We all get the loan as Juniors and payments don't start until after we graduate.

A quick comment as I do not have the time to read the full thread before running out to the store.If there are junior liens then consider their position.

Just getting the junior liens wiped out can make a difference.Picking up your request for questions.Your ratios are pretty high.

More likely if you approach the junior lien holders but you need to understand if the property has enough value to cover the junior liens.You can buy at auction.

I gather in some states a foreclosure on the first and a sheriff's sale would wipe out any junior liens.

If the lender was in 1st and there are junior liens a modification can result in the lender's 1st position turned into the most junior lien.Forbearance agreements might be of interest.John Corey

It also would not make a lot of sense for the bank to have a lien on its own property.All the junior liens were released at the auction.If the IRS had a lien they have the right to come in after the fact and pay the senior liens off to gain control of the property.

I'm a high school junior and I want to get into real estate investing so I make enough money to pay for college.

The option is more like a junior lien when you look at the seniority of the lender.

I don't have alot of confidence in Junior Appraisers as I have run across too many of them trying to appraise investment property when I have to repeat the appraisal visit with the senior appraiser when the lender requires it.