I am just getting into real estate right now but just wanted to share briefly because I found myself in a VERY similar situation.I was a biological sciences major at Clemson and realized my junior year I wasn't going to follow that route.

Junior trust deed lien holder forecloses; note owner of the senior abandons property, senior loan is delinquent, property value upside down.

At that point the lender is at the end of their rope with the owner and is very unlikely to bargain.... and if they do, you have to prove that the owner is getting NO MONEY out of the deal.A short sale is extremely likely if they are a junior lien-holder and the 1st lien-holder is the one that has filed the foreclosure.

I'm making 12-16% on them and I DON'T NEED the cash I could gain from selling them, so don't bother posting back about how you can cash me out.Pay $50 or so to your local junior college and take a finance course that covers government and corporate bonds.all cash

Here in Abilene, you can't go wrong with a cheap housing market (30K - 70K for rental properties), 3 1/2 (the half being a junior college) colleges and an air force base.

When this point is reached, the junior leins get paid off insofar as possible.

They did sent out a non certified junior appraiser to do an investment property which is a pet peeve of mine but we lived through that as well.

Ask if they are a "junior appraiser" or a fully licensed appraiser who can do investment appraisals. 2) Gingerly offer them comparables you personally have knowledge of.

Hi everyone, I'm new to the forum and it looks like there's a lot of people that know a lot about real estate, so I figured I'd give this a try...I'm a junior in college, and I'm looking for a summer internship in commercial real estate investing and development.

Also I heard that is you buy the senior loan, it wipes out the junior loans.