Given what you've written, if this special proceedings were in NC, the HOA lien would be a junior lien to all home equity loans and the first position mortgage per NCGS 47C-3-116 (c).

Sale price: $162,448 Complete remodel from head to toe directly across the street from the Webb City Junior High!

The first mtg always does, and if the hoa doesn't name any junior lien holder (which they never do) those will remain also.

Secondary Financing: A loan secured by a mortgage or trust deed, in which the lien is junior, or secondary, to another mortgage or trust deed.

Taking in what I do know in my limited knowledge, one route might be to buy a performing junior lien off of FCI Exchange in order to actually get some paper in my possession. 

In response to @Junior Salters original question: "I currently want to get to a place where I am comfortable syndicating a deal and doing the larger multifamily 40 Unit + deals because I do love the sophistication and numbers behind it.

@Junior SilvaMost finance groups will want a personal guarantee when you are looking for credit for a new LLC.

Hello All,I am a junior at the University of Maryland studying business.

Over the last 2 yrs. it has gotten easier and easier for Mortgage Brokers to take deals away from banks.Kinda feels like being Michael Jordan, back in his prime, walking onto a basketball court with a bunch of junior high school players and having the ability to completely dominate!

I could write a few blogs on the broken educational and corporate system topic alone.If junior wants/needs a car, he’ll need to work for it.