When you have a chain assignment of 10 different lenders, the mistake gets amplified and each AOM needs to be corrected.At least for Polk County where I'm at, the assignments don't reference the legal description, but it does reference the original mortgages Book and Page, and sometimes the instrument number from the original mortgages recording stamp.

A security is any investment instrument besides insurance or annuity.

I'm not a Real Estate investor yet.My primary motivations are: to diversify out of 100% financial instruments, to take advantage of depreciation expense on my taxes with rates due to increase, and to build wealth.I am willing to suffer lower returns to eliminate hassles.I am very suspicious of gurus and get-rich-quick schemes.I'm trying to find someone I can trust to help me find properties and someone to be my Property Manager.

The property reverts back to the bank with a certificate or similar instrument.

At least one borrower must occupy the property and sign the security instrument and the mortgage note for the property to be considered owner-occupied.Handbook 4155.1: 4.B.2.a-bFAQ: How does FHA define owner occupant?

Would he collateralize one of his 10 other assets as a security instrument for your capital.3) 50-50 Split is a little bit generous to the operating entity in my opinion.

I don’t understand how to use this instrument for a tenant by law situation. 

The Fund’s principal investment risks include: Issuer Risk, Credit Risk, Interest Rate Risk, Liquidity Risk, Reinvestment Risk, Fixed Income Securities Risk, Derivative Instruments Risk, Securities Lending Risk.

A promissory note is the promise to repay, and the mortgage is the instrument that links the property to the promissory note in the event of default.

If you look at the definition of a security here:www.sec.gov/about/laws/sa33.pdfyou find:(1) The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.I've highlighted some of the terms that could refer to a loan.Now, like Corey Dutton I don't really think the SEC trolls craigslist looking for these ads.