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.

Think Realty Podcast #350: How to Break Into Multifamily Real Estate With Eric Stewart
Thinking about jumping from single-family to multifamily investing but not sure where to start?...
0 Comments