Someone told me if a junior lien holder is not named as a defendant in the foreclosure final judgment then their lien could survive the sale and I could potentially buy a property that still has a 2nd mortgage attached to it.Does anyone know if this is true?

That's one "hedge" I'm investing in, but very pragmatically.I'm working on a precious metals thing but not as a holder, as a flipper.

Luckily, I saved the thread:Originally posted by David Beard:OK, new buy-and-holders, here's what I've found out on investment property limits for largest US lenders.

Usually its still owned by the current mortgage holder but occasionally it belongs to the bank.

However, in many cases, the note holder (usually not the bank) has final say in such things and have already informed the lender through an existing loan servicing agreement that they should allow the default to be cured.

Some of the other things you listed they will not be able to pull up for you: I have seen title companies have current finances, interest rate, type of loan, date of transaction, title holder, and finance history!

I teach them about their credit reports, disputes, and help them settle repos with lien holders and setup payment plans to satisfy the amounts.

It should be another GREAT year for MY Angels (19 years season ticket holder)

After one year, you are eligible to bar this right of redemption and obtain clear title, cutting off any of those prior interest holders, but it is not automatic.

We're forcing the holder of the EMD to execute that clause, which he is.