Should I buy a NPN with a lost note in Broward Florida?

[Ileana Fonseca]

Im looking to buy a couple NPN, but one is missing the original note. It has a loan mod with some transfer. Help

[Edwin Epperson]

@Ileana Fonseca, as a PL, my notes are like gold. They are the physical representation of the money I have loaned. If your thinking of purchasing a NPN, whose current lender does not have the original Note, you will most definitely want to engage an attorney to find out what liabilities you could inadvertently assume by buying such a note. IMHO, I would pass. If there are other notes I would look into those. In the military, we had a saying, "pursue the path of least resistance".

[Brandon Plombon]

Quote from @Ileana Fonseca:

Im looking to buy a couple NPN, but one is missing the original note. It has a loan mod with some transfer. Help

 I would pass if it is missing the original note. 

[Chad U.]

Quote from @Ileana Fonseca:

Im looking to buy a couple NPN, but one is missing the original note. It has a loan mod with some transfer. Help

 I invite you to review the statute in the link below.  As mentioned above, I'd have a qualified creditor rights attorney review the collateral for you.  

http://www.leg.state.fl.us/sta...