I learned the above from a RE attorney and a senior title officer when they presented a session on OR foreclosure and tax regulations.

There must be something terribly wrong when seniors in college and graduate students get that confused.

Bottom lie I think your going to eat this one. hang in there. prepare for the worse and hope for the best.I just met a guy that gave $18k cash to another guy that promised him 12% return. well long story short this highly educated senior electrical engineer is out $18k. with no contract, or collateral he is out of luck.

If the IRS puts a lien on the property later your tax lien will still be senior to the IRS lien.

Worse would be to sink money into a property and then find out that someone has a senior claim so they get your improvements for free.Do better deals so there is margin to pay for a property escrow.

HiIve been reading around here a bit, but not a lot of posting...and now I have a question/story.A few months ago, I bought a small 2B/1B home in a senior area.

What do you think about looking in Senior areas and/or student housing?

There might be other liens on the property (senior to the lien core to the foreclosure).You need to research the situation to find the present owner.

:mrgreen: Now, the reason i dropped out (just my senior year) is because i completely lost my confidence in the formal education system.

I don't see a mortgage originator sneaking deals through without notice, especially since it is customary to notify a senior lien holder when doing subordinate financing.