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
A Practical Guide to Protecting Your Promissory Note InvestmentWriting a check to invest in a promissory note begins the investing process that will provide you with future income and possibly capital gains. After your check is cashed, numerous administrative functions are necessary, on an on-going basis, to protect your investment and maximize its profitability.
Discounting Promissory Notes - What Causes the Discount?
There is no such thing as "smart money" - only smart people - the money goes where they go.Planning - A General OverviewBecoming successful in any activity that requires education and training will also require planning. Without a financial plan - a road map - that shows you where you are now and where you intend to go, it is doubtful that you will have a successful journey.