Author: eliteip

IOU note sticking out of wallet

The Promissory Note: A Binding Promise or a Fancy IOU?

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Imagine lending your friend $500 to start his artisanal chocolates business. You trust him, but you also remember that time he “forgot” to return your favorite Tupperware. Enter the promissory note—a document that says, “I trust you, but let’s put it in writing.” What Exactly Is a Promissory Note? A promissory note is a written … Continued

Why Mortgage Note Buyers Are the Unsung Heroes of Real Estate Finance

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In the world of real estate finance, there’s a lesser-known power player making quiet moves: the mortgage note holder. When someone holds a mortgage note, deed of trust, or contract for deed, they’re the one receiving monthly payments instead of a bank. Sounds great, right? Regular passive income, straight to the mailbox. But sometimes, that … Continued
selling my mortgage note MI

Can I Sell A Private Mortgage In MI?

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There has never been a better time to sell a MI mortgage note or promissory note, so if you’re wondering “Can I sell a private mortgage in Lansing MI?” the answer is: you absolutely can! Interest rates are very attractive right now but that could change at any moment, and interest rates could start climbing … Continued