Our current tenant wants to do just that after she files her taxes and can show enough SE income to qualify.

I have been able to avoid liens that eventually had the owner file bankruptcy so far.

You won't need an allonge, an additional paper added to the original note if there is sufficient space on the note for the endorsement, after a note gets passed through several hands, that space, if there was any, just runs out and then you would attach an allonge for endorsement.Unless you have the maker(s) execute any other terms that may be added by allonge, as many brokers like to get wordy and write things, it will have no real effect.Notes are negotiable paper just a check or draft and are governed under the UCC requiring an endorsement, "pay to the order of" and thereafter you should annotate "with/without recourse" as the assignment and endorsement are made with recourse or without to the new holder. .The sale of a note must have an accounting of the transaction, describing the note and the amount received/paid along with other costs or expenses, if any.An assignment of mortgage or assignment of note and deed of trust is made, it simply describes the original note (not the balance) when it was made and contains the legal description of the collateral, this is filed in the property records for that property.

It's always nice to see where you could be in the end of an investment.https://drive.google.com/file/d/0B6z8JyP-T5efaTJPSnByZTRMNGM/edit?

this is that time of year when they may not have their 2013 tax return filed yet, the loan officer could be going off a W-2, and when they see the tax return prior to closing, things could change.

As a vendor, I think they could file a mechanics lien without any resistance from the clerk.

I'm not sure they do, but if you message me your email address I'll send you one I think I have on file.

You will get the deed showing ownership a few weeks after closing but it will have a notation of the financing instrument and where that is recorded (book and page).When you pay off the loan, you will get the original note with the release signed and notarized and a few weeks later you will get the original copy of the release the lender will file with county releasing the lien.

See your attorney.If you're filing it, it's nice to give plain notice of the termination date to avoid clouding title.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul