Using a Promissory Note to Purchase a Home
Promissory Notes and Bank Loans The promissory note or promissory letter is a binding legal instrument that acts as a borrower's promise to repay a private loan to a lender. Many individuals have the perception that a promissory note is...
4 Foreclosure and Lender Procedural Requirements
A foreclosure is a serious legal proceeding in which the homeowner is in the process of having their home taken away from them. Because of this, courts generally pay a great deal of attention to foreclosure proceedings and make sure that all...
3 Options to Avoid Foreclosure
One of the most unfortunate consequences of the recent real estate bubble is the dramatic increase in the foreclosure rate. A large number of foreclosures are a direct result of predatory lending practices, however an equally large number are...