7 Things That Can Go Wrong with A Note

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

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