It's not a matter of whether the lender is willing to take more risk, but whether that loan is marketable on the secondary market and if you don't have the rebuild letter, it will be thrown on the scratch and dent heap of loans, costing the lender thousands (maybe 10's of thousands depending on the loan amount)

Please reach out if you have knowledge on actuarial math / risk assessment and excel. 

It's hard to compare just the idea of it until you do a little math.  

Do the math on that.....its over $30k profit.

Glean from experts their words of wisdom in the industry.I've personally had much success out in the secondary, and tertiary markets.

A Portfolio loan is a loan that a bank/credit union keeps in house in Their Portfolio of loans, they don’t sell them off in the secondary market.

There are hardly any foreclosures happening right now, since anything with a federally guaranteed mortgage is under moratorium.But to answer your general question assuming it's a foreclosure auction: while there are differences from state to state, there are no states in which foreclosing on a secondary lien cancels the primary lien.

I was listening to Brandon Turner a lot on the BP Podcast and he would often say analyze 1 deal a day to understand your market and how all of the math works. 

It’s in a desirable area with a ton of amenities for students, so I believe finding tenants will be feasible.Numbers:Selling for $210,000Down payment of 10% ($21,000)Mortgage rate: 3%HOA of $175/monthCurrently renting for $1,725/month, rented through July of 2021, and already pre-rented for the following year at the same rate.Property taxes were $4,000 in 2020Curious what I should be thinking about, and what math experienced investors are doing to determine the feasibility and profitability of such an investment.Thanks so much.

The math doesn't take as many 150K+ incomes leaving the State as you'd think before it's catastrophe.