I'm assuming you would:- Contact homeowner (let's say no return call)- Initiate foreclosure from 2nd (do you have to bring the Senior current?

Why would you do that if the senior lien is foreclosing?

And property tax is about as senior as you can get as it is an encumbrance as soon as the parcel is created.  

At one of the meetings I learned that there is almost one insurance company covering Florida, Citizens. 

The millennials and seniors are driving the demand now.

In other words, short sales are no place to be for new investors.New investors should concentrate on doing advertising direct to specific prospects that have a higher chance of being motivated and have a run-down property (absentees, senior citizens, etc.)

Most of the people the banks prey on for the reverse mortgages are seniors who have paid off their homes!

The government should NOT EVER be able to force a US Citizen to buy any product or service (SS and Medicare is not a product or service).That being said, once you OWN a piece of investment property, the Fair Housing Act kicks in, as well as when you SELL it.I have several properties in Orange County, CA rented to Hispanics and have had good success with them.

If you're not experienced with this, you have to be careful to make sure you're bidding on the senior mortgage, and you must be aware of any liens on the property.

Chris Ulander is the Senior Asset Manager there...