You could try to buy that for cash at a discount if it's a smaller bank and then foreclosure to wipe out the junior lienholder.Are you trying to get a loan or pay all cash?

He was not a mentor but he was a friend. 

Possibly finding a mentor, but most importantly, no more dry feet due to analysis paralysis!

That act rids the property of any junior liens (except certain Tax liens and perhaps mechanic's liens).Once the foreclosure has taken place and the lender owns the property (and after the redemption period) then the property is now considered "REO."

Anyway under the “ learn “ tabyou will locate a huge inventory of wisdom.Wisdom : podcasts , beginners guide, articles, keyword alerts,etcSome example keyword alerts :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Wisconsin, Beloit, Madison, buy-hold, rehab, wholesaling,homepath, homesteps, multi-family, duplex, student housing,Milwaukee, Waukesha, mentoring, etc Regardless, Andy welcome to biggerpockets

A few months ago I found a mentor simply by calling on a bandit sign and asking the guy for help and although it isn't what I was hoping it would be, I'm grateful for his help and his sincerity.

Junior Salters - I search the MLS for sold properties.

I'm a new RE Agent in TX, in process of getting CT license as well...but after working with a few investors it has become clear I want to accumulate some properties..small,1-4 family, for now...I'm interested, for now, in TX and New England...but open to smart investments anywhere they make sense...been reading, absorbing, listing and learning...want to get more understanding and get ready to execute the plan....mentor wanted!

There couldn't have been a better mentor who had no secret for his success as he'd say "all it takes is money and guts and I have plenty of both", yes, he was overweight, a bit of his humor.John and his wife never had children and he adopted all of Springfield.

Pick your mentors carefully.