I've been searching for an answer, but I've been getting mixed information. When you go to the courthouse and bid on a foreclosure is your bid paying off that loan? So if there is only 1 loan and it is being foreclosed on, that property will be clear of that mortgage? 

@Brooks Hunt you are correct, "That Loan."  However if "That Loan" is a second TD then you mush assume the first.  Make sure it's the first that you are working with that will just about wipe out everything behind it.  You must always pay delinquent property taxes and Federal Liens, so check with a Title Company.  Be careful.

Good Investing...