I completely understand NPN (especially in junior position) where you buy at a deeper discount and lower price point...get it back to Performing, hopefully getting a good down payment from the homeowner, a few payments and resale to get your principal and profit back in a shorter time frame.

There is an IRS lien on the property that is junior to the mortgage.

That is sufficient money to buy some first or junior lien potions across all performance categories.

@Junior Salters- Obviously its contingent on getting financing on the balance.

Junior Salters,I noticed that you said you were cutting back on expenses.Have you ever done a "30 day Spending Diary" to focus on how you might be able to save more money?

But, since this is Freddie Mac, they allow $6,000 Total from the sales proceeds for All junior liens, and buyer/seller are Not allowed to kick in the difference required, at the closing/on the HUD.

congratulations on your success Junior, may it only multiply.

Junior, if wholesaling is going well why would you not just focus on that with the additional free time you would have?

The administrator certificate proving she is the administratrix, a discharge notice for a junior lien. mortgage statement says:unpaid principal balance: 121kunpaid advance: 3kescrow balance: 15kI checked the public records and confirmed that there are no other liens and that a pis pendens was filed In April of this year. 

I'm about to start a job as a junior appraiser for a CRE firm.