL the HOA has the right to foreclosure just as a mortgage can; however, it is junior to the first mortgage.

We are both stuck is my interpretation. thanks, MattIf a foreclosure of a superior lien position occurs, all junior liens are extinguished (debt still remains the responsibility of the original debtor) provided proper notice of the foreclosure was given to the junior lien holders.  

Under that process junior lien holders have a very short window (something like 7 days or less) to pay off all creditors ahead of them (e.g. 2nd mortgage pays off the 1st).

You could try to buy that for cash at a discount if it's a smaller bank and then foreclosure to wipe out the junior lienholder.Are you trying to get a loan or pay all cash?