Real Estate Note Investing
FIXnotes | Non-Performing Note Investing
Welcome to FIXnotes — the go-to podcast for real estate investors ready to level up by becoming the bank. Hosted by Robert Hytha and industry experts, we dive deep into the world of mortgage note investing — especially non-performing seconds. Learn how to source, analyze, buy, and resolve distressed debt while helping homeowners and building lasting wealth. Whether you're scaling a fund or buying your first note, you'll get actionable strategies, real-world case studies, and insider insights to systematize and grow your note business. It's time to cash flow without tenants, toilets, or trash.
Real Estate Note Investing
Episode 18: Legal Framework: Mortgage, Note, and Assignment
Paperwork isn’t “admin” in note investing — it’s the asset. If you don’t control the note, the lien, and the transfer trail, you’re not buying enforceable debt… you’re buying a story someone told you at closing.
In this episode, we connect the promissory note, the mortgage (or deed of trust), the assignment, and the allonge into one legal chain — and explain why a single missing link can turn a “secured” deal into a courtroom cleanup project, especially in judicial foreclosure states.
🔍 What you’ll learn:
✅ Why the promissory note is the actual IOU — and a negotiable instrument you must properly receive
✅ How the mortgage/deed of trust secures the note — and where foreclosure rights really come from
✅ What the assignment of mortgage does — and how gaps break the chain of title
✅ Why having the note and mortgage still isn’t enough without recorded, continuous assignments
✅ How an allonge proves endorsement/transfer of the note — like signing a check to the next holder
✅ What a “collateral file” must contain — and the red flags that can erase your legal standing
✅ The simple post-close move that protects you: record the assignment yourself, every time
This program is for informational purposes only and should be independently verified before taking action.