A mortgage promissory note is a promise to pay. If you don't pay, then your home or commercial property could go into foreclosure where the Lender, bank servicer, trustee, or investor can use questionable tactics to get your property. There is a mortgage that goes along with the note, a contract in real estate.
Real Party in Interest in a Foreclosure Lawsuit
There is an increasing trend among homeowners to defend foreclosure lawsuits by requesting mortgage lenders and servicing companies to show the original documents, espectially the note. When the lenders can not find the original note, judges are deciding that any foreclosure proceedings must be dismissed until the note can be found.
Discounting Promissory Notes - What Causes the Discount?
HistoryIn 1965 Congress created the Medicaid program. Since then it has served as a source of financial aid to senior citizens who lack the means to pay for their long-term care. Functionally, it operates as a means-tested, jointly funded, federal-state entitlement program.The federal Medicaid rules set broad eligibility and benefits guidelines.