In situations such as this, the lender bids in at the balance, wipes out any junior liens, and the property becomes an REO.

I recently graduated and have been working as a Junior Estimator for about 8 months.

Unless you're willing to do a riskier deal and take a junior lien position. 

We own several rentals in an area of our town called Midtown Revitalization District. this district is sandwiched between 2 major hospitals and a junior college.

@Junior Correa with a conventional loan you will be maxed out at 70% loan to value on an investment property.  

Junior liens get noticed and if they don't step up to protect their interest, they will get wiped out at sale by any senior lienholder. 

I see it on commercial deals, and there are residential real estate investors in my network who support each other in this way as financial friends.One could also:Seek a private money lenderOffer the co-signer a deed in lieu of foreclosure to be held in escrow in addition to the junior lien Have someone else buy the property so they control it, then lease option to youOffer the investor an equity position in the property so they share in the appreciationGlad it worked out.

Controlling a large asset with a small investment via a junior lien creates a great deal of leverage. 

This is assuming the HOA lien is junior to a mortgage which would be foreclosingBest to get an attorney in the state.

I’m currently a junior in high school and I’ve been listening to the BP podcast for about a year and I’ve also read a handful of books on real estate and I think I have a pretty good grasp of the overall idea.