Promissory Notes and Intra-Family Loans Appraisal and Structuring Issues
OpportunitiesToday's difficult banking and financial environment has caused some problems and created some opportunities. The option to lend money within a family is one area that should now be considered. Intra-family lending has advantages; the advantages should be considered from two distinct perspectives-1) a purely economic view; and 2) a taxation point of view.
Why it is Important to Find Out Who Owns Your Mortgage
A mortgage promissory note is a promise to pay. If you don't pay, then your home or commercial property could go into foreclosure where the Lender, bank servicer, trustee, or investor can use questionable tactics to get your property. There is a mortgage that goes along with the note, a contract in real estate.
Real Party in Interest in a Foreclosure Lawsuit
Calculating the Fair Market Value of the Promissory NoteWhat is the Issue? The basic issue is arriving at the Fair Market Value of a private promissory note. In reality, the Fair Market Value of most notes is less than their unpaid balance. Determining Market Value is more an art than a science.