Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago on . Most recent reply

Any one have experience with a Promissory Note?
BP, I am looking to do private financing on a tax delinquent property.. I am looking for any advice, and explanation on promissory note.
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,508
- Votes |
- 23,418
- Posts
Cameron, all loans are based on a promissory note-the promise to pay. Usually for real estate, they are coupled with a mortgage instrument, which simply pledges the real estate as security/collateral for the promissory note.