This article is part of a series designed to make mortgage Note sellers’ lives easier, so they can get the cash they want.

Tip #1: Value the property correctly
Tip #2: Know your taxes and liens
Tip #3: Get your pay history in order

Tip #4 is ginormously important: Get collateral in order.

First off, you need to be able to say whether or not there are any gaps in the assignment or allonge chain?

[insert record scratching sound]

Allonge what? Yeah…allonge chain.

“Allonge” is a word that comes from the French word, “Allonger,” which means to lengthen. In this case, the lengthening is the endorsement of a Promissory Note, which, as a reminder is the acknowledgment of debt. The endorsement usually happens on a separate piece of paper because there’s no room on the Note document.

The allonge chain is a fancy way of saying “history of endorsements,” which is really important to provide.

Equally important parts of collateral are the Title Policy, a lost note affidavit (if there is one), and the recording of the mortgage or Deed of Trust.

Stay tuned for more tips, and learn more in general about Faller Financial and Notes at

Call 844-433-6683 or email to sell your mortgage Note, or request a consultation at

Photo by Matthew Henry on Unsplash

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