Experts Compared to NovicesNo individual is an expert in more than two or three vocations; most of us are fortunate if we're an expert in one. We all have to seek expert advice from time-to-time. Just to name one vocation that's an example of specialization and sub-specializations, consider medicine: there are experts for eye, nose, ear, throat, heart, lung, liver, etc.
Mortgage Promissory Note, Allonge, And Mortgage Foreclosure Help
A Promissory note in simple terms is a promise to pay. It is a written contract between the maker (the payer) and the lender (the payee), including specific condition and terms on which, a certain amount has to be paid from one party (lender) to the other(maker) either, at a defined or calculable future instance, or on demand of the payee.
Do I Need a Servicer for My Real Estate Notes?
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.