Can you negotiate a junior mortgage that is a Federal Grant through the city of Ft Lauderdale?

@Chris Mason correct; we don't always get an eligable for this loan, but we are lucky in Milwaukee that the income limits on Home Possible still work for many of my typical house-hack clients (first time home buyer, single income, junior posission professional) @Nick Jahnke I believe Chris answered your question?

@Michael Junior Everyone is different, but my first reaction is to say “don’t look a gift horse in the mouth.”

Lein laws in most states go junior to the mortgages .. so even filing a lien is no guarantee of payment.. 

The "experience" partner is usually too busy to operate the deal and that responsibility falls on one or two junior partners.

If the debtor did a deed in lieu, then it could bypass the sheriff sale and go directly to REO status - but that would require the debtor to actually do something, and it would also require that no junior liens be in place (lenders aren't stupid enough to do DIL when there are junior liens - they'd rather the junior liens get wiped out at sheriff sale instead of paying them off which they'd have to do if they took the deed).The bank's attorney identified how high somebody would have to bid in order to outbid the bank.

The note positon is another thing you have to become aware of; if the note is for a junior lien in the scenario you presented, it's a nearly worthless note.

If she borrows a lot the credit score going down will cost here future money in higher interest rates.Some credit card and other companies now have provisions in small print where if other accounts that are not their default and start going late they can up their interest rates to cover future perceived risk.They can also freeze credit lines,credit card accounts and just ask for her to keep paying the balance but not allow new charges.So there are many implication here that have to be considered.There are certain items by law that creditors cannot touch.That won't keep the collector though from trying to convince you to pull from a retirement account,401k etc. to pay them.So watch out and know the laws and your rights.The owner of the actual loan and who services the loan could be the same or different entities all together.The point of contact will be the loan servicer and they will contact the owner of the loan directly.Whether a bank wants a property back will depend on costs to foreclose versus a DIL and if any post redemption rights exist which the seller could waive giving the property back to the bank.If there are a bunch of additional liens attached the bank will generally foreclose to wipe those out unless the junior liens agree to release for a tiny amount say 1,000 or so.First step is to get and ATH(authorization to release) and get it to the bank for permission to speak about the account with the servicer.With the account being current they won't be that motivated.Usually you are in customer service,then after a few lates you will go into collections,and then loss mitigation before foreclosure attorney gets involved.

Banks with a junior lien have to bid on the foreclosure by the senior lien holder, and those junior lien holder banks are third parties to the senior lien holder's foreclosure action.

One may want to look at the gold mining companies, in particular at index ETFs.Today, junior gold mining ETFs are way underestimated: indexes are still at the level when gold was 1/3 as it is now.