Collateral File Review

[Christopher Evans]

Hello BP Note Investors,

Recently had a bid accepted on a CFD in AL. Received the collateral files, reviewed myself for any red flags (break in chain etc) and then sent the files to the lawyer who was recommended by someone in the note world. To my surprise the lawyer wants a 30 yr search on title rather than the one owner search. I was told in AL this is the only way to get an insurable title. Also to note, it being a CFD, the lawyer seemed perplexed by the inclusion of landlord/tenant language. I was also told that because the mortgage does not contain a power of sale clause it can not go through a non-judicial FC. Am I missing something? Should we seek out other recommendations? Any advice would be greatly appreciated.