A promissory note, also known as a mortgage note, holds real estate as its collateral. The note, for short, details exactly how, when, and where a borrower will make payments and explains different payment default scenarios and potential outcomes. One of those outcomes if the note is secured by real estate is foreclosed on that collateral if a default occurs.

Double Dipping On Your Money with Hannah Kesler From The Money Multiplier
01:00:22 | Hannah Kesler shares the importance of privatized banking, keeping money in the family...
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