Got myself into a sticky situation as the junior lien holder.

So I would just need the down payment to be under the lender's LTV, and the seller would be in the junior position.

I tried to go to Junior High and after a couple months the Counselor called me in and she asked me, "What do you want to learn in College?"

Its called being junior in possession in the industry. 

Any loans (known as junior lien holders) that were made after the one up for auction are eliminated by the foreclosure.

The first mortgage holder will show up and protect their interest to make sure they do not loose out.In short, unless there is so freakin much equity in a home, a junior lien will not force a sale.

“When the Governor signs these bills into law, almost every residential property in the state will be allowed to build three units of housing — including in areas zoned for single family homes.”Under AB 68, homeowners who apply to build accessory dwelling units, or “granny flats,” can also apply to build a second, “junior” ADU on their property — the functional equivalent of statewide triplex zoning.

It all depends on the operator, the project and current rate environment and what the investors are getting from banks etc. could be as much as 10-12 if rates were higher.wow that's incredible  to bring in big dollars like that for such a small return in a junior position.. 

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens: HOA or condo feesCode Enforcement for debris removal or mowingDemolition or Environmental Based LiensState child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction": 2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgagePersonal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgage

The offended parties are the owners who lost it ( if they had no junior liens or judgments) or any junior ..The First Lien holders that are the ones foreclosing 95% of the time are not entitled to ( at least in the states I work in) to any money above their stated opening bid.Overages at the sales are handled different ways in different states.