1. They make sure that the insurance policy on the property is issued for an amount that represents at least the full value of the note still owed to them.

2. They also make sure that the note is recorded and they are listed as mortgagee, trustee, or the first contract holder on the policy. This guarantees that they will be entitled to any proceeds from any claim ahead of the borrower.

3. They make sure that they get a notice of cancellation if the borrower fails to keep a current... More about: 12 Great Things About Successful Real Estate Note Holders