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March 21, 2008

"Promissory Note" How to use them in a realestate transaction.

A promissory note is a legally binding contract used to document details of a loan between two parties. Promissory notes can be used for many types of financial transactions including personal loans, business loans, and real estate transactions.

Before participating in a promissory note agreement it's important to understand the different types of notes, repayment schedules and legal terms. Let's begin with the different types of notes payable.

Real Estate Investing article on ""Promissory Note" How to use them in a realestate transaction."