What does a lender in first position have to be concerned with regarding 2nd lien holders?

February 15th, 2009 by Jarad S.

Question: What does a lender in first position have to be concerned with regarding 2nd lien holders? Why would they not want to negotiate with the Owner until the 2nd line holder goes away?

Tags: lien priority

This entry was posted on Sunday, February 15th, 2009 at 4:08 pm and is filed under Lien Priority. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Finally, I read the books written by Mr. Jarad it opened my eyes, each line makes sense. I have a hope that I can do it too. The way this explains, I'm clearly understood that how I can purchase the property below market value and I can do whatever I wish to do. Either rent it out for a long term with a positive cash flow or flipp and put the large instant profit in my pocket. Other books give examples of how to avoid negative cash flow by hypothetical figures but it doesn't teach how to buy the actual properties below market value!!!
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