Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:Code Enforcement for debris removal or mowingDemolition or Environmental Based Liens State child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgage Personal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgageOther Judgments outside of the ones listed above  

You need to be able to identify your market, don't blindly select some niche and bang your head trying to hammer some system  out, be flexible so you can profit in any environment. 

if you want to discuss further please contact me I am looking for investors I am a contractor so we have the advantage cause we can complete the work ourselves and I am on location I hope to hear from you.

Know the market (s) you select and know it's best locations.Always do the analysis numbers on your hopefuls and try to look at the property before you make an offer or at least have a clause in the sales contract that gives you some time to inspect and possibly back out without a penalty that exceeds your earnest money amount.  

I was looking in Home Depot today and there seems to be a good selection.

And a very select few learn from it and put in the time and money it takes to source their own deals. 

This is the advantage of a REO.  

The reias are a feel good environment where the uninitiated  are often taken advantage of  by unscrupulous gurus pitching their endorsed expensive  get rich programs in investment real estate.

2)  They do have tenants in this house right now that have unfortunately taken advantage of them and haven't paid rent in close to a year. 

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.