Silent Notes

Is a note with a property owner valid if it is not recorded? This would be great because then it would not appear as a second lien if I need to borrow fix up money for the rehab, right?

Comments(2)

  • myfrogger10th January, 2005

    Yes it is valid...it is an unsecured note (much like a credit card or personal line of credit).

  • brainstorm11th January, 2005

    thank you.

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