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Category: Promissory Notes

What Happens When a Promissory Note is Sold in 2025?

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When a promissory note is sold, ownership of that agreement and the rights to future payments shift to a new holder. This process makes a real impact for both the seller, who receives a lump sum, and the buyer, who acquires a new income stream. Another common occurrence when a promissory note is sold is … Continued

Secured Promissory Note Template : Best Practices and Tips

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A secured promissory note template is a practical tool for anyone wanting to formalize a loan with clear protections in place. At its core, a secured promissory note is a written agreement where the borrower pledges specific assets—like real estate or vehicles—as collateral to back the loan. This extra security helps protect the lender if … Continued
Monopoly game like note buying game

The Ultimate Guide to Promissory Note Buyers

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If you’ve ever been handed a stack of papers with the word “mortgage” stamped all over them, congratulations—you’ve been initiated into the world of promissory note buyers. But here’s the twist: that paper is more than just a record of your loan; it’s an asset. And when promissory notes are generated from private party loans, … Continued
frustrated promissory note seller

Selling Your Promissory Note: Top Questions Answered

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Life has a knack for throwing curveballs—unexpected expenses, investment opportunities, or sudden financial needs. If you’re thinking about selling your promissory note to convert it into immediate cash, you’re not alone. Many individuals find themselves in this position, seeking clarity on the process. Let’s jump right in to the most common questions and we’ll provide … Continued
Buried treasured chest

Unlocking the Secrets of Selling Real Estate Notes

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What Does Selling Real Estate Notes Do? If you’re holding a note and pondering the idea of selling real estate notes, you’re not alone. Many individuals find themselves in possession of these valuable financial documents, wondering about their value and how to convert them into immediate cash (and quickly, right?). Let’s jump right into the … Continued
Pile of cash from selling mortgage note

What is a Master Promissory Note? Key Facts for Note Holders

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Risks & Key Facts for Master Promissory Note Holders A master promissory note is a legal document that sets out the terms for repaying borrowed money. Lenders most often use master promissory notes for student loans and mortgage notes. By signing, you agree to the loan’s terms, interest rate, and repayment rules all at once. … Continued
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

Unsecured vs. Secured Promissory Notes: A Comprehensive Guide

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Promissory notes are vital instruments in various financial transactions, representing a borrower’s legally binding promise to repay a debt to a lender. These notes outline the terms of the loan, including the principal amount, interest rate, repayment schedule, and any applicable penalties for late payments or default. However, not all promissory notes are created equal. … Continued