I'm tracking a home that has 2 juniors liens going up for trustee's sale, the senior loan is huge...almost 1 mil. If nobody bids on the junior liens, they (the lender of the junior liens)own title to the home right? ...
It's often stated that junior liens are extinguished or wiped out when a home is foreclosed upon. But what is the actual process for this? Does the trustee handle this? Or is it the County? Or who?
My name is Fredrick Francises. I'm from Kansas City, Kansas, I have a formal education in computer science and when I'm not knee deep in that I enjoy real estate. Currently, I'm building my portfolio with buy and hold...
I am closing on the purchase of my third fix-and-flip this month (I also have one rental). I have had a builder/carpenter/handyman who I like a ton working with me the last 6 months. He is awesome and I would love to ...
In the process of closing on a property and I get this email. "There is a junior mortgage loan that is still on title, and will not be removed until 9/10/2019. There is a one year right of redemption from the date of...
Can anyone provide any referrals to cost effective, responsive attorneys they hold in high regard who might have the interest and capacity to work with a new client (me) on residential 2d NPL note borrower comms/worko...
Hello - I'm hoping someone on BP can point me in the right direction.I bought and rehabbed a home at a foreclosure auction. I now have the home under contract for sale, but it appears I overlooked an issue with a juni...
Hi BP, I am looking for buying some junior lien NPNs as well as building long term financial relationships. If there any lenders, asset managers, brokers etc. who are willing to sell some of their NPNs, please let me...
I would very much like to get into home investing and seeking someone who would be interested in taking a junior investor under their wing. I wish to learn and eager, do not mind working, or rolling up my sleeves.
A servicer sent us a white paper from an attorney warning about new requirements for junior lien holders in OH. We don't own any notes in OH and I have no idea about this new law or the attorney's take on it but thoug...