REI Wealth Monthly Issue 04 | Page 36

THE NON-PERFORMING JUNIOR LIEN GORDON MOSS Why Junior Liens? The current market is paying 50, 60, or 70 (CA) cents plus for a quality non-performing first lien. That is just too much money in our opinion – margins are too slim, add foreclosure costs with a large potential for bankruptcy, and other related delays, and you can have your investment dollars tied up for many more years than originally planned. Wait a minute here you might sa