lending to a home owner so he can redeem his tax lien

[Jaime Frausto]

Hello guys I am in process of lending to a home owner that needs cash to redeem his tax lien from an Investor that purchased his delinquent property taxes last year.  I am having a title company to do a title search to make sure that the only lien is that of the investor that owns the tax certificate .  the agreement is that once i fund the home owner , that i will be the only and first lien holder.  His attorney will write up a promissory note stating the loan terms of the loan.  (3year amortize short loan. )

Can you guys think of any other due diligence am missing. 

thank you in advance for your input. by the way the property is free and clear and has plenty of safety in the price of the property vs my loan.