You'd need to know the current loan payment for the senior lien and what terms the seller will accept for the junior lien.You'll need to see if the $288K loan is a decent loan with a fixed rate.

One other downside to DIL that @Dion DePaoli did not mention is that all junior liens remain in place.

If so, you can call their customer service line to ask your questions about title.Maybe you can get a preliminary title report, which would be even better.Without more information, the explanation that makes the most sense to me is that the owner bought a junior foreclosing lien in 2007.

BUT, with that said the junior lien is able to protect itself by (1) advancing funds to bring the senior loan payments current, then foreclosing for the sums advanced; (2) bidding at the foreclosure sale so the price will be sufficient to pay off the senor and the junior liens; or (3) acquire the property by bidding at the foreclosure.

well, i am a junior in college. i have little/limited capital and a part time job. i have good credit but not enough credit or down payment to invest in this peice of property.since i've been at my school, we have managed to start a fraternity, and now it has come three years later when we are in need of a house. none of our alumni can afford it, because they are just out of college as well.i'm not looking for excuses why i can't get it, i'm looking for how i can get it. 4 duplexs 2 blocks from a major campus with a pool / hot tub. how do i go about funding this?

Hey Junior, I am a commercial real estate loan broker and fund commercial deals as my business. 

I am a junior studying real estate at Fisher College of Business, OSU.

Hello I am a junior investor working in Kansas City and I am developing big interest in the foureclosure world and been trying to gather information about how to start looking for deals what’s there to know and what to be careful for

With regard to financing, I spoke with my loan officer and told her that I am trying to get a clear answer of this junior lien (if you will), and they won’t go forward ( I don’t blame them) without clarity.

will depend on if your first lender will allow junior lien.. ?