Junior lien holders hold as many cards as the senior does in short sales.While the attorney drafted letter may have done a good job explaining what a HUD partial claim was, again, the 2nd can use the letter for birdcage liner if they wanted to.

Hello everyone,I have read many posts .. if not all for the last month or so .. but still quite not comprehend why banks are listing REO properties at market value ( at least in State of California ) eventhough I have seen some of these properties had defaulted loan amount plus the added costs of junior liens and legal fees included .. still much less than the listing price.In California, is it true if the bank sell the REO properties above the default loan values + legal costs and junior liens .. the excess amount will go back to the original mortgagor ?

Do you really want to be a junior partner in a property where you and your senior partner differ on what needs to be done and when?

@Junior Salters I am currently attempting to purchase a fire damaged duplex right now.  

If you are simply looking for a lender to be a junior lien holder, they will likely require you to pledge more collateral. 

I'd rather sell it to an investor who is looking for lease property as the family likes the house and has one kid in junior high and another in high school.  

I am in a junior position that will have me become an MLO in the next month or so.

I'm currently a Junior Mechanical Engineering major at UT - Arlington.

I'm a (very junior) C-17 pilot at McChord AFB in Washington, and while I'm active duty there are three reserve squadrons here that, if you interviewed with them and got accepted, you could live in Tacoma, still do RE investing, and do flight school for free.

And sometimes if there is big equity and no junior loan its best for them to let it go to foreclosure because we are in such a Heated court house steps buying environment that the owner could get a big fat overage check seen those in the hundreds of thousands...