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Results (238)
Andy Mirza Legal Description Necessary for AOMs?
17 September 2020 | 3 replies

Recently I had a seller send me an Assignment of Mortgage (NJ) without an attachment or any reference to a legal description.In my experience, I've always seen AOMs refer to "Exhibit A," which contains the full legal ...

Alex Stepanov Does unrecorded AOM have legal standing?
7 March 2018 | 3 replies

Hello friends!I am prospecting a note, and one of the things that concerns me is that one of the AOMs in the chain is properly executed but not recorded with the county. Hence the question - should the events turn the...

Bob Malecki Seller's last assignment on 1st position note not recorded?
17 May 2014 | 20 replies

I'm working with a seller on FCI Exchange who has not recorded his assignment and says: "We don't record our position until it is under contract. FCI can record our assignment at time of close." This does not seem ...

Paul Murch Who records?
3 September 2014 | 15 replies

Just bought a note from a company online. Who records the new lien holder with  the county? Me, or the seller?-Paul

Dyrol Harding Locate a note holder
22 November 2013 | 3 replies

I am trying to locate the note holder for the first mortgage of a property being serviced by Caliber Home Loan, formerly Vericrest Financial. The property is located in Brooklyn NY. Can anyone offer help on this? T...

Daniel E. Assignment of Bid - How does this work?
18 May 2018 | 1 reply

Purchasing a note just before auction. The foreclosure attorneys have said they will do an 'assignment of the bid' at sale. How does this really work? Here is my understanding. Please correct me!1) Close the purchase ...

Les Goss Three Documents You Should Have When You Buy Notes
23 June 2016 | 1 reply

I just posted a new blog on this topic. I hope you find it useful...https://www.biggerpockets.com/blogs/7697/50523-thr...

Gil Ganz Why is Cook Country, IL mentioned as a bad place for notes?
28 April 2019 | 5 replies

I keep hearing on content i listen/watch that i should watch out from investing in Cook country, Illinois. Trying to understand why is that, what's "special" about that county. Does anyone have some insight?

Johnathan Norman Note purchase process when buying directly from seller?
30 May 2018 | 2 replies

So I've been on a note shopping spree but all of my notes were purchased through exchanges. I now have a deal directly from another investor but what is purchase process like when working directly with someone?  Do i ...

Naveen Desai Trace loan and note holder!
27 July 2016 | 8 replies

Hi,  Looking to see how to find my mortgage note holder. I was able to find on Fannie/Freddie who holds my mortgage. Obviously, I know where I am paying my mortgage monthly. However, I am not able to trace any further...