How is the county allowed to auction the property, putting me in the position of title holder, only for the bank to take it away with no recourse?

Just to fully understand things, in the unlikely event that one would foreclose due to ground rent; after a foreclosure auction, you would only get the amount for the lien that was placed on the property (for the undue ground rent), then anyone else like a mortgage company would get their portions, then any left over equity would be given to the property holder?

Hi Mike,Purchasing a 2nd position lien only gives you the note holder the rights to collect payments per the note and mortgage for that specific lien.

But I have close to nothing to offer as collateral, and no liquidity for a down payment.I would search for an answer to this question if I could think of the right way to phrase it in a search string, it's probably a stupid question, but here goes:Would it be possible to offer something MORE secure, thus making lending to me less risky, than merely allowing them to become the 1st position lien holder?

Where should I be looking to find the 1st lien position holder?

The state these are in also plays a major role as in some states you just be licensed to be the mortgage holder etc.

Hi everyone, I am new to the real estate game and have some questions on whether or not I should be worried about how this transaction went down.I was brought on as a lien holder after the property was purchased, and I brought $50k to the table to do renovations. 

You'll have to get permission from the first mortgage holder to subordinate the HELOC to a higher ltv.I'm assuming the first is at a much more favorable position than current rates. 

The downside for them is that they won't start getting any payments until you do, and there is more risk involved for them since equity holders get paid after debt holders in a liquidation.

While the big names like Chase, BOA, and Citibank won't allow cash-deposits from a non-account holder, Byline does.