Decision Tree Junior Liens

This is a decision tree that covers 90% or so of possible outcomes/scenarios with non-performing junior liens behind performing seniors.

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Decision Tree Junior Liens by Mind Map: Decision Tree Junior Liens

1. Note Purchased and Boarded

1.1. Demand Letter Sent

1.1.1. Borrower Makes Contact Within 2 Week Window

1.1.1.1. Yes

1.1.1.1.1. Willing to Pay Off in Full?

1.1.1.2. No

1.1.1.2.1. Begin Foreclosure

1.1.1.3. Additional Scenarios at Any Stage

1.1.1.3.1. Borrower Files BK (Discontinue Direct Borrower Contact and Go Through Attorney*)

1.1.1.3.2. Senior Goes into Default