Allonges Missing

[Jeremy Motte]

I am in the process of purchasing a note. The collateral file is missing two Allonges.

On the title service I purchased it shows the assignments are recorded showing going from A - B and then B - C but no allonges for those transactions.

What recommendations do you have? Would you continue with purchasing the note or would you request the seller provide the original allonges before moving forward?

Thank you!

[Patrick Desjardins]

It's difficult answering this based on the information you gave. Allonges are less clear cut than assignments. 

It's common for them to be "missing" or blank. Some of them are on a separate page, some are on the note itself.

If you're serious about buying this note but you're not sure, you can have a company like Richmond Monroe review the electronic collateral for you. It's fairly cheap.