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Updated about 9 years ago,

User Stats

18
Posts
2
Votes
Earl G.
  • Orlando, FL
2
Votes |
18
Posts

Non-Performing Note - VA Loan

Earl G.
  • Orlando, FL
Posted

I'm a new investor and am working toward my first non-performing note deal, but of course it's not straight forward. The numbers work for me and I'm working through my due diligence, but I won't be speaking with my attorney until tomorrow. Any help on the items below would be greatly appreciated.

Property is in Florida, 1st Position

1. Are there any additional due diligence items associated with a VA Loan originated in 1990?

2. The original Note was lost, but the Collateral File includes an Affidavit for the lost note that seems to create a complete the history. Are there any additional due diligence items I should pursue in this situation?

I'm working on the due diligence items I would consider more typical such as payment history, Title work, BPO, taxes, etc.  

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