Hello,I'm relatively new to buying and selling bank notes, and I've come across a 2nd for a mansion in CA.  I don't know much about assessing the value of this deal, or what I may offer the bank to begin negotiations....

Hi, Guys. I have a question for any attorneys & mortgage gurus out there, that might be able to help :) Recently... I obtained financing for a project and noticed an interesting clause at closing. Basically, it sa...

If you purchase a junior lien position, can you send balance to bank in first lien position and call it a day? (Through and attorney of course). Or a different process? 

Hi: I'm hoping someone here has an answer. I funded a loan in California secured by a 2nd DOT at $399k behind a $633k first @2.85% 30 year fixed- three years into its term. The value of the property today is north of ...

I hope this isn’t to confusing. I made a mistake and put a bid and won a foreclosure and it was on the junior loan. My mistake my huge mistake. I went considerably above the starting bid and then found out the senior ...

Can anyone help with the strategy of paying off the junior lien and reinstating the first? I'm located in NY.

I have been in commercial real estate for about 10 months now... I have managed to carve a niche in multifamily ranging from duplex's up to multi-million dollar complexes, mainly less than 20 units though. The owner i...

Help!  A couple months ago, i purchased a property at the foreclosure auction on what i thought was a first lien. The title company assured me that it was the first and that they would insure it. Well, It turned out t...

I have the opportunity to acquire a 2nd note which is non performing with the intent of foreclosing and hopefully acquiring the first mortgage to do so.  I am very green when it comes to note investing and am wonderin...

Does anyone know what happens to the money that is paid above the minimum bid when there are junior liens? Once the minimum bid is met does the bidding money go to the second or continue to pay the first? Say the bank...