Welcome to Loan Documentation & Default Risk

Documentation is the difference between a secured loan and an expensive lesson. Review the promissory note, mortgage or deed of trust, personal guarantees, title insurance and hazard insurance, then walk through workouts and foreclosure.

What you will be able to do

• Review key clauses in notes and security instruments
• Verify title and lender's insurance coverage
• Recognize early warning signs of default
• Compare workout, forbearance and foreclosure options

Promissory notes, deeds of trust, title, insurance — and what happens when a loan goes bad.