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Updated almost 10 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Manchvegas, NH
  • Member since Dec 11, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Manchvegas, NH
  • Member since Dec 11, 2014
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Account Closed
  • Manchvegas, NH
9
Votes |
137
Posts
Buying & Selling Real Estate

first mortgage, junior lien foreclosures

Account Closed
  • Manchvegas, NH
Posted

im reading this book on foreclosures and it says. "starting off only buy foreclosures at auctions when they have only a first mortgage on them. once you get more experienced you can get into junior liens and construction mortgages".

why does it matter? once you add up all the liens wouldnt that kind of be the same thing?

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