January 2011 Monthly Archive
January 26, 2011
The word 'debtor' refers to a person who owes money to a lending institution or private individual. People and companies that lend money are referred to as creditors. This can encompass banks, credit unions, credit card companies, department stores, and private funding sources such as hard money lenders, family or friends.
In the financial world, debtor can also be referred to as borrower or mortgagor. The latter is used in deed of trust contracts and mortgage notes. These descriptions are interchangeable, but also refer to the persons who borrowed funds and are responsible for repayment of outstanding debts.
January 22, 2011
Structured settlement brokers facilitate negotiations for the development of annuity payments to individuals who have been injured. Structured settlements are often used to payout large financial awards over an extended period of time. In addition to injury compensation, structured settlements are also used to payout lottery jackpot winnings.
Structured settlement brokers advise lawyers about the various annuity plans available to clients and assist in the sale of future annuity payments. Brokers provide required information for settlement offers; answer questions regarding offers; and assist in negotiating the best deal for attorney's clients.
January 14, 2011
An IOU note is commonly used to record the promise to pay a debt. This document can be used amongst family and friends and when borrowing money from a bank or credit union. When banks issue IOU notes, the document is referred to as a promissory note.
The IOU note records pertinent information about the loan. It should include the names and contract information for the borrower and lender, total amount of funds borrowed, installment amounts and dates, interest rate, and maturity date. Financial institutions usually include a default clause which states what action will be taken if borrowers default on the loan agreement
January 06, 2011
Do you wonder which properties make the best investment? If so, you're not alone. The real estate market has undergone radical changes in recent years; leaving many investors holding investments they cannot sell.
A variety of properties exist that can allow investors to generate positive cash flow. Some of the more popular include foreclosure homes and short sale real estate. These property choices often make for great rental homes that can be used as Section 8 housing or sold through creative financing strategies.