Safekeeping the Original Mortgage Note
Posted by Brian Bornino on May 16, 2017 in Protecting Mortgage Note Values | Comments Off on Safekeeping the Original Mortgage Note Can you easily locate the original mortgage note? This important legal document should be kept in a safe place, and here is why! The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a negotiable instrument. Similar to a check, the original must be presented to collect or prove ownership. If the...read more