Note Help, How do I find the 1st lien holder?

[Taylor Call]

I have the opportunity to purchase the 2nd lien position on a non performing note. I'm trying to find out who has the 1st lien position so I can own the entire thing. Where should I be looking to find the 1st lien position holder?

Thanks!

[Marco Bario]

@Taylor Call - There's a process of due diligence that's recommended. You may want to contact a company like ProTitleUSA and order a title report which would tell you who is recorded as the first lien holder, as well foreclosure recordings (dangerous if on the 1st), tax liens, municipal liens, possible HOA liens, etc.

Due diligence is important. @Martin Saenz wrote a good book on note investing that goes into 2nds and his diligence process. I recommend it. I’m just touching the topic here. 

Hope that helps a bit though.