original mortgage note

30 09, 2019

Mortgages vs. Promissory Notes

2019-09-30T15:10:35-06:00

When purchasing real estate with financing, you typically need to sign two specific documents to borrow money: a mortgage and a promissory note. In some states it is a deed of trust and a promissory note. For note investors and new homeowners, understanding the difference between the two documents can sometimes be challenging. Let's take a look at mortgages vs. promissory notes to provide a better understanding. Mortgages Vs. Promissory Notes: What's the Difference? Promissory [...]

Mortgages vs. Promissory Notes2019-09-30T15:10:35-06:00
30 06, 2017

Selling A Mortgage Is Not Just About Price

2018-06-04T11:04:44-06:00

One of the first questions a note seller asks is, “How much can I get for my note?” At the end of the day, that is what it is all about, right? Or is it? For some, selling a note is not just about price. For many people selling a note is about getting out of the hassle of collecting payments, dealing with defaulted buyers, reporting taxes, or having their money tied up [...]

Selling A Mortgage Is Not Just About Price2018-06-04T11:04:44-06:00
21 03, 2016

Safekeeping the Original Mortgage Note

2018-06-04T11:10:29-06:00

Can you easily locate the original mortgage note? This important legal document should be kept in a safe place, and here is why! The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a negotiable instrument. Similar to a check, the original must be presented to collect or prove ownership. If the [...]

Safekeeping the Original Mortgage Note2018-06-04T11:10:29-06:00
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