We found a lender who was all set to do the deal.We were under contract, hired lawyers, incurred that expense.We paid lender fees, to cover third party reports, etc.Between me and my partner we were into this property for at least $20,000 each, all things considered.Just before the loan rate locked, the lender sent down its junior underwriter to look at the deal and do final approval.  

Originally posted by @Junior Soares:@Michael EalyI'm not on your level yet good sir but would love to share my best deal Thusfar.

Having said that, the answer to your question is most likely "no" because if a law was passed that allows for essentially doubling the density of a multifamily lot, everyone would've heard about it by now.I'm guessing the most you'll be able to do is add a Junior ADU (small ADU that must be attached to the main property) plus a conventional detached ADU on the same lot.

I grew up in an area where high schools, junior high, and elementary schools were separate.

Much will depend on who actually owns the loan(Fannie, Freddie, FHA, etc) and if there are junior mortgages/liens to be dealt with, and who they are.

Hi Tara,I am a rising junior at the University of South Carolina...I am definitely interested in receiving more info on the homes.

The Mortgagee will be paid what is due from the sale proceeds and any overage from that amount will be dispersed to junior lien holders then the borrower.

There is always an order to liens and mortgages on a property and some are "senior" and some are "junior".

There is no owner redemption period here, but junior lienholders do have redemption rights.

I ran into my old junior high band teach turned realtor/investor and he sent it to me last night.