This happened to me in my junior year.

Most of these requests have no ability to secure the capital against an asset, or if there is a 2nd lien placed on the property it may be behind a lender that doesn't allow junior liens. 

Most of them that call on my properties (small multifamily) are junior agents in commercial brokerages looking for properties to sell to a senior agent’s buyer client.

Gap funding or seconds as Joe was talking about you want to make sure you know the borrower very very well.. as there is always risk in junior position IE you maybe forced to take over the senior position in a default situation. 

All of this said, Zipletters make Postcards look like the Junior Olympics.  

Originally posted by @Casey Carroll: With an upside down house, I'm assuming short sales and loan mods are the only ways you can really do it... unless there are other junior lien holders you can negotiate the debt on.

Example of a few emotional triggers:Anger - "I want to sell but junior won't get out so I'd like someone else to deal with he and his lazy, pregnant girlfriend"Fear - "if I leave this house vacant, what if someone gets hurt and sues me?"

@Junior Salters use %equity from 100 to 100 in property category

This type of loan is typically more expensive because it is a junior loan.  

When you buy a junior lien, you buy it subject to the senior lien.