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Tax Liens & Mortgage Notes

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Bob Jaeger
  • Contractor
  • Western Springs, IL
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Is the absence of the actual Note document a dealbreaker?

Bob Jaeger
  • Contractor
  • Western Springs, IL
Posted Jan 26 2018, 12:51
So I’ve come across a gentleman who has recorded several second position liens on various properties but can not locate the actual notes. It’s my understanding that this isn’t unheard of but looking for some direction on if it’s out of the question to get involved with? I realize there are many factors that play into the value of the situation but I’m not clear on a missing note is a deal breaker. Thanks in advance for sharing. Bob

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