Are you aware of the title search results....these must be done prior to entering contract, so you know if there are any junior liens you may have to contribute to, so you can adjust your offer accordingly.

If you have 3 guys on a team to split 40k it goes generally something like this.Senior broker - 20k, associate broker 12k, junior agent 8k.So as you can see the junior agent has to do tons of deals to make anything.As a principal broker with my own firm I keep it all minus business costs.

I purchased a piece of property from a bank that got title through a foreclosure via the first mortgage lien. There was a medical lien put on the property (vacant land now) 2 years prior to the bank foreclosure. My un...

The HELOC is usually junior lien, so if you want to provide them with a longer term mortgage than that is your decision.

I am a College Junior at the University of Michigan.My parents are selling our Rental/Vacation Home in New Hampshire, and looking to Purchase a Rental/Vacation Home in Cape Cod, MA.

At the time I was a junior in college with other priorities and a not-so-strong financial position. 

I am currently 20 years old and a rising Junior in college.

One thing I didn't see is who is still responsible for property taxes (the seller...who holds the wrap note....or the buyer who has the junior lien)?

H/o @Katie Pratt Gets Everything over opening bid as long as there are no junior loans.  

Almost exactly 2 years later, I was  a Junior at the UofA and had saved up $30,000. $20,000 from "House Hacking" and $10,000 from working side jobs.