Banks with a junior lien have to bid on the foreclosure by the senior lien holder, and those junior lien holder banks are third parties to the senior lien holder's foreclosure action.

One may want to look at the gold mining companies, in particular at index ETFs.Today, junior gold mining ETFs are way underestimated: indexes are still at the level when gold was 1/3 as it is now.

Even if they're junior to the first mortgage, the HOA can still foreclose.

The new loan is junior to any existing loans.

I've never heard of the Cubs I think it's a high school team on Chicago's north side, junior varsity.

To pack them all up to move 1,000's of miles away, removing my daughter from her Junior High and all her friends does not make it "possible" for me.

Anyone out there with experience of taking a property subject to after purchasing a junior note at a discount?

Junior lienholders will typically only do an exterior BPO and therefore the values are off.So it looks like your next step is to hammer the first mortgage on the approved price.

Is there a way to research for junior liens (judgments, mechanic liens etc) without going to the courthouse?

I am assuming you are an astute investor and that there is an inherent value in purchasing a junior lien that far outweighs any off-setting risks.