I knew not to be a typical stupid junior enlisted and buy stupid things, so I got half way there, but I didn't take the next step and put that capital to work.

That would make you a college junior or a senior.In reality, I've yet to encounter that 'in the wild.'

Hi Bigger Pockets Community,My name is Frank and I am a junior in college studying Accounting.

I'll try to lay out the information simply, then ask the question.House was purchased for $565,000 in 2004Original loan for $423,750 is foreclosing and selling the house at auction next weekThere is also a junior loan from 2014 for $567,848My question: Is the junior loan a refinance?

Quote from @Michael Junior: So I have an offer out on a flip in San Marcos CA.

I am currently a junior in high school and as i am graduating next year i am curious as to becoming a real estate agent and then after establishing myself using the commissions to fuel my investing.

The steps in between, the investor requirements to the servicer, the minimum net proceeds, the treatment of junior lienholders, the maximum timelines allowed may be different but the foreclosure process is the same.

Best,Junior

 I'm a junior in college majoring in Finance.  

Good input Jeff S Na My thoughts were:1) Borrower has less skin in the game to the extent of the junior liens, thus less motivated to solve problems and get things done, (s)he may actually have all his/her cash back.