Last month I received a call from another landlord, asking for a referral on my long-term tenants.  I was certain it was for both tenants as they've always been a couple and was happy to provide a good reference as th...

Why would a bank or anyone take a second mortgage?  If things go bad wont the first lien holder  get everything?    The only thing I can think of is that the market value of the property hopefully  increases past the ...

Hi BP,I'm asking for a client of mine. His landlord reached out to him, asking if he could come over to walk the property's interior. My client (tenant) isn't thrilled about the owner's request. Does my client have to...

Can a secondary lien holder start a foreclosure process? If I were to loan some money to use toward a down payment while a bank finances the rest, so I am a second or junior lien holder, would I be able to foreclose i...

This sounds like a ridiculous question as I'm asking it, but I have heard of people thinking they are in 1st position when it turns out they're actually in 2nd ... since I am new to lending, I want to know what specif...

I'll get this right out of the way up front, note newbie (i.e. 1 note). I am looking at a second that has an unpaid balance of approximately 30K. The first is foreclosing on the borrower, the court date is set and the...

I'm in CA and here's the scenario. A property is worth $600K. There is a $50K first mortgage and a $450K second mortgage. Both loans have been defaulted on and there are two auctions dates set. The First mortgage has ...

My landlord who owned the property outright died over a year ago with no living will. Her brother never paid the dues then last week I saw a notice stating the property went up for auction and he has 90 days to contes...

Greetings, I have a quadplex that I have converted all four units into STR. One unit has been STR for 6months and the last three have been STRs for 2 months and all the listings are basically the same, optimized simil...

What happens when you own a first position note that has an unpaid balance of 9K and there is a 2nd position for 40k and 3rd for 80K? Is the 1st position considered the senior lien if you file foreclosure? The home is...