Currently, Julian Colvard is an established fitness strategist to the Atlanta University Center and its students, public speaker, and, some would consider, a scholarship specialist, obtaining over twenty-thousand dollars in external scholarship monies while attending Clark Atlanta University (Junior) on both academic and athletic scholarships.

I am junior in all this (only read a few books, watched a webinar, adn don't own a property yet) but my wife and I are building an real estate education and down payment for this. 

Foreclosure is the only way to wipe out junior liens.

Disregarding any extra costs, insurances, carrying costs while in foreclosure, junior liens on the DIL, etc,.......I don't care  what "% of  value", "% yield, % cost to value" you have,   $5k is just not enough margin for error.

The question is Why is there no progress: has the owner been approved based on his financials, has the bank done their BPO yet, are there junior liens that can't be negotiated out, etc.  

My dad bought his first and only investment property when I was a Junior in high school and I helped him fix it up.

I am a junior business administration major and will have my degree next year.

I am a junior business administration major and will have my degree next year.

I don't care if you are Robert Byrd or some junior law maker from wherever...

I've never seen a HELOC or junior lien made to an owner that took a property subject-to, but I guess it could happen.