Unit $7$ Junior Loans in Real Estate Finance

$215$

In many urban areas of California where property prices are high, the use of junior finance is probably the only way real estate can be sold. Interview a mortgage loan broker to discover how properties are financed in your neighborhood.

Problem: The buyers can just afford to make the payments on the existing first and second encumbrances on the house they wish to buy. They do not have enough money to cash the seller out. Help them engineer a financing plan that may enable them to purchase the house.