Collateral File - What should be included

[Dave Blackman]

Quick question: lawyer reviewing NPN purchase requested "collateral file" -- note has been reassigned several times since original origination (is that a term?) -- would I include the original note and each subsequent assignment document? Anything else that should be included (BPO, etc)?

Thanks in advance

[Cody Cox]

What I need in a collateral file is the ORIGINAL Promissory Note and Mortgage/Deed of Trust. Plus, all the prior executed ORIGINAL Allonges/Note Endorsements that correspond with each Assignment of Mortgage, again, the ORIGINAL recorded copy. You need to be sure they match to assure your ownership in the chain of title. Additionally, I want the ORIGINAL Title Insurance Policy.

Hope this helps.