Real estate notes are signed contracts that state the payee will pay a certain amount of money at a specified time. Similar to a traditional mortgage, a note can be written to satisfy certain requirements that a traditional mortgage could not. These include a balloon payment, payments whenever there is a demand for them or [...]
Mortgage notes are loans which are created when a home is sold. Private mortgage notes are funded by a home seller rather than a bank or lending institution. They are also known as cash flow notes, seller financed notes, owner financed notes or seller carry-back notes.
Why Would a Private Mortgage Note be Created?
There are many [...]