- The Real Estate Market declines and makes you note worthless
- The Note Payor has debt issues and files bankruptcy
- The Note Payer trashes the house and goes to jail
- The Note Payor makes illegal drugs in your house and make the house uninhabitable due to toxic chemicals.
- The house burns down but the Insurance has not been paid
- You Lose the note and need to foreclose but you do not have evidence a debt is owed.
- The house is destroyed by an earthquake and you do not have earthquake insurance