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.
Decision Tree Junior Liens
作者：Brandon Wong
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