Phase I due diligence requires a search of public records related ...

[daltonest1984]

Phase I due diligence requires a search of public records related to the land.
  Indicate whether the statement is true or false

Question 2

A promissory note has the following language: This note is secured by Lots 117, 118, and 119 in Arboleda Estates. The note was recorded to protect the lender with a mortgage on the lots. The borrower defaulted on the note. Can the lender foreclose based on the recorded note?
 A) Yes, because the note was recorded and the lender is a secured creditor
 B) No, because you cannot record a note
 C) No, because the description is inadequate
 D) Only if the lender signed the note

[Jayson]

Answer to Question 1

TRUE

Answer to Question 2

C

[daltonest1984]

Excellent

[diana chang]

TYSM