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Should I Get the Promissory Note After Paying Off My Mortgage?

Should I Get the Promissory Note After Paying Off My Mortgage?

By Ilyce Glink| 2019-06-21T10:44:22-05:00 June 21st, 2019|

Should I get the promissory note after paying off my mortgage? You may not need a note stamped "canceled" but you do need other forms of proof. Q: I saved an article you wrote from 2015 which says that I should "get back the promissory note” I signed when I pay off my loan. And, [...]

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What to Consider Before Purchasing Property for Friends

What to Consider Before Purchasing Property for Friends

By Ilyce Glink| 2019-04-11T16:08:42-05:00 April 11th, 2019|

What to consider before purchasing property for friends. No matter how long you’ve known them, a detailed title and promissory note are always necessary. Q: My father purchased a fixer-upper for a friend and hand-wrote a mortgage payment plan they both agreed upon. Well, after a few payments, the buyers stopped making the mortgage payments. [...]