CFD Seller missing borrower's DL or proof of title insurance - is this a red flag?

[Varun Hegde]

In contract to purchase a CFD in MO. Have done most due diligence items, but I'm stuck on two pieces that I'm not sure about.

1. The seller doesn't have the borrower's driver license or any identity verification paperwork. They also haven't kept records of the original origination documents as far as I can tell. The borrower has been paying on time and the CFD purchase price to property value is <50% at this point. I should still wait for the DL or passport, right?

2. The seller doesn't have copies of their title insurance policy binder. All they've provided is the title insurance commitment. I should wait for proof of a title insurance policy, right? The only reason I'm hesitant to move forward without this info is that the seller is an inactive corporation - if they dissolve and there are issues with their warranty deed then I don't want to have to pay a lawyer to go after the GP of the defunct partnership to make me whole.