Real Estate Secured Promissory Notes

Funding, Glossary

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.

Related Posts


Submit a Comment