real estate notes

/Tag: real estate notes
18 10, 2018

Why Are Real Estate Notes Bought and Sold?

2018-10-18T12:38:31+00:00

A noteholder in the world of real estate is the person or party who receives payments on the note. If a noteholder is having difficulty receiving regular and timely payments on the note, or if they are in need of a lump sum of cash, they may choose to sell the note to a real estate investor. They would sell the note at a discount since it is being purchased based on future payments using today’s dollars. The sale of the note provides the noteholder with instant access to cash and removes them from any further responsibility in collecting payments on [...]

Why Are Real Estate Notes Bought and Sold?2018-10-18T12:38:31+00:00
9 10, 2018

What is the difference between a mortgage and a note?

2018-10-09T11:04:58+00:00

The terms promissory note and mortgage note are used as on in the same, but a mortgage and a promissory note are two very different things. Note A promissory note is basically an IOU on a loan. It is a promise to repay the loan amount to the owner. Unlike a mortgage or deed of trust, the promissory note is not recorded in the county land records. The lender holds the promissory note while the loan is outstanding. When the loan is fully paid off, the note will be marked as paid in full and returned to the borrower. Mortgage Typically, [...]

What is the difference between a mortgage and a note?2018-10-09T11:04:58+00:00