Only the mortgagor may redeem the property, not a junior lien holder.

I'm not sure what I what do if I had purchased this property via trustee's sale on a junior lien.

I took a business law class at the Junior College, then decided that I'd rather invest in real estate than go to college.

High LTV loans generally have less voluntary encumbrances which means less work for securing releases from junior lienholders.

You have 2 main players if there is not any junior liens on the property.The lender on the loan and the owner.The banks DOES NOT own the property with a short sale and is merely agreeing to release their interest (lien) on the property for a discounted payoff.The owner of the property has to agree and go along with the price and terms the bank accepting the short sale wants.If both do not agree then the terms and price and conditions go back and forth until they settle or the short sale doesn't happen.So a seller can want to sell to you at your price but the bank doesn't agree or the bank agrees to sell at your price but the owner doesn't agree to the conditions of the sale the bank wants.So without both on board you have nothing.

To get into deal flow faster, you should offer to be a junior to a more experienced broker in your office in exchange for a percentage of the fee.

There are no junior liens that would be reinstated if owner redeems.My Question: Since owner will need to use my cash (purchase money) to redeem the property should I hire an RE attorney, or can I find a title company that knows how to do this?

If junior lien holders and those of record interest at least one day prior to sale file claims for over bids, trustee will determine if no conflicts appear to be present and if indemnification agreement is sufficient.

After I buy a junior lien on a residential property facing possible foreclosure from the senior lien holder.

Here in CO, junior liens have redemption rights.