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Orange County Mortgage Loan Servcing
Benefits of Promissory Note Template
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.
Promissory Note Investing - Buying A Note
By definition, a promissory note is the instrument used to secure a loan or prove a transaction between two entities or even individuals. If you intend to take part in transaction either as a lender or as the borrower, you will need to complete a promissory note. The document helps secure the loan by acting as the document that signifies the credit itself.
Promissory Note Discounts for Estate and Gift Taxes
Calculating the Fair Market Value of the Promissory NoteWhat is the Issue? The basic issue is arriving at the Fair Market Value of a private promissory note. In reality, the Fair Market Value of most notes is less than their unpaid balance. Determining Market Value is more an art than a science.