:mrgreen: Now, the reason i dropped out (just my senior year) is because i completely lost my confidence in the formal education system.

I don't see a mortgage originator sneaking deals through without notice, especially since it is customary to notify a senior lien holder when doing subordinate financing.

It also would not make a lot of sense for the bank to have a lien on its own property.All the junior liens were released at the auction.If the IRS had a lien they have the right to come in after the fact and pay the senior liens off to gain control of the property.

My question is why isn't any professionals firms and law firms get involve on faciliating the mulit-millions and billions dollars with the large capital investors and banks senior officers or their legal department?

The option is more like a junior lien when you look at the seniority of the lender.

Any ideas on how to capitalize on afforable housing for seniors.

I don't have alot of confidence in Junior Appraisers as I have run across too many of them trying to appraise investment property when I have to repeat the appraisal visit with the senior appraiser when the lender requires it.

I am 23 years old and a Canadian citizen, currently living abroad doing a 6 month management hospitality training.

I am 23 years old and a Canadian citizen, currently living abroad doing a 6 month management hospitality training.Education wise I have a B.Comm and an MBA in Hospitality& Finance .Like many I have been interested in property for a long time and have interest in acquiring houses, apartment buildings and eventually hotels.Right now I am very interested in the USA housing market due to the heavy decline in prices.

There are 2 mortgages on the home- senior (1st in time; older) & junior ( 2nd in time; recent).