Hament Raju Mahajan
Inter Creditor agreement between 1st and 2nd lien Private Lender
I do California junior lien position business purpose loans secured by CA single homes .I am looking for an an Inter creditor agreement between the the 1st Lien lender and junior lender , whereby 1st Lien lender al...
Sean Dougherty
How or "if" to negotiate junior liens in a short sale.
Trying to wrap my head around this process.I have a seller who has a home underwater. Selling via short sale. She is divorced an although husbands name is still in on title, she has court approved authority to sell ho...
Junior Soares
Newbie to 5 units in 7 months!
I want to personally thank the BP Community for being so helpful and very humble with all of the questions us newbies always have.
With the help of this great network my wife and I were able to start our OOS invest...
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Who is 1st mortgagee?
There is a home for sale at a foreclosure auction in NYC. There are 2 mortgages on the home- senior (1st in time; older) & junior ( 2nd in time; recent). The junior bank, however RECORDED its mortgage before the s...
Marcin Sliwowski
reinstate or foreclose on senior lien after junior auction
For context I'm in North Carolina, but my question is not specific to state foreclosure laws. I have attended a few courthouse foreclosure auctions and have observed the following situation and I don't quite understan...
Junior Salters
1st of 3 pending wholesale deals completed!!
Finally!! Last Thursday I closed on my first official wholesale deal!!! It's been a long time coming and honestly wasn't too bad of an experience so I've been blessed so far! I have two more properties s...
Christian Tibok
Short Sale: What happens to HELOC in secondary position?
During a short sale when the primary lender is owed 361k and secondary HELOC is owed 78k, what happens when the package was submitted to the primary only? How can the secondary position get what is owed to them?
Ron King
Buying junior liens and becoming the lender
After I buy a junior lien on a residential property facing possible foreclosure from the senior lien holder. How can I control the property from there?
Can I do the deed in lieu with the seller?
or if I...
Patrick McGowen
trustee sale question
Say there is a property up for trustee sale auction, being foreclosed on by the first mortgage company. The minimum bid is for the total of this first mortgage. The title search revealed two other liens. The title ...
Andrew Stoll
Do judgments attach to a foreclosed home?
In researching titles, I have found many owners to have judgments against them. Being new to the game, I try not to risk acquiring a home that is owned by someone with a judgment against them, especially if I'm not...