Promissory Note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date. A promissory note usually includes the principal amount, the interest rate if any, the parties, the date, the terms of repayment (which could
Deed of Trust and Promissary Note information from Sacramento County Public Law Library. A trust deed is the functional equivalent of a mortgage. It does not transfer the ownership of real property, as the typical deed does. Like a mortgage, a trust deed makes a piece of real property security (collateral) for a loan. If
Note — A note, promissory note, mortgage note or trust deed note is a borrowers written promise to pay a sum of money in the future. Promissory note is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money
There are a handful of experienced and reputable companies that purchase privately held notes, mortgages and trust deeds. As an individual note holder, you can easily access this market and seek your best offer. These are the factors that determine the market value of real estate secured promissory notes: • The type of property securing
