The author was a senior trial attorney for the IRS ("resume irrelevant"??).

Now I've seen some senior members here bump threads but these threads are usually discussion threads that have interesting topics to discuss so they'll bump it up to restart the discussion and I don't find that annoying.

And, if it sells for enough to cover the first mortgage and anything senior to your lien but junior to the first, then you would be in line to get money from the foreclosure sale.

The use of this would be to help a buyer with continue with a purchase if he did not have enough of a down payment to meet the senior lien holders requirements for funding.If the buyer's first position mortgagee requires an LTV of 75% but the buyer only has 10% for a down payment, the buyer asks the seller for a purchase money mortgage of 15% to make up the difference.

There are laws protecting even unregulated rentals for seniors.

Her social workers and I worked to get her into a more suitable housing situation, low-income assisted living for seniors.

An IRS lien can be removed from a subject property through a foreclosure process by a senior competing lien holder, provided specific steps are taken to notice the lien and claim priority.  

I agree that it is perfectly ethical to rent a property that you own subject to, even if there is a senior encumbrance on the property.

So they are renting until one of the more senior teachers leaves or retires, and someone more junior is hired beneath her.  

Plenty of law abiding citizens to choose from, to not have to select a convict.