In fact, my junior english teacher allowed our students to put up a "hood word of the day" on the black board.

The risks are BK, damage to the property, time (BK adds even more time), taxes (a lender will have to pay the taxes eventually), junior liens (reduces possible exits) cost of foreclosure, etc.

Here in CO, junior lienholders have redemption rights.

Anyone junior to you has the same right, but you get to add on what you're owed, which should be a much larger amount than you paid.

If so, then you can effective relay the message to the virtual assistant to where even a junior student can extract pertinent information with the right questions.

Hi Jon, I have been involved with Real Estate since my junior year of High School.

If I own a junior lien note on a property, and I foreclose on it and take ownership, I can avoid the possibility of the lender calling the loan due.

Also, if the lease that was entered into prior to the loan states that it will be subordinate to any subsequent lien on the property, then it automatically becomes junior to the lien.

There was a foreclosure sale on a DT but it was junior to an earlier DT (157k) that was thought to have been paid off but the Deed of Release on it was not recorded!

But, like every one else mentioned, the property values aren't exactly junior-varsity and it requires some good financing to buy unless you're Donald Trump.