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WHO CAN BUY MY PROMISSORY NOTE?

Introduction: Promissory Note A promissory note is a document that is signed in promise to pay back a stated sum to a specified person or bearer, at a specified date or on demand. This type of document can be written up for nearly any type of agreement out there that...

Your Guide to the Perfect Mortgage Note

Introduction READ THIS BEFORE EVEN THINKING OF SELLING YOUR MORTGAGE NOTE! Before you create or sell your mortgage note, you need to make sure that you are aware of the steps you need the takes, and some of the mistakes that are made when selling a note. Many note...

Seller Financing: Quick Guide

Owner financing is not a very well-known alternative to selling one’s property, for most American homeowners. Only around 10%-15% of properties that are sold are done so via seller financing. Why is this low cost and quick real estate investment more common?Due to the...

Why is a $10,000 promissory note not actually worth $10,000?

For many people, it’s a surprise to learn that with promissory notes, what you see is not what you get. We are used to relying on government- or bank-backed notes; for example, when you have a $100 bill in your wallet, you have the full promise of the United...

The 4 Ways to Value Real Estate and Your Promissory Note

To make certain that you are making a good investment, it is crucial to have an accurate property value, whether you are the one buying or selling. This is particularly true if mortgage notes will be involved. The following examines the four ways your property and...