My name is Emily Sawchuk and I’m a Junior at the University of Michigan studying Political Science, Philosophy and Economics.

In a declining market, a junior position when CLTV is north of 65% is likely out for any sensible lender.

@Roger Pokorny,The liens which are junior to the one foreclosing should drop off.

The junior box to big box spaces that are 10,000 sq ft to 100,000 sq ft can take 6 months to 1 year to fill sometimes.An easy solution for junior box is to put up demising walls and lease to the 1,000 to 3,000 sq ft tenants for higher rents. 

But one portion of the state’s laws that the Nevada Supreme Court did not address is whether supposed junior lienholders, including mortgagees, were required to be notified in the event of a super lien foreclosure.

Meaning, only juniors can redeem seniors.  

Being that I'm a junior in college and do not have a bank account with several zeros attached to it and a credit score similar to gas prices.

Whenever you're buying a junior lien, you're taking title subject to senior lien(s). 

Did you buy out the first position loan or a junior lien?

You freeze a lot of cash for 6-12 months and there is ALWAYS a chance if a property has a lot of equity an owner will redeem it, or another investor will give an owner $1000 and file a lien against the property and become a junior lien holder.