Only thing though U want to do this through title at least pay for a title report when you do a deed in Lu your taking title subject to all things on it.. and there could be junior liens or loans to you.. that if you carry through with the foreclosure they are extinguished.. so do check first.then if that's clear make a deal with the first.. your either going to end up owning it.. or maybe the greater fool theory will play out and someone bids it at the sale and makes you whole.. or you can lower your opening bid to make it enticing. you don't have to start your bid at 1oo % of what your owed.. during the crash I did this often I knew at 100% of what I was owed I would end up owning it.. and having to deal with it.. but if I lowered my opening bid to just get my principal back many times it sold a the sale. and I did not have to deal with it past that..

Although, they will market these properties when they come across them but they are usually handled by the junior people in the brokerage. 

Our (very seasoned) real estate attorney said that he had just closed a $12million dollar deal that wasn’t NEARLY as complicated as this one, and he brought one of his new junior associates to the closing as a learning opportunity.

When an agent approaches me and says, "I have a deal where you are the junior lender, the senior is a government loan and is capped at $6,000 for subordinate lien holders.

During my junior year in college I learned about being a Real Estate Investor.

Normal could eaisly be a family of two pulling in 300+ yr as junior people or more senior person and one stays at home.The right property in the right area will go fast...

From what I know, the common process of financing in the real estate development is like this:https://cdn.corporatefinanceinstitute.com/assets/p...But what if a junior developer who has less job experience in this field than any others and is trying to develop a huge scale of townhouses?

If the former then you needn't worry about title as the foreclosure would have wiped any junior liens and the lender SHOULD have disbursed any remaining clouds on title. 

I find that most lenders don't like having junior lienholders behind them; they all want to see you have equity in the game. 

I know a 1st lien is superior to the junior, so why is it brought up, and why the vendors lien.