Private Mortgage Note This is the foundational legal document outlining a borrower's promise to repay a debt, secured by real estate. Unlike institutional loans, a private mortgage note is typically issued by an individual, a private lender, or an investment group, rather than a [...]
Private Mortgage Note The Private Mortgage Note, often simply called a 'Note' or 'Promissory Note,' is the legal document signed by the borrower that outlines their promise to repay a loan to a specific lender, along with the terms of repayment, interest rate, and [...]
Loan Servicing Loan servicing refers to the comprehensive management of a loan from the point it's funded until it's fully paid off or foreclosed. For private mortgage lenders and investors, this encompasses essential tasks like collecting monthly payments, managing escrow accounts for property taxes [...]
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