I would consult an attorney about whether or not you are obligated to work with the junior lien holder when the DOT is not recorded. 

@Elena Koyun  I'd advise steering clear of short sales unless you literally don't care when you close and you're prepared to come up with extra cash on short notice if a junior lien holder demands more than was initially agreed to.Example from the last short sale I did:  1st lien was BofA, second was Chase.  

If there are junior liens it may be best to wait and participate in the auction.What your seller may be referring to is that the lender cannot produce the original note.

@Michael Junior tile.... if done correctly, itll last decades with little maintenance

Junior

Might be an estimated sale date but again, sale has not been set more than likely.Depending on who is foreclosing, all (most) other liens are wiped out, including junior liens.

The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior mortgages already secured by the property.Each has advantages and risks so study up on them. in a subject to if the lender finds out that a new owner is in place besides the original borrower this could trigger the "due on sale" clause that is in the loan origination documentation when the borrower signed the papers.Just a few things to think about.

My friend and I currently juniors in college and were interested in purchasing our first rental property using an FHA loan.

. $73k that she is stealing from me, a junior agent, just starting out, through commissions she is keeping despite promising me, in front of our broker.How is an email from her, promising to pay me, not a binding agreement? 

Junior