i loved their videos and i did contact them, but am worried as some have suggested that they pawn you off to juniors and that their response is very slow.

Hi everyone,I'm a junior lender on a property, and my attorney is advising me to buy out the first lender so that I can foreclose on the property myself.

I have done some research on ADUs and have come to conclusion that getting a house near a hospital or good college area with a big yard to add an adu and convert gargae to junior adu would be best.

The appraisal was the longest hold up but the junior loan officer we were assigned seems to have zero idea what he is doing and zero sense of urgency...

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

I sure there is more but I am equally sure its quite rare.. reason is all the junior liens that got wiped out in the sale reattach.

So the problem is you wont be able to source the down payment as coming from the seller (most likely), but you can certainly add as many junior lienholders as you like, after the fact.

the way I read the sentence is like the following :the non-lender banks are trying to keep the failure out of the public because if syndication is unsuccesful it is good for them because they get an expensive asset for cheap and/or they can resell it again to another gp group ; for the CLO lender they can mix/swap around the debt tranches to someone else. the actual guy that's losing money here is the equity owners of both the equity part such as LP investor and the debt owner such as the junior posiiton. 

A "fronter" is like a "junior broker" in the movie, "Boiler Room."

I have not clue about this company but if their collateral was all defaulted junior paper and you have this situation  my experience tells me it will be a full wipe out for the investors and the owners of the company might tube it also..